crypto

Full-chain NFT protocol Holograph has issued an update on recent security incidents, stating that a former contractor exploited a vulnerability to mint an additional 1 billion HLG tokens on Mantle, causing the protocol to be temporarily locked .

The team is developing strategies to minimize the impact of the vulnerability and working with security experts to prevent similar incidents from happening again. The attacker's exchange accounts on Bybit, Gate, KuCoin, Bitget, and Backpack were frozen, and at least 200 million of the additional 1 billion HLG minted were frozen.

At the same time, the relevant trading platform suspended all HLG deposits and withdrawals. Next, officials will conduct third-party protocol audits and continue to promote full-chain token infrastructure and applications.