Former Holograph Foundation Employee Sentenced to Five Years for Illegally Minting $14M in HLG Tokens A Paris criminal court sentenced a former Holograph Foundation employee to…
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Former Holograph Foundation Employee Sentenced to Five Years for Illegally Minting $14M in HLG Tokens A Paris criminal court sentenced a former Holograph Foundation employee to five years in prison, …
Former Holograph Foundation Employee Sentenced to Five Years for Illegally Minting $14M in HLG Tokens A Paris criminal court sentenced a former Holograph Foundation employee to five years in prison, with two years to be served and three years suspended, for illegally minting 1 billion HLG tokens worth approximately $14 million in 2024. The defendant manipulated token minting conditions and transferred the tokens to personal wallets, working with two accomplices to move the proceeds through crypto exchanges. The accomplices received suspended or partially suspended sentences and fines of €80,000 and €40,000. The court rejected Holograph Foundation's compensation claim over the token's price decline, citing insufficient evidence of a direct causal link.
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