The case of Holograph’s illegal additional issuance of 1 billion tokens has opened in Paris, involving approximately $14 million.
1 hours ago
Holograph (HLG)’s 2024 illegal issuance of 1 billion tokens went to trial on October 16 in Paris, with the case involving approximately $14 million at the time. Among the three defendants, the main suspect is a Ukrainian former Holograph employee residing in France, accused of modifying token creation conditions to illegally mint 1 billion HLG, transferring them to a personal wallet, and moving the funds via multiple exchange accounts with accomplices. A lawyer for the Holograph Foundation told the court that the incident caused the project to lose client trust, has now come to a complete halt, and the foundation is preparing for liquidation.
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