Thursday, January 30, 2020

U.K. Court Orders Bitfinex to Freeze $860,000 Worth of Bitcoin Linked to Ransomware Attack Published by Kapil Gauhar olleux.io Jan 30, 2020 02:30nbspUTC | Updated: Jan 30, 2020 at 02:39nbspUTC BynbspKapil Gauhar The Royal Courts of Justice has ordered Bitfinex to freeze $860,000 worth of Bitcoin after the exchange and blockchain sleuthing firm , Chainalysis traced the funds towards a ransomware. As indicated by a filing published last week by the England and Commercial Court, the victim of the payment attack had paid approximately $950,000 in BTC to a perpetrator via an insurance firm. The court ordered Bitfinex to freeze the wallet address and share its KYC data of the account’s owner. Where some of these funds were changed to fiat currency and are not traceable, $861,200 worth BTC were sent to a Bitfinex address.

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