Written by Haim Ravia and Dotan Hammer
In an unprecedented decision, a High Court in England permitted the service of process of pleadings through a non-fungible token (NFT), to the digital wallets of the unnamed defendants.
The permission was granted as part of an application for interim relief filed by a British citizen allegedly conned by an American online trading website. The plaintiff transferred $2.1 million worth of Cryptocurrency to the website’s digital wallet. When the transfer was completed, he discovered that his access to the website was blocked. Since the identities of the website’s operators are unknown, the plaintiff asked to serve his court complaint via the blockchain. The court affirmed his request, holding that it meets the requirements under English law.
CLICK HERE to read the decision of the High Court of Justice of England and Wales in D’Aloia v Binance Holdings & Others.