Holograph Tokenization Platform Hack Leads to $14.4 Million Loss and 80% HLG Price Plunge
Friday, 14 June 2024, 10:18
Holograph Tokenization Platform Hacked
Holograph, a blockchain tokenization platform, was hacked on June 14, resulting in a loss of $14.4 million.
Implications of the Hack
- Theft: The security breach led to a massive theft of funds, amounting to $14.4 million.
- Price Drop: The hack triggered an 80% drop in the price of Holograph's native token, HLG, causing significant financial losses for investors.
- Security Concerns: The incident raises concerns about the security of blockchain platforms and highlights the risks associated with digital asset investments.
Investors are advised to be vigilant and implement strong security measures to protect their assets.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.