in

UK judge allows a lawsuit to be delivered via NFT

Last month, a UK court granted Giambrone & Partners the permission to serve legal documents to an anonymous individual through an NFT airdrop, a Tuesday notice from the firm revealed.

The case was brought by Fabrizio D’Aloia against the unknown person as well as Binance Holdings, Poloniex, gate.io, OKX, and Bitkub over allegations that the said individual operated a fake online brokerage that led to the loss of crypto funds.

The said NFT lawsuit was airdropped into the wallets originally held by D’Aloia that were later hijacked by unnamed persons. According to the law firm, D’Aloia is hoping to recover his stolen crypto funds.

“Mr. D’Aloia’s cryptocurrency being misappropriated by Persons Unknown operating a fraudulent clone online brokerage encouraging would be investors to deposit cryptocurrency into two wallets so that ‘trades’ could be placed with it,” the firm wrote.

Until now, Civil Procedure Rules in the UK allowed for lawsuits to be served via mail, fax and other types of “electronic communication,” personal services, dropped off at a physical address, or even through social media platforms like Instagram and Facebook (NASDAQ:META). However, electronic channels have always been restricted to cases where both parties agreed in advance to such a method of delivery or a court authorizes it for “good reason.”

The groundbreaking case is setting a precedent that could see the use of NFTs as a tool to serve legal proceedings. The firm explained:

Meanwhile, in June, a law firm in the US also served a defendant using an NFT. In the $8 million hacking case involving Liechtenstein-based cryptocurrency exchange LCX, the defendant received a temporary restraining order in the form of an NFT.

Continue reading on BTC Peers


Source: Cryptocurrency - investing.com

Travel chaos, labor unrest and extreme heat in focus at Britain’s first major air show since the pandemic

Ankr Unveils 2.0 Network Upgrade to Improve Web 3.0 Decentralization