Don’t know who stole your crypto? If you’re in the UK, you can now have a . can sue through blockchain,
A UK court last month allowed the firm Giambrone & Partners LLP to conduct legal proceedings through an NFT to an anonymous person. airdrop Sent to person’s crypto pursecompany informed of Tuesday Fabrizio D’Aloia, who is represented by Giambrone, is suing an unidentified person,As well as crypto exchanges Binance, Poloniex, Gate.io, OKA, and Bitkub- on the loss of crypto funds.
NFT are unique token that exist on blockchain networks such as Ethereum either solana and indicate ownership of a digital item, which can be anything from an image to virtual land or, now, legal papers.
According to the law firm, D’Aloia is trying to recover the lost cryptocurrency.
“Mr. D’Aloaia’s cryptocurrency is being unfairly operated by Persona Unknown, which is operating a fraudulent clone online brokerage, encouraging investors to deposit the cryptocurrency into two wallets in order to ‘trade trades’. ‘ to be put with it,” the firm wrote.
Giambrone Associate Joanna Bailey sees the exchange as part of the problem. The law firm is now presenting legal papers and seeking to return the allegedly stolen crypto.
“Should cryptocurrency exchanges act contrary to such mandates and fail to protect identifiable cryptocurrency, they are liable for breach of trust,” Bailey said of the lawsuit. colleague did not respond decryptRequest for further comment.
The law firm also argued that regulators and legislators are not doing enough to regulate cryptocurrency exchanges and are “failing to control”.
In its statement, the firm lauded the UK government’s move to allow legal proceedings to begin via NFTs, as it believes it is a step towards “greater consumer protection and responsible practice”. .
That said, it is currently unclear how enforceable legal documents will be through NFTs. Anderson Kiel’s attorney and partner, Preston Byrne, told decrypt via email that such practice is likely ,Limited practical effect.,
,It is an interesting type of alternative service, and in keeping with the UK’s tradition of alternative service through platforms such as Twitter, albeit with a limited practical impact if a user [operational security] Or simply decides to never transact with that wallet again.,
Want to become a crypto expert? Get the best of Decrypt straight to your inbox.
Receive the biggest crypto news + weekly roundups and more!