The chain investigator, ZachXBT, indicated that in the future, requests for help submitted by encrypted victims may be automatically denied. The seven jurisdictions named include Canada, the United Kingdom, India, Nigeria, Morocco, Algeria and Bangladesh. The arrangements are still at the individual stage and have not yet resulted in formal rules that are in force in public.
Seven districts were named.
Reports indicate that this limitation stems from ZachXBT ' s individual experience in dealing with related cases rather than from government sanctions, court orders or legislative requirements. He claims that the cases in these areas have brought poor processing experience and that it is therefore likely that new requests for help from these areas will be automatically rejected in the future.
This does not mean, however, that at this stage users in the above-mentioned areas are completely banned. The information available does not indicate that he has discontinued the cases previously submitted, nor does it show that all requests from the seven sites have been intercepted.
- Area covered: Canada, United Kingdom, India, Nigeria
- Remaining areas: Morocco, Algeria, Bangladesh
New website proposed to include geographical limitations
ZachXBT also mentioned that the website under preparation would limit access to certain encryption support services by some users. He described some areas as “low-quality areas”, but this was a personal judgement, and there was currently no publicly available methodology, data basis or third-party assessment support.
As at the time of the release of the report, it was still not possible to confirm the site ' s exact address, when it was online, how it was charged, privacy policy and service terms. It is also not clear whether there are exceptions to large-scale thefts, transnational cases or coordinated attacks.
This means that there are still variables as to whether the seven areas will be fully covered at the end of the line. Policies may also be adjusted before the website is fully operational.
Victims still report through official channels
Reports mention that such restrictions, if implemented, affect private channels of assistance provided by ZachXBT rather than official reporting routes. Encryption victims can still contact local police, national anti-fraud agencies, centralised exchanges, wallet service providers and relevant financial regulatory bodies.
The timely submission of transactions, the address of the wallet and suspicious communication records when assets flow to the centralized platform is often more conducive to follow-up and account restrictions. Chain-based analysis can help to identify financial flows, but the freezing of targeted accounts often depends on the cooperation of the exchange, the stabilizer or the law enforcement agencies.
Additional information:It was also reported that ZachXBT had recently been involved in the tracking of a counterfeit Ledger application, resulting in over 50 victims and losses of approximately $9.5 million. This also reflects the fact that independent chain investigators often become the first unofficial channels of assistance to victims following large-scale encryption thefts.