đš Holograph Drops 60% Resulting In $14.4M Loss đš
đł Holographâs tokenization platform was hacked which resulted in a loss of $14.4 million.
đ” The hackers exploited Holographâs operator contract to mint 1 billion HLG tokens.
đ€ HLGâs value dropped by 60% following the hack as the tokenâs price fell from $0.014 to $0.0029 in just ten minutes.
đ€ The hack involved nine transactions starting on June 13 at 9:47 am UTC, as per Etherscan data.
đ The team has patched the initial exploit & is working with exchange partners to lock the malicious accounts.
đ It has also launched an investigation & is in the process of contacting law enforcement.Â