Nonfungible tokens are becoming an increasingly popular solution for serving defendants in blockchain-based crimes that would otherwise be unreachable, according to crypto lawyers.
While the defendant’s identity was unknown, the plaintiff accused the defendant of stealing cryptocurrency worth $958,648.41. Barbara explained that summoning an unknown identity through NFT is done by transferring the NFT into the defendant’s blockchain wallet address where the stolenHe noted that this method is a way of reaching the accused when other traditional methods such as email or post are not viable due to the identity being unknown.
Yeap!
Definitely.
In November, the courts granted U.S. law firm The Crypto Lawyers’ request for its client to serve a defendant via NFT. While the defendant’s identity was unknown, the plaintiff accused the defendant of stealing cryptocurrency worth $958,648.41 💰
Notification pops on phone New Txn - “You’ve been served at your taxable/ legally binding address aka wallet id”
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Source: Cointelegraph - 🏆 562. / 51 Read more »