Holograph Hacker Arrested in Italy: 1 Billion Token Hack Resolved
CryptoNewsTerminal Staff14 Aug, 2024
Holograph Hacker Arrested in Italy: 1 Billion Token Hack Resolved
Holograph Hacker Arrested in Italy French and Italian authorities have arrested the suspects responsible for the Holograph hack on June 13th, according to an official announcement by Holograph via Twitter. Holograph, a hacked omnichain tokenization infrastructure, suffered a loss of $14.4 million after 1 billion HLG tokens were unlawfully issued due to an operator contract hack on June 14th. Holograph stated, "The arrests resulted in the freezing and seizure of significant assets and electronics. The hackers were arrested in Italy and will soon be extradited to France." This is a significant development in the Holograph hack case and hopefully signals a positive step toward reimbursement for affected users.
