Holograph Freezes 200 Million of 1 Billion HLG Tokens Issued by Hackers

IconCryptoNewsTerminal Staff15 Jun, 2024

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Holograph Freezes 200 Million of 1 Billion HLG Tokens Issued by Hackers

Holograph (HLG), an omnichain tokenization infrastructure that was recently hacked, has frozen 200 million of the 1 billion HLG tokens that were issued by the attacker. Holograph announced the news via its official Twitter account, stating that "Our Operator contract was compromised, granting the attacker the ability to mint 1 billion additional HLG. The initial exploit has been patched, and we are working with exchange partners to suspend the hacker's account. An investigation has been launched, and we are in communication with law enforcement." This incident highlights the ongoing security challenges faced by the cryptocurrency industry. Holograph is just one of many companies that have been targeted by hackers in recent months. As a result, it is important for investors to take steps to protect their assets, such as using strong passwords and storing their tokens in a secure wallet.

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