TechFlow reports that the Holograph Protocol was exploited by a former contractor who used a vulnerability to mint an additional 1 billion HLG tokens on Mantle, causing the protocol to be temporarily suspended. The team is actively addressing the impact of this exploit and collaborating with security experts to prevent similar incidents in the future.
The malicious actor's accounts have been frozen across multiple exchanges, and at least 200 million of the extra 1 billion HLG tokens have been secured. In response, exchanges have also temporarily halted all deposits and withdrawals of HLG tokens.
A third-party audit will be conducted going forward, while development continues on multi-chain tokenization infrastructure and applications.
Previous report: The Holograph cross-chain NFT protocol contract was attacked, allowing hackers to illegally mint 1 billion HLG tokens.
