Burn

Holograph

Holograph, the protocol for <a href="https://optimisus.com/press-releases/blockdags-keynote-2-fuels-market-buzz-presale-tops-51-5m-as-bnb-peaks-toncoin-tvl-explodes/" rel="noopener noreferrer nofollow">tokenizing assets across several blockchains</a>, has formed a partnership with Halborn, a specialist in web3 cybersecurity, to conduct periodical audits aimed at enhancing the security of the protocol.  
Halborn was chosen in response to a recent event in which a malicious attacker successfully created new units of HLG, the native token of Holograph.  
Holograph will publish a comprehensive report that provides detailed information on the occurrence and outlines the actions that have been implemented to prevent it from happening again. Holograph will additionally reach out to exchanges in order to recommence HLG deposits.  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 https://twitter.com/holographxyz/status/1803518157044461966
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In order to minimize the consequences of the occurrence, an HLG Burn Plan has been implemented, involving the burning of HLG in order to restore the original programmed supply of 10 billion HLG.  
The plan include incinerating roughly 200 million HLG tokens from the attacker's immobilized centralized exchange accounts, as well as 800 million tokens from the Holograph treasury and through acquisitions in the open market.  
The initial stage of the Burn Plan has been successfully executed, utilizing Holograph to furnish verifiable evidence of each burn on the blockchain.  
Holograph will maintain its collaboration with Halborn to enhance the security of its omnichain protocol by leveraging Halborn's technical expertise.

Holograph to burn over 1 billion HLG tokens

Optimisus

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