- During the process, the criminals were found guilty in absentia, even without specifying their identities.
- The court ruled that the notice and subpoena can be transmitted in NFT format, knowing only the address of the recipient
A two-year trial over the theft of cryptocurrencies ended this week in Florida. Plaintiff Rangan Bandyopadhyaya sought redress from the hackers without even knowing their identity. Despite this, the court took his side, obliging the perpetrators to pay compensation in full.
How will they be notified in this case? It’s very simple, Judge. decidedthat the defendants should be notified via NFT. Previously, a similar measure was taken in the UK.
How did Rangan lose his money?
The man was the victim of a widespread fraudulent scheme. With the help of tricks, he was forced to tie the wallet supposedly to a pool for the extraction of liquidity. The criminals then emptied it and withdrew the funds through the Binance exchange.
This happened in December 2021. Rangan suffered almost 1 million USDT in damage. He decided to go to court, although he does not personally know any of the criminals. He didn’t have their addresses or phone numbers.
As a result, the summons was delivered to them in NFT format to the addresses through which the attackers withdrew funds. And the judge recognized it as a legal form of notice.
Now criminals are obliged to return to the victim all the stolen funds, including interest on delay.
Significant process
Why is this trial so important? The thing is that the level of cybercrime is constantly growing. Hackers abuse anonymity and go unpunished.
The ability to use legal legal tools through the blockchain is the first step, if not to control, then to intimidate criminals.
We previously reported that Interpol would investigate crimes in the metaverse. More details at the link.
