A Gibraltar court has ordered several crypto exchanges to cooperate with the liquidators of collapsed crypto trader Globix, who are seeking to track $43 million that went astray, according to a report in the Financial Times.

Crypto.com, Bitstamp and Kraken have been ordered to identify the owners of suspect wallets, and Binance to freeze transfers, said the report, which cited the April 13 court order and talks with a person familiar with the search.

Gibraltar has sought to become a crypto hub, housing spot trading services for the Huobi exchange and ZUBR, a subsidiary of collapsed crypto exchange FTX.

Globix stopped receiving investments last June amid turmoil in the crypto market and filed for liquidation last month. Damian Carreras, its owner and director, who is from Gibraltar, told the FT it had tried to recover funds, but had been the victim of cybercrime and theft.

Gibraltar liquidation Crypto Exchange

Jack Schickler

Jack Schickler was a CoinDesk reporter focused on crypto regulations, based in Brussels, Belgium. He previously wrote about financial regulation for news site MLex, before which he was a speechwriter and policy analyst at the European Commission and the U.K. Treasury. He doesn’t own any crypto.