Holograph

Drops

<p>The post <a href="https://coinpedia.org/crypto-live-news/holograph-drops-60-resulting-in-14-4m-loss/" rel="noopener noreferrer nofollow">Holograph Drops 60% Resulting In $14.4M Loss</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>Holograph’s tokenization platform was hacked which resulted in a loss of $14.4 million. The hackers exploited Holograph’s operator contract to mint 1 billion HLG tokens. HLG’s value dropped by 60% following the hack as the token’s price fell from $0.014 to $0.0029 in just ten minutes. The hack involved nine transactions starting on June 13 at 9:47 am UTC, as per Etherscan data. The team has patched the initial exploit &amp; is working with exchange partners to lock the malicious accounts. It has also launched an investigation &amp; is in the process of contacting law enforcement.&nbsp;</p>

Holograph Drops 60% Resulting In $14.4M Loss

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