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“This gives us one mechanism to at least serve legal process on a person who controls an address that’s involved with the virtual currency that was affected,” said Andrew Balthazor of Holland & Knight.
June 09, 2022 at 03:12 PM
4 minute read
In a first, Miami attorneys served a defendant with a temporary restraining order in the form of a non-fungible token, or NFT, following the approval of the “service token” by a justice of the New York Supreme Court.
The lawyers are Joe Dewey and Andrew Balthazor, attorneys in Holland & Knight’s asset recovery team . They said this new strategy in serving an anonymous defendant is an example of how innovation in the blockchain landscape could provide legitimacy and transparency to a market sector critics have called ungovernable.
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