Holograph has taken a significant step to restore the integrity of its token supply by destroying approximately 51,925,313 HLG tokens. This move comes in response to a malicious attack on the Holograph protocol on June 13, which resulted in an unauthorized increase in the total supply of HLG. The attacker manipulated the system, generating 1 billion HLG and attempting to sell them off on various centralized exchanges (CEXs).

Fortunately, Holograph swiftly reported the incident to the affected exchanges, resulting in the successful freezing of approximately 200 million HLG. These tokens are currently being recovered through legal channels. However, the remaining circulating supply of HLG still stands at around 800 million, highlighting the need for further action to restore the token's original supply. Following extensive community discussions, a plan has been put in place to restore the total supply of HLG to its intended 10 billion.

The destruction of the 51,925,313 HLG tokens marks a crucial step in this restoration process, with an additional 789,949,266 HLG still slated for destruction. This drastic measure demonstrates Holograph's commitment to maintaining the integrity of its token supply and ensuring the trust of its community. The incident serves as a reminder of the importance of vigilance in the cryptocurrency space, where malicious actors seek to exploit vulnerabilities for personal gain.

Holograph's swift response to the attack and its collaborative approach with the community have been commendable. The successful freezing and recovery of a significant portion of the compromised HLG tokens demonstrate the effectiveness of this cooperation. As the restoration process continues, Holograph's commitment to transparency and community engagement will be crucial in rebuilding trust and ensuring the long-term viability of the project.

In conclusion, Holograph's decisive action to destroy a significant portion of the compromised HLG tokens marks a significant milestone in restoring the token's original supply. The community's support and cooperation have been instrumental in this process, and their continued engagement will be vital in ensuring the project's success. As the cryptocurrency space continues to evolve, incidents like these highlight the importance of vigilance, transparency, and community collaboration in maintaining the integrity of token supplies.