Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
The Holograph team has fixed the vulnerability and is working with multiple exchanges to block malicious accounts.

The Holograph team has fixed the vulnerability and is working with multiple exchanges to block malicious accounts.

CointimeCointime2024/06/14 00:46
By:Cointime

The native token HLG of the Holograph protocol has fallen by more than 60% after malicious attackers used vulnerabilities to mint 1 billion HLG. According to CoinGecko data, this event led to a sharp drop in the market price of HLG.

The attackers successfully minted an additional 1 billion HLG tokens by exploiting vulnerabilities in the Holograph operations contract. The Holograph team has fixed the vulnerabilities and is working with multiple exchanges to block malicious accounts.

According to on-chain data, the wallet acc01ade.eth, which was involved in this vulnerability, also shows on its Github page that it is one of the contributors to the Holograph project. Currently, the team is conducting further investigations and contacting law enforcement agencies.

The Holograph protocol aims to achieve unified contract addresses on all Ethereum Virtual Machine (EVM) blockchains, ensuring consistency, interoperability, and secure cross-chain asset transfers for tokenization operations.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!