• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

UK Court Rules That Lawsuits Can Be Served Via NFTs

July 15, 2022
in Australian Crypto News
Reading Time: 3min read
0 0
A A
0
UK Court Rules That Lawsuits Can Be Served Via NFTs
0
SHARES
5
VIEWS
ShareShareShareShareShare

In what is a legal precedent for the High Court of England and Wales, a plaintiff has been granted permission to file a lawsuit against anonymous defendants by means of an NFT drop.

The move will allow Fabrizio D’Aloia, founder of Italy-based online gaming company Microgame, to serve legal documents on people who are not known by name but connected via two digital wallets:

Our firm was the first law firm in the UK and in Europe to obtain permission by a High Court Judge to serve document proceedings related to a worldwide freezing injunction against unknown persons by NFT using the blockchain technology.
Read more: https://t.co/ZOlfwEp8bc pic.twitter.com/PbHK1twkGs

— Giambrone Law (@Giambroneintern) July 12, 2022

Joanna Bailey, an associate of Giambrone & Partners LLP who are representing D’Aloia, described the precedent as “significant” in a sector where scams and hacks can often only be tied to wallet addresses and not their actual individual owners:

This is so important because it shows the court’s willingness to adapt to new technologies and embrace the blockchain and actually step in to help consumers where previous legislation and regulators simply could not …

Joanna Bailey, associate, Giambrone & Partners LLP

D’Aloia claimed to have been lured by an online brokerage into depositing about 2.1 million USDT and 230,000 USDC into two wallets that turned out to be fraudulent. The court ruling, said Bailey, allows D’Aloia to sue those responsible for the fraudulent platform by sending court documents via an NFT drop to the two wallets.

Other Legal Firsts Involving NFTs

Such specified usage of an NFT drop follows a world-first international hacking case last month where a defendant was served with a temporary restraining order by means of an NFT.

A month earlier, the UK High Court of Justice ruled to recognise NFTs as private property, hailed as a “landmark” in the ongoing battle against fraud in the crypto space.

However, the catch in that ruling was that the conferred private property status did not extend to the underlying content represented by an NFT.

Civil Procedure Rules in the UK have previously allowed for lawsuits and legal documents to be served using Instagram, Facebook, and a contact form on a website. Until now, the only other means were via personal services, “snail” mail, dropped off at a physical address, or by sending a fax or another type of “electronic communication”.

Share this article

Join in the conversation on this article’s Twitter thread.

Disclaimer:
The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.


Credit: Source link

ShareTweetSendPinShare
Previous Post

Australian Open NFT Project ‘AO Metaverse’ Wins Big In Global Advertising Awards

Next Post

Cardano (ADA) Trades Sideways After Losing Major Support, Will The Current Support Hold?

Next Post
Cardano (ADA) Trades Sideways After Losing Major Support, Will The Current Support Hold?

Cardano (ADA) Trades Sideways After Losing Major Support, Will The Current Support Hold?

You might also like

Bitcoin Probes $73,000 Liquidity Pocket: Is The Next Leg Toward $80,000 Loading?

Bitcoin Probes $73,000 Liquidity Pocket: Is The Next Leg Toward $80,000 Loading?

March 15, 2026
Bitcoin Foundation For A Mid-Term Breakout Remains Thin, Cost Basis Data Shows

Bitcoin Foundation For A Mid-Term Breakout Remains Thin, Cost Basis Data Shows

March 14, 2026
Bitcoin Price Hits $74K As Geopolitical Tensions Spike, Is BTC Poised For a Fresh Leg Down?

Bitcoin Price Hits $74K As Geopolitical Tensions Spike, Is BTC Poised For a Fresh Leg Down?

March 16, 2026
Binance Launches Defamation Lawsuit Against Wall Street Journal Over Iran Sanctions Claims

Binance Launches Defamation Lawsuit Against Wall Street Journal Over Iran Sanctions Claims

March 12, 2026
Bitcoin May Still Fall Under $10,000, Bloomberg’s McGlone Warns

Bitcoin May Still Fall Under $10,000, Bloomberg’s McGlone Warns

March 12, 2026
Ethereum Currently Undervalued – But Is It Time To Buy?

Ethereum Currently Undervalued – But Is It Time To Buy?

March 15, 2026
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

Bitcoin Price Hits $74K As Geopolitical Tensions Spike, Is BTC Poised For a Fresh Leg Down?

Bitcoin Price Hits $74K As Geopolitical Tensions Spike, Is BTC Poised For a Fresh Leg Down?

March 16, 2026
21Shares Updates Crypto Reference Prices for Four Key ETPs

21Shares Updates Crypto Reference Prices for Four Key ETPs

March 16, 2026

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter CoinGecko Free Api Key to get this plugin works.