-
The
native
token
of
the
Holograph
protocol
is
down
over
60%
after
an
exploit
allowed
an
attacker
to
mint
1
billion
HLG -
On-chain
data
suggests
that
the
wallet
acc01ade.eth
was
involved
with
the
exploit,
and
a
Github
page
lists
an
individual
with
the
same
handle
as
a
contributor
to
HLG.
The
native
token
of
the
Holograph
protocol
(HLG)
was
down
as
much
as
60%,
according
to
CoinGecko
data,
after
a
malicious
actor
ran
an
exploit
that
allowed
them
to
mint
1
billion
HLG
tokens.
“The
team
has
launched
an
investigation
&
is
in
the
process
of
contacting
law
enforcement,”
the
protocol
posted
on
its
X
page.
The
Holograph
protocol
enables
a
single
contract
address
across
all
EVM
blockchains,
which
ensures
consistent
tokenization,
seamless
interoperability,
and
secure
cross-chain
asset
transfers,
according
to
a
description
on
its
website.
At
current
market
prices,
the
1
billion
HLG
that
the
exploiter
absconded
with
is
worth
slightly
more
than
$6.7
million.
On-chain
data
suggests
that
the
ENS
wallet
acc01ade.eth
was
involved
in
the
exploit.
A
Github
page
suggests
that
they
are
also
a
contributor
to
the
project.
A
X
page
with
the
same
name
describes
itself
as
a
“super
shadowy
coder”
based
in
Paris.
The
account
did
not
respond
to
a
request
for
comment
by
CoinDesk.