fbpx

UK Court Begins Utilizing NFTs

July 15, 2022

Fabrizio D’Aloia, the founder of Microgame, an Italy-based gambling game, has been permitted by the High Court of England and Wales to file lawsuits against individuals through NFT airdrops.

The ability to file lawsuits against anonymous people has transcended past the NFT community, with many excited for what’s to come. By providing D’Aloia with permission to serve legal documents to those who have two digital wallets, the High Court of England and Wales has opted to progress with the times, in turn, providing an opportunity for those who have experienced hacks or scams within the crypto space.

“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,” Joanna Bailey, an associate lawyer from Giambrone & Partners LLP who worked on the case, told CoinDesk in an interview.

The actions by the High Court have been brought upon after D’Aloia claimed to have lost 2.1 million USDT and 230,000 USDC to two fraudulent wallets, after being lured by an online brokerage. The court decided to rule in favor of D’Aloia, allowing him to sue those who are responsible by sending court documents through airdrops to the fraudulent exchange.

Such breakthroughs within web3 have provided victims of hacks, with a way to possibly get their money back. Previously, if you lost money to a phishing link or scam, you were out of luck. However, now through airdrops, there is a chance that your lost funds could be returned and those who stole them, may face consequences.

 

Learn how AI can make you richer and more productive

New business ideas, productivity life hacks, future technologies, and more – all in a five-minute email.

Recent Articles

Want 100+ ChatGPT Prompts for Making Money Online?
Over 400 people have paid $20 for this ChatGPT prompt pack. For you, it's completely free.

Sign up to my newsletter, and I'll send you it straight away (with some more free online business resources).
I've helped 34,000+ students build an online business... I want to help you too.