According to ChainCatcher, Holograph posted on social media that 51,530,079 HLGs were destroyed about 4 hours ago.
Previously, the Holograph protocol suffered an illegal attack on June 13, and malicious attackers increased the total supply of HLG. The attackers transferred 1 billion HLGs to various CEXs and began to sell them. After notifying the exchanges of the situation, about 200 million HLGs were successfully frozen and are currently being recovered through law enforcement procedures.
At present, the remaining amount of HLG in circulation is about 800 million. After extensive discussions with the community, the plan to restore the total supply of HLG to 10 billion has been launched, and the remaining 738,419,187 HLGs are still to be destroyed.