The UK judicial system has sanctioned the serving of legal notices through NFTs.

The High Court of England and Wales has paved the way for individuals to use blockchain to launch legal actions. This decision became effective following a case involving Fabrizio D’Aloia, the founder of Microgame, who was authorized to utilize NFTs in his lawsuits against defendants whose identities remain hidden.

With the court's endorsement, D’Aloia plans to distribute legal documents via an NFT airdrop to two specific wallet addresses, subsequently initiating legal proceedings against the owners. He fell victim to an online brokerage scam after putting 2.1 million USDT and 230,000 USDC into fraudulent wallets.

This development marks a remarkable step forward for the crypto sector, where individuals can often conceal their true identities and are primarily linked to their cryptocurrency wallet addresses.

"This ruling is a significant step forward in the domain of delivering court documentation and exemplifies how a court can effectively leverage emerging technologies. It reinforces the position of England and Wales as leading jurisdictions globally in safeguarding victims of cryptocurrency fraud,” wrote Giambrone & Partners LLP law firm.

D’Aloia manages his digital assets across several platforms, including Binance, Bitkub, Cryptocurrencylistings.com, OKX, and Poloniex. He has secured a court order that blocks these exchanges from moving the funds he believes were wrongfully taken.

Those who invest in cryptocurrencies and NFTs frequently find themselves facing financial setbacks or losses. other losses This is primarily due to various threats such as security vulnerabilities, hacking incidents, deceptive schemes, and other fraudulent activities that plague this sphere. Reports indicate that hackers have made off with a staggering $1.97 billion from the Web3 sector within this year alone. report A Dogecoin investor has initiated legal proceedings against Elon Musk, claiming damages.

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Agne serves as a journalist, focusing on the latest insights and advancements in the metaverse, AI, and Web3 sectors for Metaverse Post. Her enthusiasm for storytelling has driven her to conduct numerous interviews with industry experts, always in pursuit of compelling and engaging narratives. She holds a Bachelor’s degree in literature and has a diverse writing background covering various subjects, including travel, art, and culture. Additionally, she has volunteered as an editor for an animal rights organization, where she played a key role in advocating for animal welfare. Feel free to reach out to her at. Airdrops Calendar .