Paper is patient. Unfortunately, this also applies to many legal procedures. It is not only Germany where those affected wait a long time before the perpetrator is found guilty and convicted.
In the past, the increasing interconnectedness of the world and the decentralized performance of blockchain technology often made it easier for cryptocurrency scams to make stolen tokens or coins disappear into the depths of the internet.
One ranking However, the High Court of England and Wales can now lay the groundwork for catching criminals more quickly – with DLT. In a recent order, the court allowed a court document to be sent via an NFTairdrop.
Detect scammers with encryption technology
Specifically, it concerns the case of Fabrizio D’Aloia. According to his own statements, the Italian engineer and founder of the online game provider Microgame was tricked into transferring $2.3 million to a fraudulent platform.
Due to blockchain technology, his assets have now been traced and two wallets of addresses of the funds went to have been identified. Explosive: The same court order will now be sent to the scammer’s wallet via NFT airdrop.
This is also newsworthy because it serves to serve a lawsuit against an anonymous person.
This is very important because it shows the Court’s willingness to adapt to new technologies, embrace blockchain, and actually step in to help consumers where previous laws and regulators could not.
Joanna Bailey, an attorney at Giambrone & Partners LLP, told CoinDesk
Another peculiarity of the court order is that the five cryptocurrency exchanges are seen as legal custodians. This allows the aggrieved party to assert its claims and recover its lost capital.
However, sending a court order via NFT-AirDrop is not the first of its kind, this procedure was used for the first time in New York in June this year.
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