As a viable option for prosecuting blockchain-based crimes that would otherwise remain unsolved, crypto lawyers are expressing their enthusiasm for NFTs.
When the accused could not be reached through more conventional means, there was an increase in lawsuits filed against individuals for blockchain-related offenses in the previous year.
NFT use for legal purposes is on the rise, particularly in the United Kingdom. The Crypto Lawyers’ request to use NFT to serve their client’s defendant was then approved by the U.S. District Court for the Southern District of Florida in November 2022.
The accusation is that almost $1 million has been stolen, but the defendant is unknown. A statement from a digital currency investigator with evidence that the cryptocurrency had been stolen was requested by the plaintiff.
As a consequence of this, the judge granted a request to serve the defendant as an NFT, describing this method of serving court documents as “reasonably calculated.”
“Using NFTs to serve defendants is a very effective approach for blockchain crime since it can be almost impossible to detect malicious actors,” The Crypto Lawyers’ managing partner Agustin Barbara told Cointelegraph.
However, a court order can be served by sending an NFT to the wallet address where the stolen assets are stored in a crypto wallet that is open and auditable by anyone. This is especially helpful in situations where more conventional approaches, like writing or sending an email to the defendant, are impractical.
The United Kingdom is a hotbed for NFT legal proceedings
This is not the first instance in which an NFT has been utilized to serve court documents. The plaintiff was granted permission to use NFT to serve the court order in the United Kingdom last month to retrieve Bitcoin that he claimed had been stolen from him.
Through a website called Extick Pro, a large-scale fraud was committed against the plaintiff. The plaintiff was conned into opening an account with the con artists and sending cryptocurrency to their fictitious trading platform.
At the time, the plaintiff sent more than $1.5 million in Bitcoin, and the con artists were supposed to trade on her behalf. However, he was unable to access the funds when he tried to withdraw them.
