A former employee of the Holograph Fund was sentenced to five years for the illegal minting of $14 million in HLG tokens A criminal court in Paris sentenced a former employee of the Holograph Fund to five years in prison, with two years to be served and three years on probation, for the illegal minting of one billion HLG tokens worth approximately $14 million in 2024. The defendant manipulated the terms of the token minting and transferred the tokens to personal wallets, while working with two partners to move the proceeds through crypto exchanges. The partners received suspended or partially suspended prison terms and fines of €80,000 and €40,000. The court rejected the compensation claim of Holograph Foundations for the drop in the price of the tokens, on the grounds that it is insufficient for a direct causal link. - Link.

A former employee of the Holograph Fund was sentenced to five years for the illegal minting of $14 million in HLG tokens A criminal court in Paris sentenced a former employee of the Holograph Fund to five years in prison, with two years to be served and three years on probation, for the illegal minting of one billion HLG tokens worth approximately $14 million in 2024. The defendant manipulated the terms of the token minting and transferred the tokens to personal wallets, while working with two partners to move the proceeds through crypto exchanges. The partners received suspended or partially suspended prison terms and fines of €80,000 and €40,000. The court rejected the compensation claim of Holograph Foundations for the drop in the price of the tokens, on the grounds that it is insufficient for a direct causal link. - Link.