Hong Kong court issues legal order via cryptocurrency wallet for the first time
ChainCatcher news, a court order related to a fraud claim in Hong Kong was "successfully executed" after being sent to two cryptocurrency wallets using tokenization technology, experts say this novel approach will set a precedent for other jurisdictions and enhance Hong Kong's appeal as a technology hub. The injunction was delivered to unknown holders of two wallet addresses on the Tron blockchain after a Hong Kong company became a victim of a false representation scam, losing over $2.6 million, prohibiting them from "disposing of assets globally and in Hong Kong."The plaintiff in the civil lawsuit is a marketing consulting company, Worldwide A-Plus, which transferred $2.66 million worth of Tether (a stablecoin pegged to the US dollar) to two wallets controlled by scammers who claimed to be salespeople from an online marketing platform that had been hacked.The order names the unknown holders of the two wallets as defendants in the case, approved by High Court Deputy Judge Douglas Lam on December 5, and subsequently delivered by Ravenscroft & Schmierer law firm in the form of a "tokenized legal notice."