Holograph: More than 51.53 million HLGs were destroyed again, and nearly 740 million HLGs are still to be destroyed

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Cointime2024/06/24 00:46

By:Cointime

Holograph posted on social media that approximately 51,530,079 HLG tokens were destroyed about 4 hours ago.Previously, the Holograph protocol suffered an illegal attack on June 13th, where the malicious attacker increased the total supply of HLG. The attacker transferred 1 billion HLG to various CEXs and began selling them. After reporting the situation to exchanges, approximately 200 million HLG were successfully frozen and are currently being recovered through legal procedures.Currently, the remaining circulating supply of HLG is approximately 800 million tokens. After extensive discussions with the community, the plan to restore the total supply of HLG to 10 billion tokens has been initiated. Currently, there are still 738,419,187 HLG tokens awaiting destruction.

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