Non-fungible tokens (NFTs) have found a way into the British legal system – just weeks after a similar development in the United States.
Per the legal firm Giambrone & Partners, the High Court of England and Wales granted Fabrizio D’Aloia, an Italian engineer and the Founder of the online gambling firm Microgame, the right to serve court documents to the unknown operators of a scam. Documents were also sent to a number of crypto exchanges, including the market-leading Binance.
The legal firm explained that D’Aloia’s crypto holdings were “misappropriated” by the operators of a “fraudulent clone online brokerage encouraging would-be investors to deposit cryptocurrency into two wallets so that ‘trades’ could be placed with it.”
In England and Wales, parties in civil disputes are usually expected to serve legal documents in paper form, using the postal service or hand-delivered letters. But, the legal firm explained, “where a party wishes to serve by other means,” they may apply to a court for “an order for alternative service” – if there “is a good reason to do so.”
While English courts have previously made use of the social media platforms Instagram and Facebook to serve documents, they have “never before” done so “by means of Distributed Ledger Technology,” Giambrone & Partners remarked.
The order allows D’Aloia to airdrop the documents, in NFT form, into the two wallets where D’Aloia “initially deposited” his crypto.
The lawyers added:
“This order is a noteworthy development in the area of service of court documents and a welcome example of a court embracing new technology.”
The firm explained that this was the “first reported case” of NFTs being used in such a manner in Europe and was second only to a ruling of the Supreme
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