A criminal court in Paris sentenced a Ukrainian man to five years in prison, with two years to serve and three years suspended, for illegally minting and stealing 1 billion Holograph (HLG) tokens. According to Odaily, the offenses took place between May and August 2024, when he exploited a vulnerability at a company where he had worked; the tokens were worth about $14 million at the time. The court found that he altered the platform’s token-minting conditions, transferred the tokens to a personal wallet and then worked with two accomplices to distribute the funds across accounts at several cryptocurrency exchanges. One accomplice received a two-year sentence, with 14 months suspended, and an €80,000 fine; the other received a two-year suspended sentence and a €40,000 fine. The court rejected the Holograph Foundation’s claim for compensation over the token’s price decline, saying HLG had already experienced substantial price fluctuations and a direct causal link between the alleged fraud and its subsequent depreciation could not be established. HLG fell from nearly $0.03 in May 2024 to $0.001 by the end of December that year.