LONDON (Reuters) – London’s High Court has ordered Binance, one of the world’s largest crytocurrency exchanges, to identify hackers and freeze their accounts after one of its users said it was the victim of a $2.6 million hack.
In a judgment made public this week, a High Court judge granted requests by artificial intelligence (AI) company Fetch.ai for Binance to take steps to identify the hackers and track and seize the assets.
While involving a relatively small sum, the case is one of the first public ones involving Binance and will be a test of the English court system’s ability to tackle fraud on cryptocurrency platforms.
“We can confirm that we are helping Fetch.ai in the recovery of assets,” a Binance spokesperson said.
“Binance routinely freezes accounts that …
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Source: https://datafloq.com/read/london-court-orders-binance-trace-cryptocurrency-hackers/17111
