Summary
Holograph is an omnichain tokenization protocol that enables cross-chain asset transfers, launched in 2022 by CXIP Labs with $6.5 million in seed funding. On June 13, 2024, a former technical contractor exploited admin-level access to the protocol's operator contract to mint 1 billion unauthorized HLG tokens worth approximately $14.4 million, crashing the token price by over 80%. Four suspects were subsequently arrested in Italy and extradited to France, where criminal proceedings are ongoing; approximately 80% of stolen tokens were reported recovered by law enforcement.
Connected Entities
1 entitiesTimeline(9 events)
2022-04-26
CXIP Labs unveils the Holograph omnichain NFT protocol and announces a $6.5 million seed round led by Courtside Ventures and Wave Financial, with celebrity participation from Vaynerfund and Diplo.
2024-05-25
HLG token reaches its all-time high of approximately $0.0279.
2024-05-18
Alleged attacker funds the Holograph operator contract approximately 26 days before the exploit, beginning preparations for the attack.
2024-06-13
At 09:47 UTC, former contractor exploits the Holograph operator smart contract to mint 1 billion unauthorized HLG tokens across nine transactions. HLG token price collapses over 80% within nine hours. Holograph patches the exploit and contacts law enforcement.
2024-06-13
On-chain investigators identify wallet acc01ade.eth as linked to the exploit; a GitHub profile and X account matching the alias describe a 'super shadowy coder' based in Paris.
2024-06-19
Holograph announces the HLG Burn Plan targeting removal of 1 billion tokens to restore original supply, and a long-term security partnership with Halborn. First burn of 53 million HLG executed.
2024-08-09
Italian police arrest four suspects in their thirties across Italy, with two subject to European Arrest Warrants issued by French authorities. Suspects are remanded to Salerno prison pending extradition to France.
2024-08-15
Multiple news outlets report the arrests. Europol, France's Office for the Prevention of Cybercrime, the Italian Directorate of Anti-Mafia Investigations, and the Royal Cayman Islands Police Service confirm involvement in the investigation.
2025-07-11
The Cayman Compass reports that French cyber investigators have traced the $14 million theft to a Cayman-registered victim entity, confirming the inside-job characterization and noting that criminal proceedings in France are continuing.
Decision Log
- hash: 7SiJ31td5wU8epTa7dD4MSmpbcjWKcQLcPY9vAYCcMSQ
This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:31 AM
last updated: 5/28/2026, 3:59:54 AM
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