Paris court sentences ex-Holograph employee over $14 million token minting fraud
A Paris criminal court on November 6 gave a former Holograph Foundation employee five years, three of them suspended, and a €600,000 fine for minting one billion HLG tokens in 2024 by altering the token's minting permissions. The tokens were worth about $14 million at the time. He was convicted of organised fraud, money laundering, conspiracy and interfering with a computer system, and two accomplices also received prison terms. The court ordered about €1.26 million in payments to the foundation, which its lawyer says has stopped operating.