Holograph posted on X that 51,925,313 HLGs were destroyed about 2 hours ago.
Previously, on June 13, the Holograph protocol suffered an illegal attack, and the malicious attacker increased the total supply of HLG. The attacker transferred 1 billion HLGs to various CEXs and began to sell them. After notifying the exchanges of the situation, about 200 million HLGs were successfully frozen and are currently being recovered through law enforcement procedures.
Currently, the remaining amount of HLG in circulation is about 800 million. After extensive discussions with the community, the plan to restore the total supply of HLG to 10 billion has been launched, and the remaining 789,949,266 HLGs are still to be destroyed.