NFT Company Gets Restraining Order To Freeze Hacker’s Online Wallet – The Record By Recorded Future

A British investment company announced Tuesday that it had obtained a restraining order against an online wallet holding assets a hacker stole from it earlier this year.

NFT Investments — a business that, as its name suggests, works with small companies developing non-fungible tokens (NFTs) — revealed on January 12 it had lost $250,000 of assets in a cyberattack.

The company initially disclosed the incident through the London Stock Exchange’s (LSE) Regulatory News Service, as its shares are listed on the Aquis Stock Exchange Growth Market. It did not specify what kind of assets were stolen.

In an update again shared through the news service, NFT Investments said that following the attack it “immediately engaged its legal team in the US and succeeded in obtaining a temporary restraining order in Delaware.”

“As a result, the online wallet containing NFT Investments’ stolen assets is frozen, and the assets cannot be moved by the perpetrators,” the company said.

“There are a number of legal steps to be taken to allow the assets to be returned to NFT Investments and the Company is working with its lawyers to accomplish this,” the statement added.

Legal injunctions vary in their powers over cryptocurrencies and blockchain-based tokens, but have become an important technique to redress the cyber thefts and fraud that remain a recurrent feature of cryptocurrency systems and decentralized finance (DeFi) technology.

Bitcoin was originally designed to be resistant to any attempts to prevent currency transfers by a third party. But as the sector has matured, more-recognized entities have become as