ChainBleedv0.1 · open intel
← back to feed·TOKEN-SUPPLY2024-06-14 · 1y ago
Incident · SLOWMIST

Holograph

Contract Vulnerability
Estimated loss
$14.40M
VERDICT —UNRATED
Verdict pending. Auto-ingested incidents are reviewed before a public verdict is rendered.
▰ METHOD
TOKEN SUPPLY
TOKEN-SUPPLYBYTECODE CATCHABLEAI SCANNABLE
Root cause

Root-cause analysis not yet published. The incident description below contains all currently available signal — review the attack transaction directly for definitive forensics.

Forensic narrative

The Omnichain NFT protocol Holograph protocol was exploited, resulting in a loss of approximately $14.4 million. According to the team, a former contractor exploited an infinite mint vulnerability in their smart contract to release an additional 1 billion HLG tokens, which were further dumped. This malicious actor, who had funded the operator contract roughly 26 days before the attack, deployed an unverified contract on Mantle, which was used to mint the additional tokens caused by a function that exploited the protocol's verification method. Attack method (per SlowMist): Contract Vulnerability. Reported loss: $ 14,400,000.

Primary source
https://x.com/holographxyz/status/1801702424236990600
Sourced from
slowmist
Technical record
chain
protocol
Holograph
bug_class
token-supply
date_occurred
2024-06-14
loss_usd
$14,400,000
source_id
sm:holograph::2024-06-14
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