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In a significant development, several therapies have been made in connection with the Holograph attack that took place on June 13, 2024. The arrests were made after an intensive two-month investigation by the French Office of Cybercrime Prevention (OFAC) in collaboration with several international organizations, including Europol, Italy’s Anti-Mafia Directorate and the Royal Cayman Islands Police Service (RCIPS).
Details of the Holograph Investigation and Arrests
The suspects, whose identities are not being disclosed due to the ongoing events of the investigation, were apprehended in Italy with significant assistance from French guests. These schemes represent an important step towards bringing justice to the victims of the Holograph attacks. Significant assets and electronic devices related to the case have also been frozen and seized. The suspects are expected to be extradited to France soon, where they will face charges.
Holograph Hack Attack
The Holograph attack is a complex attack pattern on the protocol, a blockchain token platform in the Omnichain ecosystem. On June 13, a malicious actor used the protocol’s operator contract to mint 1 billion native Holograph (HLG) tokens worth $14.4 million using a proxy budget. The attack caused a drop in the value of HLG, which fell by almost 80% in nine hours, from $0.014 to $0.0029.
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Following the attack, Holograph, a blockchain research firm used by Halborn, launched an extensive investigation. The investigation revealed the involvement of a “disgruntled former contractor.” Holograph later released a detailed death report on July 2, shedding light on the techniques used in the attack.
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