Singapore Court Approves Financial Investigation Firm’s Use of Legal Document NFT to Mark Hacked Accounts

Singapore High Court has allowed financial investigation company Intelligent Sanctuary (iSanctuary) to attach NFTs containing legal documents to cold wallets related to a hacker incident. The NFTs will not prevent transactions with these wallets, but will serve as a warning to counterparties and exchanges that these wallets have been involved in a hacker incident.

In addition, iSanctuary claims to have designed a method to track funds leaving these wallets, also achieved through the use of these NFTs, which will be permanently attached to these wallets.

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