Bitfinex Freezes Criminal Assets in Bitcoins for $ 860,000 by Court Order A British court ordered the cryptocurrency exchange Bitfinex to freeze assets worth $ 860,000 in bitcoin. As the exchange and crypto-analytical company Chainalysis found out, they were associated with the activities of ransomware, reports New Money Review.

Bitfinex Freezes $ 860,000 Criminal Assets in Bitcoin by Court Order

A British court ordered the Bitfinex cryptocurrency exchange to freeze assets worth $ 860,000 in bitcoin. As the exchange and crypto-analytical company Chainalysis found out, they were associated with the activities of ransomware, reports New Money Review..

The insurance company of the victim of the attack, represented by an unnamed firm, paid the attackers $ 950,000 (109.25 BTC) and went to court. Some of the funds were withdrawn to fiat and became unavailable for further tracking, while 96 BTC went to the address controlled by Bitfinex.
Bitfinex Freezes Criminal Assets in Bitcoins for $ 860,000 by Court Order A British court ordered the cryptocurrency exchange Bitfinex to freeze assets worth $ 860,000 in bitcoin. As the exchange and crypto-analytical company Chainalysis found out, they were associated with the activities of ransomware, reports New Money Review.

The court ruled to freeze these assets and asked Bitfinex for the identity of the wallet owner. This is the first time that the High Court of England and Wales has agreed to treat bitcoin as property, according to New Money Review..

Chainalysis Director of Communications Maddie Kennedy said: “A leading cyber insurer used Chainalysis software to investigate a ransomware payment it made on behalf of a client to track the movement of funds from the ransom point to known services such as exchanges. ".

Initially, Bitfinex and its parent company iFinex served as defendants in the case. However, the exchange itself explained that it assisted the plaintiff in finding the assets and was not charged with any crime..

"Bitfinex uses a robust system to assist law enforcement and plaintiffs, as in this case," the company said. - As we understand it, the plaintiff's attention is no longer directed to the Bitfinex platform. Apparently, now Bitfinex is a completely innocent party involved in this offense ".
Bitfinex Freezes Criminal Assets in Bitcoins for $ 860,000 by Court Order A British court ordered the cryptocurrency exchange Bitfinex to freeze assets worth $ 860,000 in bitcoin. As the exchange and crypto-analytical company Chainalysis found out, they were associated with the activities of ransomware, reports New Money Review.

According to the court order, Bitfinex was supposed to transfer the attacker's data to the court by January 18, however, nothing was reported about the further actions of the exchange..

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