Infini file law

Infini has taken legal measures against a developer and other unknown individuals linked to a $ 50 million penetration.

The company sent a legal notice on the series, and warned the accused to appear before the court or face the consequences.

Legal notice was issued on the series

On February 24, several Blockchain security platforms reported a suspected security violation on Infini, which led to a loss of about $ 49.5 million in Usdc.

Initially, the accident was classified as an attack on piracy, but Cyvers Alert revealed that the developer who was previously working in Infini was responsible for theft. Stablecoin source also confirmed that stolen money has been transferred from a multiple portfolio to the personal developer account.

After this occurrence, the parent company Infini, BP SG Investment Hold Limited, filed a lawsuit in Hong Kong, and the court issued a judicial order against the governor that carries stolen money.

Then the company used an unconventional but effective way to serve legal documents via A message on the series. The notice was made to the defendants, including the developer Chen Shakswan and three other unidentified people, who are allegedly able to reach a specific portfolio linked to the theft.

“The specified encryption assets preserved in the programmer’s wallet, the first layer wallet, and/or the second layer portfolio, including, but not limited to the assets that are followed from the plaintiff’s money, are subject to up to 49,516,662.977 USDC, and are subject to continuous legal beatings and calms down in nature.”

He also stressed that anyone who later receives stolen money will not receive any legal protection, even as a good buyer. The defendants must now attend a hearing on March 27 or risk more legal procedures.

Before going to court, Infini made several attempts to restore her stolen assets. In one message on the series, the new digital bank only revealed that it was cooperating with stock exchanges and security agencies to identify the suspects.

In another message, the company urged the accused to return 80 % of the looted money to the Cobo Custodian wallet. On the other hand, I promised to stop all the tracking efforts and ensure that it is not faced with any consequences. However, despite the evidence that was collected against them and the offers presented to them, the accused remained silent, which prompted Anfini to move forward in legal measures.

New legal limits

This issue is not the first time that Hong Kong has used Blockchain technology to serve legal requests. Earlier this year, it was reported that a court in the private administrative area was marking many of the suspects suspected of Taroun with the “digital police tape”. This means that anyone who deals with a noticeable portfolio will actually violate criminal laws.