According to a article in the Financial Times, a Gibraltar court ordered that several crypto exchanges cooperate with liquidators of the collapsed crypto trader Globix who are trying to track down $43 million which went astray.

Crypto.com Bitstamp, Kraken and Binance have been ordered by the court to identify owners of suspect wallets and Binance has to freeze transfers. The report cited a court order dated April 13 and a conversation with a source familiar with the investigation.

Gibraltar is attempting to become a crypto hub by housing the Huobi Exchange as well as ZUBR a subsidiary from collapsed crypto exchange FTX.

Globix ceased receiving investments in June last year amid the turmoil on the crypto-market and filed for liquidation a month later. Damian Carreras from Gibraltar is the owner and director of Globix. He told the FT that the company had attempted to recover the funds but was the victim cybercrime.

Sheldon Reback is the editor.