A federal court in the Southern District of New York has issued a preliminary injunction against the use of Bitcoin SV generated during the July reorganisation attack. According to the order, the group of alleged hackers is barred from selling, transferring, or otherwise dealing with the cryptocurrency. The identities of the assailants have been redacted from public court filings. They did not appear in court.
The plaintiff is the owner of GBM Global Holdings, the parent company of the BitMart cryptocurrency exchange.
On July 8, the Bitcoin SV network was subjected to a a reorganisation attack. BitMart discovered coins created as a result of the attack and froze 92 addresses, believed to belong to the attackers.
Platform representatives say they identified fraudulent transfers ‘to at least eight other exchanges, including Binance, Huobi, OKEx and KuCoin,’ as well as ‘two transactions with BitMart’s New York clients.’
According to GBM, the attack was orchestrated by Chinese hackers. The actions affected ‘at least 43 users’.
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