August 19, 2024 at 12:36PM
Italian police arrested four suspected hackers, responsible for stealing $14 million worth of cryptocurrency from Holograph, a blockchain tech firm. The individuals were living luxuriously in Italy for weeks before their capture. Law enforcement, working with French authorities, tracked the group’s lavish lifestyle, leading to the arrest of two suspects and the seizure of crypto wallet keys, electronic devices, and other evidence.
From the provided meeting notes, it can be summarized that suspected hackers responsible for the theft of $14 million worth of cryptocurrency from Holograph, a Cayman Islands-based blockchain tech firm, have been arrested in Italy. The hackers had been living a lavish lifestyle in Italy, which led to their arrest after being tracked by law enforcement in cooperation with the French National Police. Two of the four individuals have been arrested and are awaiting extradition to France. The police operation resulted in the seizure of cryptocurrency wallet keys, codes, ledger keys, and electronic devices belonging to the cybercriminals. It is presumed that the stolen funds will be returned to Holograph now that the authorities have access to the crypto wallets holding the proceeds. Subsequently, following the news of the arrests, the price of Holograph’s own token, HLG, has rebounded, although its current value is still lower than pre-hack levels.