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According to a Friday Reuters report, the Royal Courts of Justice in London has ordered Binance to identify the hackers and seize the stolen assets. Fetch.ai reportedly London’s High Court is ordering major crypto exchange Binance to track down and freeze the accounts of crypto hackers behind an alleged $2.6-million security London's High Court has ordered Binance, one of the world's largest cryptocurrency exchanges, to identify hackers and freeze their accounts after one user said it London's High Court has ordered six cryptocurrency exchanges, which includes Binance, Coinbase, Luno and Kraken, to disclose client information to help trace London’s High Court has ordered Binance, the world’s largest crypto exchange, to identify and freeze the accounts of hackers involved in an alleged $2.6 million Leading cryptocurrency exchange Binance has received orders from the UK High Court to take steps against hackers who reportedly stole $2.6 million worth of crypto. 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

London High Court Orders Binance to Hunt Down and Seize Crypto Hackers' Assets

In a landmark ruling, London's High Court has ordered Binance, the world’s largest crypto exchange, to take decisive action against crypto hackers. The order, made public this week, mandates Binance to identify the hackers and seize the stolen assets, following an alleged $2.6 million security breach. This comes in response to a request from artificial intelligence (AI) company Fetch.ai, who were reportedly victimized by the theft.

According to a Friday Reuters report, the Royal Courts of Justice in London has issued the order, demanding Binance identify the hackers involved in the theft from Fetch.ai. This action underscores the increasing scrutiny and legal pressure on cryptocurrency exchanges to protect users and combat illicit activities.

The urgency of the situation is reflected in the scope of the order. London’s High Court is ordering Binance to track down and freeze the accounts associated with the perpetrators of the alleged $2.6-million security breach. This swift response aims to prevent the further dissipation of the stolen funds.

This isn't an isolated incident. London's High Court has ordered several cryptocurrency exchanges, including Binance, Coinbase, Luno, and Kraken, to disclose client information to aid in tracing stolen cryptocurrency. This collective action signifies a concerted effort by the UK legal system to hold exchanges accountable for combating crypto-related crime.

Leading cryptocurrency exchange Binance has received orders from the UK High Court to actively participate in the recovery of the $2.6 million worth of crypto reportedly stolen. The judgment grants Fetch.ai the authority to pursue legal action against those responsible.

The High Court’s order emphasizes the responsibility of cryptocurrency exchanges to implement robust security measures and cooperate with law enforcement in cases of theft. As the crypto landscape evolves, this ruling sets a precedent for future legal battles involving digital asset security and recovery.

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