bitcoin (BTC) and cryptocurrencyThe increasing adoption of cryptocurrencies is increasing the use of crypto while making it the target of fraud crimes.
In this context, a new decision has been made by the court regarding a fraud case of 10.7 million dollars that occurred in the UK in 2020.
London’s High Court is looking to help find $10.7 million stolen from a UK-based exchange in 2020. to cryptocurrency exchange decided to disclose customer information.
The world’s largest cryptocurrency exchange among these cryptocurrency exchanges Binance, coinbase, Luno and Kraken exists.
The stock market, whose funds were stolen after the fraud event in 2020, managed to find the trace of $ 1.7 million.
It was found that $1.7 million was distributed to 26 accounts on six offshore crypto exchanges.
After the court’s decision, Syedur Rahman, partner of the law firm Rahman Ravelli, representing the UK-based stock exchange, made a statement.
“The UK Supreme Court ruling on cryptocurrency exchanges is a huge step forward for those trying to reclaim fraudulently acquired assets that were moved across borders.
This decision is tangible proof of the value of the change to Implementation Directive 6B and the possibilities it offers to anyone faced with the task of tracing and retrieving what is theirs.”
After such fraudulent events, the UK took new measures for foreign companies to track the stolen funds. Within the scope of these measures and the court’s decision, crypto money exchanges have to deliver the documents in question.
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