Non-fungible tokens (NFTs) are becoming an increasingly popular solution to serving defendants in blockchain-based crimes that would otherwise be unreachable, according to crypto lawyers.
The last year has seen an increase in litigation delivered over NFTs in cases where those accused of blockchain crime wereuncontactable through traditional methods of communication.
In November 2022, the United States District Court for the Southern District of Florida granted a United States law firm The Crypto Lawyers its request for its client to serve a defendant via NFT.
While the defendant’s identity was unknown, the plaintiff accused the defendant of stealing cryptocurrency to the approximate value of $958,648.41.
After the plaintiff presented a declaration from a crypto investigator to the court confirming the stolen cryptocurrency transactions, the judge accepted the request to serve this defendant via NFT as it was deemed to be a “reasonably calculated” way to give notice.
Agustin Barbara, managing partner of The Crypto Lawyers told Cointelegraph that serving a defendant via NFT is a…