In a judgment made public this week, a High Court judge granted requests by artificial intelligence company Fetch.ai for Binance to take steps to identify the hackers and track and seize the assets.
"We can confirm that we are helping Fetch.ai in the recovery of assets," a Binance spokesperson said. Binance, which has an opaque corporate structure, has faced intense regulatory scrutiny amid a worldwide crackdown on cryptocurrencies over concerns that such exchanges could be used for money laundering or to allow consumers to fall victim to scams or runaway bets.Binance has said it is committed to complying with appropriate local rules wherever it operates and has expanded its international compliance team and advisory board.
Fetch.ai, which is incorporated in England and Singapore and develops AI projects for blockchain databases, alleges fraudsters hacked their way into its cryptocurrency accounts on the Binance exchange on June 6.
Why is getting involved in this this? How/was their network affected?
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: HuffPostWomen - 🏆 27. / 68 Read more »