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High Court assists alleged victim of crypto-theft to seek recovery
December 08, 2022
In LMN v Bitflyer Holdings Inc and others [2022] EWHC 2954 (Comm), the High Court granted powerful ‘information orders’ under the court’s Norwich Pharmacal and Bankers Trust jurisdiction against cryptocurrency exchanges that are competitors to the claimant-applicant LMN. The court orders require these exchanges to provide LMN detailed customer information (including Know Your Client information), in aid of LMN’s efforts to recover $10.7 million worth of misappropriated cryptocurrency.