Paris trial opens over illegal minting of 1 billion Holograph tokens
- —Trial of three defendants in the Holograph case opened in Paris on October 16
- —Losses from the illegal minting of 1 billion HLG are estimated at about $14 million
- —The main defendant is a former Holograph employee, a Ukrainian national residing in France
- —Lawyers said the project lost customer trust and is preparing for liquidation
Why it matters: The case sets a precedent for criminal liability over token issuance manipulation and raises risks for project teams.
Source: TokenPost