NFT-delivered court orders an answer to blockchain-related litigation: Lawyers

United States News News

NFT-delivered court orders an answer to blockchain-related litigation: Lawyers
United States Latest News,United States Headlines
  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 51%

You've just been NFT-served. NFTs are becoming a viable solution for serving court orders and summons. Two crypto lawyers explain why.

Non-fungible tokens are becoming an increasingly popular solution to serving defendants in blockchain-based crimes that would otherwise be unreachable, according to crypto lawyers.

While the defendant's identity was unknown, the plaintiff accused the defendant of stealing cryptocurrency to the approximate value of $958,648.41. Barbara explained that summoning an unknown identity through NFT is done through the transfer of the NFT into the defendant’s blockchain wallet address where the stolenHe noted that this method is a way of reaching the accused when other traditional methods such as email or post are not viable due to the identity being unknown.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Cointelegraph /  🏆 562. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Aptos Token Prices Double in Two Weeks Amid Strong NFT InterestAptos Token Prices Double in Two Weeks Amid Strong NFT InterestTokens powering the Aptos_Network have surged amid narrative-driven trading and rising NFT activities on marketplaces such as TopazMarket. By shauryamalwa.
Read more »

Porsche NFT Collection Fails to Gain Traction As Mint Kicks Into GearPorsche NFT Collection Fails to Gain Traction As Mint Kicks Into GearThe eth_porsche NFT collection had a slow start to its mint on Monday, with NFTs selling on the secondary market for below the collection's mint price of 0.911 ETH. camlearnscrypto and rosieperper report
Read more »

NFT Management Application Floor Acquires Data Platform WGMI.ioNFT Management Application Floor Acquires Data Platform WGMI.ioNFT application Floor has acquired data platform wgmiio to provide users with real-time token metrics in one place. camlearnscrypto reports
Read more »

U.S. Supreme Court spurns attorney-client privilege fight in crypto tax probeU.S. Supreme Court spurns attorney-client privilege fight in crypto tax probeThe U.S. Supreme Court on Monday threw out a case about the scope of attorney-client privilege involving a law firm's bid to withhold records from prosecutors related to a cryptocurrency-promoting client in a tax investigation.
Read more »

Argentinian lawyers call for annulment of provincial lithium lawArgentinian lawyers call for annulment of provincial lithium lawThe Argentine Institute of Mining Law is calling for the annulment of Law N°10.608, which declared lithium and derivative products as strategic natural resources in La Rioja province.
Read more »



Render Time: 2025-02-22 04:18:37