In a first for UK, court order is airdropped via NFT; stolen bitcoins returned to victim
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The English Court’s willingness to accept airdropping is significant as it works as a recourse against crypto fraudsters, who are often hard to identify and locate.
PHOTO ILLUSTRATION: UNSPLASH
SINGAPORE – In a landmark move by the English court, a summary judgment that was granted in a cryptocurrency case had its order served for the first time via the airdropping of a non-fungible token (NFT).
An NFT – a digital asset on a blockchain with a unique identification code – was created with a link to a live website that contained the court order. The NFT was then deposited – or airdropped – on Sept 8 this year into a digital wallet accessible by the fraudsters.