A United States Court locked criminals out of their crypto accounts using On-chain technology. The CEO has noted this and is concerned with the fact that it will attract a lot of spite from the purists but it has to be done for the good of the crypto world.
Jurat And The Crypto Purists Battle
Jurat has gone ahead to stand up for the On-chain technology with him mentioning that legalities are essential in the trading of cryptocurrencies as their adoption grows more and more every day.
🔥🔥🔥
A court just entered final judgment in a federal lawsuit and the court used @JuratNetwork to enforce its order on-chain!The judge enjoined Russian and North Korean hackers from accessing their accounts, making $JTC the first cryptocurrency to comply with @USTreasury…
— Mike Kanovitz (@MikeKanovitz) August 8, 2023
He admitted that this was just one of the many to be seen in the near future. The Jurat technology is linked with courts to enable the realization of court orders. As much as spite for the technology is expected, he went ahead to say that it will guarantee the protection of digital assets.
Many feel that this is a breach of the decentralization rights of the cryptocurrency sector. It is important to note the irreversibility of the cryptocurrency transactions and this would be very frustrating if one of the investors was likely to be hacked.
Kanovitz argues that if any of these people who are despising the Jurat technology were victims of an offence, they would feel relieved knowing that the software exists and can provide justice to them. He added that it would be of great service to the decentralized finance sector.
The tool is available in the USA at the moment. However, the founder vows to integrate it into the Ethereum-based blockchains since it is only available to JCT tokens for now.