Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    image 106
    CryptoMarketNewsSponsored Article

    Ponke’s Climbing, ANDY’s Crashing – MoonBull Is the New Meme Coin to Watch With Limited Whitelist Spots Left!

    The market always seems to be one step ahead. Just as traders…

    By
    Benedikt Krüger
    July 10, 2025
    Image fx 37
    CryptoMarketNews
    Gold Could Hit $5K: TKL Analyst Warns of Inflation Surge as Fed Hesitates
    July 10, 2025
    Image fx 36
    CryptoMarketNews
    Trump Sparks Crypto Surge with Bold Fed and Trade Remarks
    July 10, 2025
    image 94
    CryptoMarketNewsSponsored Article
    Top 3 Cryptos in July 2025: Alpha Hunters Are Circling This Whitelist-Only Gem
    July 10, 2025
    Trump Jr. Buys Into Bitcoin-Heavy Startup—Trendsetter or Red Flag?
    NewsBitcoinCrypto
    Trump Jr. Buys Into Bitcoin-Heavy Startup: Trendsetter or Red Flag?
    July 10, 2025
  • Cryptocurrency
    image 106
    Ponke’s Climbing, ANDY’s Crashing – MoonBull Is the New Meme Coin to Watch With Limited Whitelist Spots Left!
    9 Min Read
    Image fx 37
    Gold Could Hit $5K: TKL Analyst Warns of Inflation Surge as Fed Hesitates
    4 Min Read
    Image fx 36
    Trump Sparks Crypto Surge with Bold Fed and Trade Remarks
    3 Min Read
    image 94
    Top 3 Cryptos in July 2025: Alpha Hunters Are Circling This Whitelist-Only Gem
    7 Min Read
    Trump Jr. Buys Into Bitcoin-Heavy Startup—Trendsetter or Red Flag?
    Trump Jr. Buys Into Bitcoin-Heavy Startup: Trendsetter or Red Flag?
    6 Min Read
    XRP Price Prediction: How $2.65 Breakout Could Be the Launchpad to $6
    XRP Price Prediction: How $2.65 Breakout Could Be the Launchpad to $6
    7 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: Holograph Hack Suspects Arrested by EU Authorities
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > Holograph Hack Suspects Arrested by EU Authorities
News

Holograph Hack Suspects Arrested by EU Authorities

Holograph Hack Suspects Arrested by EU Authorities
Holograph Hack Suspects Arrested by EU Authorities
Amaya Solís
Last updated: August 16, 2024 11:05 am
By
Amaya Solís
Published August 16, 2024
5 Min Read
Share

European authorities have made multiple arrests in connection with the infamous Holograph hack. The hack, which involved the theft of one billion Holograph (HLG) tokens valued at approximately 13 million euros (around $14.4 million), rocked the cryptocurrency world in June. The omnichain tokenization platform behind Holograph revealed the arrests in a well-detailed post on X on August 14, marking a critical moment in the ongoing investigation.

Contents
International Cooperation Leads to Arrests on the Holograph HackImpact on the Token and CommunityHope for Recovery
Holograph Hack Suspects Arrested
Holograph Hack Suspects Arrested

The Holograph hack saw the platform’s operator contract exploited, leading to the minting of a billion HLG tokens using a proxy wallet. This brazen theft led to a dramatic 80% drop in the token’s value, leaving investors and the platform reeling. However, with the latest developments, there is renewed hope that justice will be served.

International Cooperation Leads to Arrests on the Holograph Hack

The arrests are the result of a coordinated effort by several European law enforcement agencies. The Office for the Prevention of Cybercrime and the Brigade de Répression du Banditisme in France spearheaded the investigation, with crucial support from Europol, Italy’s Directorate of Anti-Mafia Investigations, and the Cayman Islands police. According to Holograph, these agencies worked tirelessly to track down those responsible for the hack.

Holograph Hack Suspects Arrested
Holograph Hack Suspects Arrested

Reports from the French publication Le Parisien describe the suspects as Eastern Europeans in their 30s. They were apprehended in Italy and are currently awaiting extradition to France. During the arrests, authorities seized electronic devices and froze funds belonging to the suspects, further tightening the noose around those involved in the Holograph hack.

This development is a testament to the importance of international collaboration in combating cybercrime. The Holograph hack, with its cross-border implications, required a coordinated response from multiple jurisdictions, and the successful arrests highlight the effectiveness of such cooperation.

Impact on the Token and Community

The Holograph hack had a devastating impact on the platform and its community. Following the attack, HLG’s value plummeted, with the token trading as low as $0.0029. The incident shook investor confidence, and the platform faced a steep uphill battle to regain trust and stabilize its token’s value.

In the aftermath of the Holograph hack, the platform released a post-mortem report, detailing the events leading up to the theft. The report identified a disgruntled former contractor as the mastermind behind the attack. This individual allegedly used their administrator access to inject malicious code into the platform’s smart contract, which they then executed on June 13, resulting in the massive token theft.

Holograph Hack Suspects Arrested
Holograph Hack Suspects Arrested

Despite the severe blow dealt by the Holograph hack, the platform has since implemented rigorous operational risk controls to prevent similar incidents in the future. These measures are part of Holograph’s broader effort to rebuild trust and ensure the security of its platform moving forward.

Hope for Recovery

As the investigation into the Holograph hack continues, the recent arrests offer a glimmer of hope for recovery. With the suspects in custody and awaiting trial, there is a strong possibility that justice will be served, and the stolen funds may eventually be recovered.

The Holograph hack is a stark reminder of the vulnerabilities that exist in the digital asset space. However, it also highlights the resilience of the cryptocurrency community and the importance of robust security measures. As Holograph moves forward, the lessons learned from this incident will undoubtedly shape its future approach to security and risk management.

In conclusion, the Holograph hack has been a significant chapter in the platform’s history, but the story is far from over. The recent arrests mark a critical turning point, bringing those responsible to justice and offering a chance for the platform to rebuild. Stay connected to DeyThere for all the latest updates on this developing story and other breaking news in the world of cryptocurrency.

Advertising

For advertising inquiries, please email . [email protected] or Telegram

Super Trump Coin: Donald Trump’s Crypto Surge Sees 7% Growth Amid Election Excitement

Hong Kong Proposes Tax-Free Gains for Crypto Investors

CFTC Partners to Combat Crypto Fraud: Focus on “Pig Butchering” Scams

ChatGPT’s Bitcoin Prediction: Pathways to $100,000!

Exploring the Surge of Solympics A Week of Competitive Gains

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByAmaya Solís
Amaya Solís is a blockchain and cryptocurrency expert with 8 years of experience in the industry. With a background in computer science and a focus on distributed ledger technologies, Amaya has been a key contributor to several blockchain initiatives, ranging from the development of secure blockchain networks to the creation of decentralized financial systems. Her expertise includes blockchain scalability, smart contracts, and the application of blockchain technology in various sectors. At DT NEWS, Amaya shares her extensive knowledge of the global blockchain and cryptocurrency markets, offering readers insights that help them navigate this rapidly evolving space.
Previous Article MoonBag Marking its Position with the Top Meme Coins Presale, Toshi and Solana Progressing with Price Increase and Growth MoonBag Marking its Position with the Top Meme Coins Presale, Toshi and Solana Progressing with Price Increase and Growth
Next Article Eric Trump Teases Digital Real Estate Project Amid Crypto Speculation Eric Trump Teases Digital Real Estate Project Amid Crypto Speculation
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
FacebookLike
XFollow
YoutubeSubscribe
TelegramFollow
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad image
Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
  • Sitemap
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English