SNEAK PEEK
- Fabrizio D’Aloia deposited around $2.33 million in two digital wallets that turned out to be fake.
- The ruling allows legal proceedings against otherwise anonymous people using their wallet addresses.
- The UK court finds it worthy to adapt to new technologies.
A case by Fabrizio D’Aloia against Binance Holdings, gate.io, Poloniex, Bitkub and OKX in a case wherein a fraudulent clone online brokerage was being run by someone, has led to an interesting turn. From now onwards, judgment will be done in the digital way.
Fabrizio D’Aloia is the founder of Micrograme, the Italian online gambling business.
According to the judge, the parties could be served by airdropping NFTs into wallets, which were initially held by D’Aloia but got stolen by unnamed people.
As per the Civil Procedure Rules in the UK, until now, lawsuits were served either by personal services or mail or used to be dropped off at a physical address. Fax and another way of electronic communication, were other mediums.
Electronic methods to serve someone have been considered in cases where agreement for the same has already been confirmed by parties.
Facebook messages, Instagram direct messages and contact form on a website are such methods, according to Giambrone & Partners.
The law firm said:
This order is a noteworthy development in the area of service of court documents and a welcome example of a court embracing new technology.
Through such judgment, other cryptoasset fraud victims will pursue unknown people responsible for misappropriating the cryptocurrency, something they wouldn’t have been able to otherwise.
Demetri Bezaintes, an associate at Giambrone & Partners, added that judgment using NFT will show the way towards digital service including the perks of authentication and immutability turning into a regular practice in the legal matters related to the digital world. Also, this way of service will become greater success as compared to the conventional way.
As per the court, crypto exchanges were responsible for the stolen assets neither being moved nor withdrawn.
Our firm was the first law firm in the UK and in Europe to obtain permission by a High Court Judge to serve document proceedings related to a worldwide freezing injunction against unknown persons by NFT using the blockchain technology.
— Giambrone Law (@Giambroneintern) July 12, 2022
Read more: https://t.co/ZOlfwEp8bc pic.twitter.com/PbHK1twkGs
As per the permission by the court, D’Aloia can file a lawsuit against the owners of the two digital wallets by delivering the court paperwork via an NFT airdrop.
