January 28, 2020 A U.K. court orders Bitfinex to freeze $865,000 worth of bitcoin linked to a ransomware payout.

In a ruling endorsing bitcoin as property, the U.K. England and Wales High Court (Commercial Court) ordered Bitfinex, a major cryptocurrency exchange, to share KYC information and freeze the platform address containing bitcoin traced to a ransomware payment. Chainalysis software was used by the insurer of the unnamed firm targeted by the ransomware attack to trace the payment flow and ultimately support the court’s decision.