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Mintable Develops Non-Fungible Token To Recover Stolen Cryptocurrency

Published:

The Singapore-based non-fungible token marketplace Mintable today announced that it has revolutionized the tracking of billions of stolen cryptos by launching innovative NFTs Soulbound that can recover stolen cryptocurrency assets.

Recently, Mintable, a firm that aims at expansion and innovation in the NFT space created a unique NFT which investigators have used to track down millions of dollars in stolen cryptos.

READ ALSO:“Building Your Brand and Bank Account: A Man’s Guide to Success on OnlyFans”

With the assistance of these new innovative NFTs, investigators can now identify the stolen cryptos.

Moreover, this latest NFT carries a WFO (World Freezing Order) given by the Singapore High Court. This marks a significant development within the legal structure of the Southeast Asian city-state.

Fast Facts

  • These non-fungible tokens were commissioned by a London-based financial investigation company, iSanctuary (Intelligent Sanctuary).
  • Intelligent Sanctuary has successfully identified, traced, and found stolen crypto assets after a remarkable fraud case.
  • Due to the complex digital nature of the stolen crypto assets, an application was filed to the Singapore court to permit the use of a World Freezing Order (WFO) in the form of a non-fungible token that can identify cryptos publicly anytime there is an attempt to exchange, transfer, or spend stolen cryptos.
  • During an official press release, iSanctuary Advisory Board representatives emphasized the need for innovation in forensic investigation.
  • Furthermore, they said that this new partnership displays the power of using innovative methods to tackle complex crimes. Also, they highlighted the importance of law enforcement and organizations being one step ahead of the ever-changing criminal methods.
  • Meanwhile, the Intelligent Sanctuary is working jointly with Mintology. app, which is a Mintable B2B service brand for an international investigation of financial crimes which is still ongoing.
  • This investigation is related to the theft of a particular crypto password which is popularly referred to as a private key as well as the following fraudulent transfer of millions of crypto coins into personal wallets.

What’s Happening In Crypto Today?

As of the time of this writing, the price of Bitcoin is at $28,368.61, with a decrease in market cap by 0.17% and a decrease in trading volume by 44.53%.

On the other hand, Ethereum is right now trading at $1,579.57, with a decline in market cap by 0.17% and a drop in trading volume by 36.06%.

  • While, the price of XRP at the moment is at $0.4903, with a drop in market cap by 0.31% and a decrease also in trading volume by 29.35%.
  • On the side of USD Coin, it is presently selling at $1.00, with a slight increase in market cap by 0.28% and a drop in trading volume by 33.07%.
  • Meanwhile, Solana is at this moment changing hands at $23.84, with a decline in market cap by 1.13% and a decrease also in trading volume by 44.28%.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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