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Holograph: Over 51.92 million HLG destroyed again, nearly 790 million HLG still to be destroyed.

Sep 12, 2024 05:43:45

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ChainCatcher message, Holograph posted on social media that approximately 51,925,313 HLG were burned about 2 hours ago.

Previously, the Holograph protocol suffered an illegal attack, where malicious attackers increased the total supply of HLG. The attackers transferred 1 billion HLG to various CEXs and began to sell off. After reporting the situation to the exchanges, approximately 200 million HLG were successfully frozen and are currently being recovered through law enforcement procedures.

Currently, the remaining circulating supply of HLG is about 800 million. After extensive discussions with the community, the plan to restore the total supply of HLG to 10 billion has been initiated, with 789,949,266 HLG still pending destruction.

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