Coinspeaker
French Authorities Arrest Multiple Suspects in Connection to Holograph Hack
According to a recent announcement on X, the arrests followed a rigorous two-month investigation that involved a coordinated effort among international law enforcement agencies, working together to bring the criminals to justice. Led by France’s Office for the Prevention of Cybercrime (OFAC), the joint action involved the Brigade de Répression du Banditisme (BRI), Europol, the Italian Directorate of Anti-Mafia Investigations, and the Royal Cayman Islands Police Service (RCIPS).
These agencies worked in tandem to track down the individuals responsible for the Holograph hack, which resulted in the loss of $14.4 million worth of the platform’s native token, HLG. The thieves exploited a vulnerability in the protocol’s operator contract to mint 1 billion HLG tokens using a proxy wallet. These tokens, valued at nearly $15 million at the time, were fraudulently created, destabilizing th
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