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With tech to hunt down hackers, cryptocurrency heists just got harder

A New York court case shows how law enforcement agencies can use tech platforms to bring cybercriminals to book, reports Shivani Shinde

Photo: Bloomberg

In January this year the Liechtenstein Cryptoassets Exchange (LCX) was hacked and almost $8 million worth of cryptocurrency was stolen from its hot wallets. Photo: Bloomberg

Shivani Shinde
How many times have we heard that a hacker has been caught for their cybercriminal activities? For that matter, how often do we come across reports that legal notices have been sent to anonymous hackers who have siphoned off millions through ransomware or some such means?

Earlier this month, for the first time ever, an anonymous hacker was served with a restraining order as a non-fungible token (NFT). Not only was the hacker’s wallet frozen, but all other wallets that they had moved the funds to have also been frozen.

Why this is important becomes clear when you consider that according to

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First Published: Jun 26 2022 | 7:08 PM IST

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