Singapore courtroom authorizes freeze order hooked up to wallets as soulbound NFT

The Singapore Excessive Court docket has allowed monetary investigation agency Clever Sanctuary (iSanctuary) to connect nonfungible tokens (NFTs) containing a authorized doc to chilly wallets related to a hack, based on United Kingdom-based iSanctuary and native press accounts.

A court-issued worldwide freeze order was tokenized as soulbound NFTs and hooked up to the wallets in query. The NFTs won’t stop transactions with the wallets however will function a warning to counterparties and exchanges that the wallets had been concerned in a hack. As well as, iSanctuary claimed it has devised a method of monitoring funds leaving the wallets, because of the NFTs. The NFTs will probably be completely hooked up to the wallets.

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