Security· ★★★· bearish·

Paris court opens trial over fraudulent minting of 1 billion HLG tokens

  • —The alleged operations took place between May and August 2024
  • —The minted tokens were valued at $14 million at the time
  • —HLG fell from about $0.03 in May 2024 to roughly $0.001 by late December
  • —Hearings resume on October 22 and 23
Why it matters: The case sets a precedent for liability over token-supply manipulation and could accelerate Holograph's liquidation.
#HLG
Source: Journal du Coin
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