HLG Down Over 60% as Exploiter Mints 1 Billion New Tokens
The team behind the Holograph (HLG) said they have patched the exploit and is working with centralized exchanges to freeze accounts affiliated with the exploiter
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The team behind the Holograph (HLG) said they have patched the exploit and is working with centralized exchanges to freeze accounts affiliated with the exploiter
Several cryptocurrency businesses are reporting that there is an ongoing “supply chain email breach attack” that uses newsletter mailing lists to send around malicious phishing links.
Attackers exploited a tax function in the token’s code that allowed them to issue more tokens and completely drain liquidity pools.
First there was “The Bait.” Then there was “Unblinding the block,” followed by “The Search,” and ultimately “The Propagation.” U.S. prosecutors detailed an incredibly complicated Ethereum exploit in an indictment.
Attackers stole ether, velo and stablecoins before developers mitigated the hack and paused operations. Sonne’s markets on the Base blockchain were not affected.
A cryptocurrency user has lost $68 million worth of wrapped bitcoin (WBTC) after falling victim to an “address poisoning” exploit, according to blockchain security firm CertiK.
The website was down for “technical work” as of early European afternoon hours Tuesday.
A recently issued gaming token on layer-2 network Blast has been exploited with $4.6 million stolen, according to an announcement in the token’s Telegram channel.
The failed token transfers spooked some market watchers as they amounted to nearly half of XRP’s $30 billion market capitalization.
Affected user balances will be restored as no private keys were stolen in the exploit, developers said on X.