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You Can Now File Lawsuits Via NFT Airdrop

NFT

www.thecoinrepublic.com 15 July 2022 12:00, UTC
  
Reading time: ~2 m

  • Earlier this month, a U.K. court authorized Giambrone & Partners LLP to use an NFT airdrop sent to an unknown person’s cryptocurrency wallet to serve legal papers on that person. 
  • D’Aloia is reportedly working to get his stolen cryptocurrency back, according to the law firm.
  • The company praised the U.K. government’s decision to permit the start of legal procedures through NFTs in its statement.

The NFT Airdrop

Not sure who took your cryptocurrency? You may now file a lawsuit against them using a blockchain if you live in the UK.

Earlier this month, a U.K. court authorized Giambrone & Partners LLP to use an NFT airdrop sent to an unknown person’s cryptocurrency wallet to serve legal papers on that person. Giambrone’s client, Fabrizio D’Aloia, is suing an unidentified party over the theft of cryptocurrency money, along with Poloniex, gate.io, OKA, and Bitkub.

NFTs are distinctive tokens that exist on blockchain networks like Ethereum or Solana and denote ownership of a digital good, such as a photograph, a piece of virtual real estate, or, more recently, legal documents.

D’Aloia is reportedly working to get his stolen cryptocurrency back, according to the law firm.

The company said that “Mr. D’Aloia’s cryptocurrency was hijacked by Unknown Persons operating a fake clone online brokerage enticing would-be investors to deposit cryptocurrency into two wallets so that ‘trades’ could be conducted with it.”

Partner Giambrone Exchanges are a component of the issue, according to Joanna Bailey. The legal team is currently delivering documents for the recovery of the allegedly stolen cryptocurrency.

Additionally, the legal firm said that lawmakers and regulators are “failed to impose control” over bitcoin exchanges.

The company praised the U.K. government’s decision to permit the start of legal procedures through NFTs in its statement, in part because it thinks it represents a step toward “better consumer safeguards and responsible conduct.”


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