British court allows filing claims in the form of NFT

The plaintiff will be able to send court documents in the form of non-fungible tokens to the scammers’ cryptocurrency wallets

14.07.2022 - 06:45

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What’s new? The High Court of England and Wales has allowed Fabrizio D’Aloia, founder of Italy-based online gambling company Microgame, to file a lawsuit against anonymous people by sending non-fungible tokens (NFTs) to their addresses. According to a CoiDesk story, D’Aloia had previously sent about $2,1 million and $230 000 in cryptocurrency to two wallets belonging to an online broker. It later emerged that the entrepreneur had fallen victim to scammers.

CoiDesk’s material

Details of the case. The exchanges such as Binance, Poloniex, Gate.io, OKX, and Bitkub identified D’Aloia’s funds. Last month, he obtained a court order prohibiting the platforms from moving his assets. With NFTs, the entrepreneur will now be able to direct court documents to the scammers’ wallets. In an interview for CoinDesk, lawyer Joanna Bailey, who is working on the case, said:

“This is so important because it shows the court’s willingness to adapt to new technologies and embrace the blockchain and actually step in to help consumers where previous legislation and regulators simply could not do that.”

Non-fungible tokens have increasingly begun to be used in everyday life. For example, the South Korean exchange Korbit began issuing employee IDs in the form of NFTs. Also, South Korea’s Sungkyunkwan University began issuing diplomas and awards to students in the NFT format. And Vincenzo Sospiri Racing, a GT racing team, will use tokens to certify car parts.

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