{"id":12181,"date":"2022-07-13T19:58:02","date_gmt":"2022-07-13T19:58:02","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/nft\/u-k-court-says-lawsuits-can-now-be-airdropped\/"},"modified":"2022-07-13T19:58:05","modified_gmt":"2022-07-13T19:58:05","slug":"u-k-court-says-lawsuits-can-now-be-airdropped","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/nft\/u-k-court-says-lawsuits-can-now-be-airdropped\/","title":{"rendered":"U.K. Court Says Lawsuits Can Now Be Airdropped"},"content":{"rendered":"
\n

In the U.K., it\u2019s okay to sue other people by paying with NFTs on the blockchain. <\/p>\n

Yes, you read that right. A judge in the U.K. granted permission to serve a person a lawsuit using a blockchain ledger via a nonfungible token \u2060\u2014 marking the first time an NFT gained the status of legal documentation in court proceedings this week in the country, according to court documents initially reported by Bloomberg<\/em>.<\/p>\n

While a U.S. court made a similar decision to authorize lawsuit filings via NFTs in June, this means prized NFTs are becoming more normalized in court proceedings on an international basis.<\/p>\n

How to sue with NFTs<\/h2>\n

This comes on the heels of a case brought to the U.K. courts by Fabrizio D\u2019Aloia, the founder of online gambling company Microgame, who is suing the cryptocurrency exchange Binance Holdings in addition to other platforms. D\u2019Aloia filed his claim after crypto assets appeared to be cloned in a fraudulent manner on the brokerages. The court also found that the exchanges were responsible for ensuring that stolen crypto isn\u2019t removed from their systems.<\/p>\n

So how does it work? In the U.K., the lawsuit will be airdropped, with legal documents deposited via NFT into two wallets initially used by D\u2019Aloia and then stolen by those accused of fraud. \u201cThere can be no objection to it,\u201d said Justice Trower in an interim relief hearing last month, according to a report from The Law Society Gazette<\/em>.<\/p>\n

\u201cRather it is likely to lead to a greater prospect of those who are behind the tda-finan website being put on notice of the making of this order, and the commencement of these proceedings,\u201d added Trower, in the report.<\/p>\n

This is the latest in a series of increasingly innovative steps taken to assist victims of crypto fraud worldwide. Indeed, the U.K. ruling is \u201ca welcome example of a court embracing new technology,\u201d said D\u2019Aloia\u2019s representative legal firm, Giambrone & Partners. \u201cIt is also a significant judgment as it demonstrates how England and Wales is one of the best jurisdictions in the world, if not the best, when it comes to protecting the victims of cryptoasset fraud.\u201d<\/p>\n