The 1 billion HLG tokens were worth $14.4 million at the time of the first mint, Etherscan data shows.
Blockchain tokenization platform Holograph’s native token fell as much as 79.4% after a malicious actor hacked the protocol’s operator contract and minted 1 billion HLG tokens worth $14.4 million.
Holograph’s X account confirmed the hack on June 14. It revealed that it has since patched up the initial exploit and is working with cryptocurrency exchange partners to freeze the malicious actor’s accounts.
Holograph added that it has launched its own investigation and is contacting law enforcement.
