The Singapore High Court granted permission to the financial investigative agency, Intelligent Sanctuary (iSanctuary), to link nonfungible tokens (NFTs) holding legal documents to offline wallets connected with a cyber breach, as reported by iSanctuary in the UK and various local news outlets.

The global freezing order from the court was converted into unique soulbound NFTs and connected to the relevant wallets. While these NFTs won't block transactions from these wallets, they act as a red flag for those engaging with the wallets or exchanges, indicating the wallets' involvement in a cyber theft. Additionally, iSanctuary has found a way to monitor funds departing from these wallets using the NFTs. These NFTs will be a permanent fixture on the wallets.

On their website, iSanctuary shared that they were hired by an entrepreneur who lost $3 million in digital currency, and they successfully traced the misappropriated funds. The story continues:

Further information was not disclosed. iSanctuary identified Mintology, an application developed by Singapore's NFT creator Mintable, as the source of the NFTs. This was subtly verified by Mintable's founder, Zach Burks, in a message on X (previously known as Twitter).

On October 17, The Straits Times stated that the situation concerned a pilfered private key, with crypto exchanges in Singapore implicated in the money laundering activities of the hack, conducted by individuals claiming to be from Singapore. The case has international implications, extending from Singapore to countries such as Spain, Ireland, Britain, and various other European nations.

The paper cited Jonathan Benton, the founder of iSanctuary, who remarked, "This is a revolutionary development; we can act within hours if necessary. We have the capability to monitor wallets, oversee blockchain activities, pinpoint holders of illegal assets, and enforce either civil or criminal mandates, including warnings."

In both Italy and the US, NFTs have been employed for the delivery of court notices.