<p>A UK court has ordered Binance to trace cryptocurrency hacked from one of its users, Fetch.ai, according to an <a href="https://www.rahmanravelli.co.uk/assets/Uploads/df4e7e4f35/Fetch.ai-Limited-Anor-v-Persons-Unknown-Category-A-Anor-15-07-21JUD-1.pdf">order</a> made public on August 13. </p> <p>According to the documents, hackers accessed Fetch.ai's crypto accounts on Binance on June 6, selling assets valued at $2.6 million to a linked account for a fraction of their value to evade withdrawal restrictions. </p> <p>The order requires Binance to find and freeze the crypto in question if it is on the platform. Binance's notification was, apparently, how Fetch.ai learned of the hack in question.</p> <p>A representative for Fetch.ai told The Block "We have been working closely with Binance and local enforcement to obtain details about the hacker. Issuing a court order for the release of this information is a standard process."</p> <p>In the order, the presiding judge denied the need to consider the possession of the private key and reinforced Fetch.ai's property rights over the crypto in play: "I am satisfied that the assets credited to the first applicant’s accounts on the Binance Exchange are to be regarded as property for the purposes of English law."</p> <p>Beyond the controversy surrounding hacks of centralized exchanges, any interaction between law enforcement and Binance is a subject of curiosity.</p> <p>Binance, the largest crypto exchange in the world, has been famously successful at keeping out of courts despite facing regulatory challenges in a <a href="https://www.theblockcrypto.com/post/109766/uk-fca-bans-crypto-exchange-binance">growing roster of jurisdictions</a> around the world, including the UK. The exchange has also been implicated in <a href="https://www.theblockcrypto.com/linked/53138/chainalysis-traced-2-8-billion-in-bitcoin-being-sent-to-crypto-exchanges-by-criminals-last-year">massive cash-outs of illicit funds</a>, with reports emerging this year that the U.S. <a href="https://www.theblockcrypto.com/linked/104836/binance-crypto-irs-us-government-investigation-report">Department of Justice has begun investigating</a> the exchange as a vector of money laundering. </p> <p>Even in this case, the presiding judge noted: "Binance Holdings Limited, who, as I have explained, are not registered in, and apparently have no presence in, the jurisdiction of England and Wales."</p> <p>Representatives for Binance did not respond to The Block's request for comment as of publication time. </p> <p><em>Updated: 14:00 EST: This article has been updated to include a statement from Fetch.ai.</em></p>