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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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.
