cover_20220817

2022-08-17

【Offshore Companies】

BVI: Court grants worldwide injunction in crypto-asset fraud case

The High Court of Justice of the British Virgin Islands’ commercial division has for the first time granted a worldwide freezing order over assets held by persons unknown in relation to crypto-asset fraud. The ruling in the ChainSwap case, which permits the company to serve the respondents outside the jurisdiction by alternative methods, follows similar decisions in other jurisdictions. ChainSwap was hacked twice in July 2021 by criminals who diverted cryptocurrency from recipient wallets to private wallets that they controlled and then minted unlimited new tokens and redirected them to their private wallets.


News Source:【Maple 2022/05/10】

  Back to News