A former employee of Holograph Foundation was sentenced to five years in prison by a Paris criminal court for illegally creating 1 billion Holograph (HLG) tokens in 2024, valued at about $14 million. The sentence includes two years of actual imprisonment and three years suspended with probation. Two accomplices received prison terms and fines for helping move the funds through crypto exchanges. The defendants must also pay over €1.25 million to the foundation for financial damages. The court dismissed claims linking the fraud to the token's price decline, noting the price had already dropped before the incident.
The Holograph token incident provides context for readers. As of Nov 09, 2026 17:02 WIB, 9 of 50 major cryptocurrencies on Pluang rose, while 40 fell. Notable movers include YFI at Rp35.044.937 (-3.41%), LUNC at Rp0,701 (-3.38%), and SOL at Rp1.561.914 (-3.28%).
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