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According to Jinse Finance, the native token HLG of the Holograph protocol plummeted by more than 60% after being maliciously attacked and minted 1 billion HLG through vulnerabilities. Data shows that this incident has led to a sharp drop in the market price of HLG.
The attacker exploited a vulnerability in the Holograph contract to successfully mint an additional 1 billion HLG tokens. The Holograph team has fixed the vulnerability and is working with multiple exchanges to block the malicious accounts involved.
According to on-chain data, the wallet acc01ade.eth, which is also shown on its Github page as one of the contributors to the Holograph project, is involved in this vulnerability. Currently, the team is conducting further investigation and contacting law enforcement agencies.