Holograph
Last changed 2026-10-10 · Score recalculated — Rescored under Scoring v2, the published formula (avoid.net/scoring): 28 → 58. Problems weighed by who is responsible: incidents the subject suffered −12.8, concerns that are not fraud −3.2, problems around the subject, caused by others −2.4; legitimacy credit long-running +6, regulated +5. Version history →
Why this score
| Every page starts at | 65 |
| Concerns that are not fraud | -3.2 |
| Incidents it suffered (e.g. hacks) | -12.8 |
| Problems around it, caused by others | -2.4 |
| Long-running | +6 |
| Regulated | +5 |
| Sum | 58 |
Score: 58/100 (kept between 0 and 100)
How scoring works →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
4 entities · 60 linked investigations- Holograph→mentioned with→Ethereum(60%)
- Holograph→mentioned with→Tether(60%)
- Holograph→mentioned with→Mantle(75%)
- Mantle→mentioned with→Ethereum(80%)
Timeline(9 events)
26 April 2022
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.
25 May 2024
HLG token reaches its all-time high of approximately $0.0279.
18 May 2024
Alleged attacker funds the Holograph operator contract approximately 26 days before the exploit, beginning preparations for the attack.
13 June 2024
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.
13 June 2024
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.
19 June 2024
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.
9 August 2024
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.
15 August 2024
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.
11 July 2025
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
- slot 455364094 · hash GDc9sxjxBRVj5MRS6ixqaNEtQhBreyJdrsodqFUvRuAd
- slot 422643184 · hash 7SiJ31td5wU8epTa7dD4MSmpbcjWKcQLcPY9vAYCcMSQ
This investigation is cryptographically anchored to the Solana blockchain (2 decisions). 19 of 22 cited source URLs have an Internet Archive snapshot.
model: claude-sonnet-4-6
generated: 5/4/2026, 2:54:31 AM
last updated: 10/10/2026, 6:44:26 PM
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