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IN A FIRST FOR UK, COURT ORDER IS AIRDROPPED VIA NFT; STOLEN BITCOINS RETURNED
TO VICTIM


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
Joyce Lim
Senior Correspondent
Updated
Dec 22, 2022, 11:35 PM SGT
Published
Dec 22, 2022, 3:00 PM SGT
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https://str.sg/wyNV


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.

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 * Cryptocurrencies
 * SCAMS
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MCI (P) 076/10/2022, MCI (P) 077/10/2022. Published by SPH Media Limited, Co.
Regn. No. 202120748H. Copyright © 2022 SPH Media Limited. All rights reserved.

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