Six Crypto Exchanges Request User Data Sharing to Track $1.7 Million Stolen Fund

According to the Financial Times, six crypto exchanges including Binance and Coinbase, Luno and Kraken will have to disclose user data to help in the recovery of $10.7million in stolen money from a unidentified UK-based exchange. According to the Financial Times, the High Court of London issued a court ruling requesting the data.
“This case is a significant step forward for those trying to recover assets that were fraudulently taken and then moved across borders.”
The UK is seeing an increase in cryptocurrency fraud. According to Action Fraud, the number of reported cases of cryptocurrency fraud is on the rise in the UK. We encourage you to do your own research before investing.Join us to keep track of news: coincu.comHaroldCoincu NewsTags: Action FraudBinanceCoinbasehackLunoUK