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UK Court Allows Serving of Suits Via NFTs


www.coindesk.com 13 July 2022 15:51, UTC
Reading time: ~2 m

The High Court of England and Wales has allowed Fabrizio D'Aloia, founder of Italy-based online gambling company Micrograme, to deliver a lawsuit against anonymous people through an NFT drop.

The move will allow D’Aloia to present the court proceedings to people who are unknown but connected to two digital wallets. This is significant in the crypto sector where scams and hacks can often only be tied to wallet addresses.

“This is so important because it shows the courts 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 do that,” Joanna Bailey – an associate lawyer from Giambrone & Partners LLP – who worked on the case, told CoinDesk in an interview.

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 the people responsible for the fraudulent platform by sending the court documents through an NFT drop to the two wallets.

Binance, Poloniex, Gate.io, OKX and Bitkub have been identified by D’Aloia as holding his crypto, and D’Aloia last month was granted an injunction forbidding the exchanges from moving those assets.

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