<ul><li>iSanctuary wins permission to serve a Worldwide Freezing Order by NFT from
 a Singapore court in a legal-first for the country.</li>
 <li>iSanctuary partners with Mintable to create the unique NFTs.</li>
 <li>iSanctuary introduce IP (pending) processes to ensure legal service is
 satisfied.</li>
 
 
 Late on a Sunday evening iSanctuary investigators and analysts were contacted by
 a businessperson who had been defrauded of in excess of $3m in crypto assets
 following an investment meeting.
 
 
 Recognising time is critical as crypto assets are moved in seconds – an hour in the
 crypto world can be a month in conventional financial transactions. iSanctuary crypto
 investigator started the onchain investigation, within 6hrs 95% of the stolen assets
 were located. The funds had been dissipated across several private wallets along
 with wallets held on Centralised Crypto Exchanges across the globe. iSanctuary
 investigators immediately placed in writing the Centralised Exchanges on notice of
 the crime. Lawyers were instructed.
 
 
 Over the days that followed an expert report, part of the iSanctuary proprietary
 REKTify process was prepared detailing the current location of the funds, ensuring
 the client was continuously advised on where efforts should be concentrated for the
 most likely success in returning their stolen crypto. In parallel iSanctuary Open-
 Source Intelligence (OSINT) experts were conducting offchain investigations,
 identifying potential suspects and their locations. iSanctuary management liaised
 with the police to ensure the civil and criminal action to track, freeze and ultimately
 return the stolen funds and hold the culprits accountable was complementary. The
 on chain and off chain evidence was presented by an iSanctuary senior investigator
 to the Singapore High Court and the worldwide injunction, a first issued by that court,
 was granted.
 
 
 iSanctuary financial and crypto investigators identified a series of cold wallets
 holding the proceeds of the crime and their method of service via NFT was accepted
 by the court. iSanctuary partnered with Mintology, a world leading NFT provider, and
 having set out the specific legal requirements for the NFT, SoulBound tokens were
 minted meaning they could not be transferred or moved and later utilising iSanctuary
 proprietary methodology for service. The use of SoulBound tokens, understood to be
 a first, meant the NFT was non-transferrable and permanently attached to the cold
 wallets. iSanctuary crypto investigators then designed a process to ensure
 transactions out of the cold wallets were tracked and once the funds appeared on a
 centralised exchange the exchange was placed on notice; this process is critical to
 prevent dissipation.
 
 
 The case continues.
 
 
 For more info on REKTify please <a href="/contact" class="text-grey-is">get in touch</a>.

REKTify: Identifying millions in stolen cryptocurrency.