London Court Orders Six Crypto Exchanges to Share Client Details to Assist in $10.7M Fraud Case

High Court-Backed Recovery: $10.7 Million Crypto Theft Case

Location: United Kingdom – London’s High Court Amount: $10.7 Million Year: 2020 – Present Fraud Type: Cryptocurrency theft from a UK-based exchange

Before:
In 2020, a U.K.-based cryptocurrency exchange suffered a major breach in which $10.7 million worth of digital assets was stolen. The stolen funds were quickly dispersed through multiple wallets and routed across several leading cryptocurrency exchanges worldwide — including Binance, Coinbase, Luno (a CoinDesk sister company), and Kraken — in an attempt to hide the trail.

The complexity of the case required both international cooperation and court-backed authority to trace the stolen crypto and identify the perpetrators.

Our Role at Capital Recovery Service:

Due to the sensitive nature of asset recovery, we never disclose personal or company identities without explicit consent.

Working alongside the victim exchange and their legal representatives, Capital Recovery Service leveraged its expertise in blockchain forensics and legal liaison to prepare the evidence required for court action. We provided transaction tracing reports, linked wallet addresses to exchange accounts, and submitted intelligence packages to support the legal claim.

After:
London’s High Court issued a landmark disclosure order requiring six major cryptocurrency exchanges Binance, Coinbase, Luno, Kraken, and two others  to reveal client information linked to the suspicious wallets.

This ruling was a crucial breakthrough, allowing investigators to connect the blockchain evidence with real-world identities. Armed with this data, recovery proceedings were initiated against the individuals involved, paving the way to freeze and reclaim substantial portions of the stolen funds.

Capital Recovery And Assets Services

Financial Loss and Assets

If you are a victim of cryptocurrency theft or fraud no matter how complex or global the case Capital Recovery Service can work with legal authorities to trace, identify, and recover your stolen assets.