Singapore High Court Approves iSanctuary's Use of NFTs for Financial Investigations

In a legal first for Singapore, the High Court has granted permission to UK-based financial investigation firm Intelligent Sanctuary (iSanctuary) to use nonfungible tokens (NFTs) in tracking and freezing assets related to a hack. The NFTs, created in partnership with Mintable, will serve as a warning to counterparties and exchanges and enable real-time tracking of transactions from the compromised wallets.

• by Jessie A Ellis
• Oct 21, 2023