Golden Finance reported that the native token HLG of the Holograph protocol plummeted by over 60% after malicious attackers exploited a vulnerability to mint 1 billion HLG. According to CoinGecko data, this incident led to a sharp decline in the market price of HLG.

The attacker successfully minted an additional 1 billion HLG tokens by exploiting a vulnerability in the Holograph operation contract. The Holograph team has fixed the vulnerability and is working with multiple exchanges to block malicious accounts involved.
According to on-chain data, the wallet acc01ade.eth, which was involved in this vulnerability, is also shown on its Github page as 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 a unified contract address for all Ethereum Virtual Machine (EVM) blockchains, ensuring consistency, interoperability, and secure cross-chain asset transfer for tokenization operations.