Chainswap: BVI Court Injuncts Assets Of Unidentified Crypto Wallets

In a first for the territory, the British Virgin Islands ("BVI") Commercial Court has granted a worldwide freezing order against persons unknown, being those allegedly responsible for cybercrime consisting of the theft of digital assets. At the same time, the applicant was granted: (a) permission to serve its claim on the persons unknown out of the jurisdiction and by alternative means; and (b) a letter of request to be issued from the BVI court to the Croatian authorities seeking the provision of evidence from a crypto exchange in Croatia, including information that is highly likely to identify the unknown defendant(s). 

Background 

The background is neatly set out in the judgment and the key parts of that background are replicated below in summary fashion.