The Paris Criminal Court has sentenced a former Holograph Foundation employee to 5 years in prison (2 years served, 3 years suspended) for manipulating token-minting conditions in 2024 to illegally mint 1 billion HLG tokens (valued at approximately $14 million), before conspiring with two accomplices to launder the stolen funds through cryptocurrency exchanges. The two accomplices received suspended or partially suspended sentences and were ordered to pay fines of €80,000 and €40,000, respectively. The court dismissed the Holograph Foundation's claim for damages regarding the token price drop, citing insufficient evidence of direct causality.