【Changed the rules to mint coins for himself! Former employee secretly minted 1 billion tokens, worth about $14 million at the time】
A Paris court ruled on November 6 that a former employee of Holograph, a cross-chain token issuance platform, secretly altered the minting rules for the HLG token between May and August 2024, minting 1 billion tokens without authorization (worth about €12.5 million, or approximately $14 million, at the time) and transferring them to his own wallet. Two accomplices then distributed the tokens across accounts at several exchanges. He was sentenced to five years in prison (two years to be served) and fined €600,000. The foundation's claim for losses caused by the token's price crash was dismissed. The business has now ceased operations and is preparing for liquidation.
$HLG
#Holograph #加密盗窃 #Inside job
A Paris court ruled on November 6 that a former employee of Holograph, a cross-chain token issuance platform, secretly altered the minting rules for the HLG token between May and August 2024, minting 1 billion tokens without authorization (worth about €12.5 million, or approximately $14 million, at the time) and transferring them to his own wallet. Two accomplices then distributed the tokens across accounts at several exchanges. He was sentenced to five years in prison (two years to be served) and fined €600,000. The foundation's claim for losses caused by the token's price crash was dismissed. The business has now ceased operations and is preparing for liquidation.
$HLG
#Holograph #加密盗窃 #Inside job