The High Court of England and Wales has allowed the founder of Italian online gambling company Microgame, Fabrizio D’Aloia, to sue anonymous individuals by sending non-fungible tokens (NFTs) to their addresses. D’Aloya sent about $2.1 million and $230,000 in cryptocurrency in two transactions to two wallets owned by an online broker. It was later revealed that the entrepreneur had fallen victim to fraudsters.
Case details. The exchanges Binance, Poloniex, Gate.io, OKX and Bitkub identified D’Aloy’s funds. Last month he obtained a court order prohibiting the platforms from moving his assets. Now, with the help of NFT, the businessman will be able to send court documents to the fraudsters’ wallets. In an interview for CoinDesk, attorney Joanna Bailey, who is working on the case, said:
“This precedent is important because it shows the court’s willingness to adapt to new technology, embrace blockchain and engage directly in processes to help consumers where previous law and regulators simply could not.”
Non-fungible tokens have increasingly begun to be used in everyday life. For example, the South Korean exchange Korbit has begun issuing employee IDs in the form of NFTs. Also, South Korea’s Songyungwan University began issuing diplomas and awards to students in the NFT format. And the GT Vincenzo Sospiri Racing team will use tokens to certify auto parts.