HLG, the native token of the Holograph protocol, fell by more than 60% after malicious attackers exploited the vulnerability to mint 1 billion HLGs. According to CoinGecko data, this incident caused the market price of HLG to drop sharply. The attackers managed to mint an additional 1 billion HLG tokens by exploiting a flaw in the Holograph operating contract. The Holograph team has fixed the flaw and is working with multiple exchanges to block malicious accounts. According to the on-chain data, the wallet acc01ade.eth involved in this vulnerability, its Github page also shows that it is one of the contributors to the Holograph project. At present, the team is conducting further investigations and liaising with law enforcement. The Holograph protocol is designed to achieve a unified contract address on all Ethereum Virtual Machine (EVM) blockchains, ensuring consistency, interoperability, and secure transfer of assets across chains.