In early June, hackers stole $ 2.6 million worth of Fetch.ai tokens from accounts on the Binance exchange. Now a London court has ordered exchange specialists to track the burglars.
According to a ruling from the Royal Court of London, Binance must identify the hackers and recover the stolen assets. According to the lawyers of Rahman Ravelli, representing the injured party, Binance has already started tracking funds and specialists have managed to recover some of the stolen tokens.
“We need to dispel the myth that crypto assets are anonymous. In reality, such assets can be tracked and returned. We worked with Binance and local law enforcement in advance to get information on the hacker. A court order to obtain this information is a standard process, ”said lawyer Syedur Rahman.
Binance representatives have confirmed that they are working on tracking and refunds. However, the exchange may ask Fetch.ai to provide evidence of the hack before returning the tokens.
Earlier in Britain, the Crypto Fraud and Asset Recovery (CFAAR) organization appeared, which included lawyers and experts in cryptocurrencies. CFAAR aims to help investors recover funds stolen by cryptocurrency scammers.
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