The United States witnessed another landmark case in which a federal judge in Florida passed the verdict in favor of the Plantiff after agreeing to serve a legal notice through a non-fungible token (NFT).
Beth Bloom, a federal judge in the United States District Court for the Southern District of Florida, passed an order that the unknown hackers who stole approximately $1 million worth of USDT from the plaintiff Coinbase’s wallet must repay the full amount.
In late 2021, anonymous hackers launched a heist using a Liquidity mining project. During the heist, the hackers pressured plaintiff Rangan Bandyopadhyay into linking his wallet to the fraudulent Liquidity mining project and stole USDT stable coins worth approximately $971,291. To avoid being caught, the hackers dumped these tokens in the Binance exchange pool.
Thus, the federal court came to know about this heist when Bandyopadhyay took legal action against the anonymous hacker without knowing their identity, real name, or address, and sent a notice via non-fungible token (NFT).
This is the first time in America Federal judge Beth Bloom said last week that it’s okay to send legal notice through digital identifiers, blockchain or NFTs.
The federal court ruling declared that the convicts must pay the stolen amount (about $1 million) to victim Bandyopadhyay, plus interest on an equal amount until they repay the money in full, but it is still unclear how they will obtain the money.
Also Read: UK Court Grants Permission to Serve Lawsuits Via NFT
