According to the report of Financial Times, two of the six exchanges involved have not been named. And the UK-based exchange that was hacked will remain anonymous to avoid revealing information to detect hackers. The exchange is also managing 1.7 million USD traced out from the case hack.
Accordingly, the exchange of data will speed up the process of identifying hackers. The reason is that large exchanges often perform the steps KYC rigorous, including ID verification as well as biometrics. At the same time, exchanges are also required to transfer data unrelated to the hack.
Also follow Financial Times, This is one of the first applications of the new law to be popularized in the UK. The law allows for asset tracking in cases of internet fraud, even if the parties holding the information are based abroad.
In October 2020, Coinbase informed UK users that they would share their data with Revenue and Customs (HMRC) if they received more than £5,000. cryptocurrency in the tax year 2019/2020.