Singapore Court Allows Soulbound NFTs Attachments
The Singapore High Court has authorized financial investigative startup Intelligent Sanctuary (iSanctuary) to attach non-fungible tokens (NFTs) with a legal document to cold wallets associated with a hack. The court’s worldwide freezing order was tokenized as soulbound NFTs and will serve as notification to counterparties and exchanges that the wallets were engaged in the hack.
The Straits Times reports that the case concerns a stolen private key and that Singapore-based crypto exchanges were engaged in the heist, which was reportedly carried out by Singapore-based criminals. The case appears to have spread to Spain, the United Kingdom, and other European countries.
Singaporean NFT studio Mintable has created NFTs called Mintology, which enable iSanctuary to track stolen funds leaving wallets. The case involves stolen crypto assets, with Singaporean and multiple countries’ crypto exchanges suspected of laundering the funds.
(With inputs from Shikha Singh)
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