New York court order clears the way to serve lawsuit defendant | CCC.io NFT

New York court order clears the way to serve lawsuit defendants via NFT

At the start of this year, Liechtenstein-based exchange LCX was hacked for about $8 million worth of crypto. Now, with the help of law firm Holland & Knight and a court order from a New York Supreme Court justice, it’s come up with a blockchain-based way to serve the anonymous hacker with a lawsuit.

When a plaintiff sues someone, the legal process includes serving the defendant with the complaint and any related orders or documents. In the US and many other jurisdictions, the legal system requires defendants to be given fair notice and the opportunity to respond to claims against them.

But what happens when a defendant’s identity isn’t yet known? The court order LCX has from New York’s Supreme Court contends that you can serve them a non-fungible token (NFT).

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