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Home / Technology / The British court orders Bitfinex to double Bitcoin recipients worth $ 860,000

The British court orders Bitfinex to double Bitcoin recipients worth $ 860,000




The UK Supreme Court reportedly ordered Bitfinex to freeze Bitcoin BTC, a $ 860,000 cash flow that had passed through its platform on the way to ransomware hackers, and was victimized by a malware known as BitPaymer that locked computer systems and countered Bitcoin Exchange decryption tool.

After the systems were brought back online, the researchers tracked the funds to determine that some had been washed immediately, but 96 BTC ($ 860,000) had come to Bitfinex, probably for sale.

According to court records dated January 1

7, the British High Court requested Bitfinex (a company registered in the Virgin Islands) to provide details of the users involved in this Bitcoin transaction and block the funds if they are still available.

Since the case is still ongoing, Bitfinex is said to have neither confirmed nor denied compliance with the law. The company claimed it was assisting the authorities in tracking Bitcoin's inventory.

"In this case, we supported the applicant in the pursuit of the stolen [B] Itcoin and we understand that the applicant's attention is no longer focused on the Bitfinex platform," Bitfinex told New Money Review. "Bitfinex now appears to be a completely innocent party involved in this misconduct."

The insurance company's lawyer was still upset about the status of the Bitcoin in question pending further court hearings] earlier this month, Hard Fork reported that it was estimated that $ 1.4 billion in Bitcoin was related to illegal activities such as Ransomware was washed over the binance and Huobi cryptocurrency exchanges last year.

It is also not often that countries order third-party providers such as exchanges to block or freeze Bitcoin. However, a similar scenario emerged in 2018 when the U.S. Department of Justice declared interaction with Bitcoin addresses associated with two Iranian cybercriminals illegal. Published on January 28, 2020 – 15:48 UTC


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