Paper is patient. Unfortunately, this also applies to many legal proceedings. It is not only in Germany that those affected often wait a long time before a perpetrator is convicted and convicted.
In the past, the increasing interconnectedness of the world and the decentralized functioning of blockchain technology have often made it easy for crypto fraudsters to make their captured tokens or coins disappear into the depths of the Internet.
One arrangement However, the High Court of England and Wales could now lay the foundation for catching criminals more quickly – using DLT. In a recent order, the court allowed the delivery of a court document via NFT airdrop.
Spot crypto scammers using crypto technology
Specifically, it is about 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 US dollars to a fraudulent platform.
Because of blockchain technology, his assets have now been tracked and identified to which two wallet addresses the money went. Explosive: The court order itself will now be sent to the scammer wallets via NFT airdrop.
This is also newsworthy because it serves to serve a lawsuit on an unidentified person.
This is so important because it shows the court’s willingness to adapt to new technologies and embrace blockchain and actually step in to help consumers where previous laws and regulators could not
Joanna Bailey, attorney for Giambrone & Partners LLP, told CoinDesk
Another peculiarity of the court order is that the five crypto exchanges are seen as legal trustees. This allows the injured party to assert their claims and regain their lost capital.
However, the transmission of 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 of this year.
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In the BTC-ECHO guide, we show you the best tools for automatically and easily creating crypto tax reports.
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