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UK High Court Orders Freeze on $1M of Bitcoin in Ransomware Case

Published 01/28/2020, 08:18 AM
Updated 01/28/2020, 10:02 AM
UK High Court Orders Freeze on $1M of Bitcoin in Ransomware Case

A United Kingdom High Court ordered a proprietary injunction on Bitcoin (BTC) obtained through a ransomware attack on a Canadian insurance company. A proprietary injunction is an order which prevents a person from dealing with their own assets when it is subject of a proprietary claim.

On Jan. 17, the UK High Court released documents concerning a ransomware attack, in which over 1,000 computers of the insurance company were rendered unusable through the use of malware that encrypted files, making them unaccessible. The unidentified attackers demanded $1.2 million in Bitcoin in exchange for decrypting the data.

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