Dutch court orders Binance to disclose fraudster’s details
Date: 2024-11-11 Author: Henry Casey Categories: BUSINESS, IN WORLD
The scammer kept in touch and convinced her to invest in cryptocurrency. Unaware of the scam, the woman transferred €186,000 in six transactions, believing she was transferring the funds to a trusted platform. However, it soon became clear that her money had disappeared along with the scammer.
In August, the victim contacted the police and asked for help from DataExpert, a company that specializes in investigating crimes involving digital assets. Experts found that part of the stolen funds were transferred to an account at Binance. The woman asked Binance to freeze the scammer’s account and provide his personal details. Binance agreed to freeze the account, but refused to disclose information about the owner without a court order.
The court in The Hague acknowledged that the woman’s financial losses were significant and ruled in her favor. The exchange is now required to disclose the account holder’s full name, address, and a statement of assets within two weeks. The judges noted that the victim had no other way to identify the scammer, and the seriousness of the harm caused to her justified the breach of privacy.
According to the Canadian Anti-Fraud Centre and the Investment Regulatory Authority of Canada, crypto scammers are increasingly using dating tactics and “pig slaughter” to gain people’s trust and convince them to invest in dubious crypto projects.
