Tuesday 28 January 2020
The UK’s high court has reportedly ordered cryptocurrency exchange Bitfinex to freeze $860,000 worth of Bitcoin that had flowed through its platform en route to ransomware hackers. The funds were part of $1.2 million paid by a Canadian insurance company that had fallen victim to a malware strain known as BitPaymer, which locks computer systems and demands Bitcoin in exchange for a decryption tool. Once systems had been brought back online, researchers tracked the funds to find some had immediately been laundered, but 96 BTC ($860,000) had made its way to Bitfinex, presumably to be sold. According to court documents published…
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