"Hong Kong Court Freezes Criminal's Wallet Virtual Assets Using Tokenization Technology"
Minseung Kang
Summary
- The Hong Kong court reportedly froze a criminal's virtual asset wallet using tokenization technology.
- This technology controls assets by delivering a message to a smart contract or wallet address.
- The media added that this case is likely to set a precedent for law enforcement in other countries as well.
A Hong Kong court has reportedly frozen virtual assets stored in a criminal's cryptocurrency wallet.
On the 25th, the South China Morning Post (SCMP) reported, "The Hong Kong court successfully froze assets related to a fraud case using tokenization technology." It is presumed that this asset freeze was carried out by delivering a message to a smart contract or wallet address, rather than through the wallet operator.
The media added, "This case is likely to set a precedent for law enforcement not only in Hong Kong but also in other countries."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.![Dow Tops 50,000 for First Time Ever as “Oversold” Narrative Spreads [New York Stock Market Briefing]](https://media.bloomingbit.io/PROD/news/1c6508fc-9e08-43e2-81be-ca81048b8d11.webp?w=250)
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