Express

London High Court Orders Binance To Track Hackers Who Caused $2.6 Million In Crypto Losses

Mary Liu

Summary: According to Reuters, after the artificial intelligence (AI) company Fetch.ai claimed to be the victim of a $2.6 million hack, the London High Court has ordered Binance, one of the world’s largest cryptocurrency exchanges, to track, identify the hackers. In a judgment published this week, a high court judge approved Fetch.ai's request, asking Binance to take ...

According to Reuters, after the artificial intelligence (AI) company Fetch.ai claimed to be the victim of a $2.6 million hack, the London High Court has ordered Binance, one of the world’s largest cryptocurrency exchanges, to track, identify the hackers.

In a judgment published this week, a high court judge approved Fetch.ai's request, asking Binance to take steps to identify hackers and track and seize assets. 

Fetch.ai was incorporated in the United Kingdom and Singapore to develop artificial intelligence projects for blockchain databases, claiming that the hackers logged into their cryptocurrency accounts on the Binance Exchange on June 6 and have sold out a small portion of cryptos. 

By Mary Liu

Last Update:

Tags: ,
Link: London High Court Orders Binance To Track Hackers Who Caused $2.6 Million In Crypto Losses   [Copy]
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 3 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 9 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 12 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 13 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 16 days ago
  • You need to login to comment.