In what could represent a landmark legal development for the crypto industry, US law firm Holland & Knight has served a defendant a pre-trial temporary injunction as a non-fungible token (NFT), acting in a legal case involving its client, crypto exchange LCX.
For the "first time in history", “a temporary restraining order (TRO) to a defendant had been served via NFT,” according to the exchange.
Per the exchange,
"This innovative method of serving an anonymous defendant was approved by the New York Supreme Court and is an example of how innovation can provide legitimacy and transparency to a market that some believe is ungovernable."
Similarly, Monty Metzger, CEO and Founder of LCX, tweeted that the court order “marks a historic milestone for the blockchain and crypto industry, as a sign of maturity and new transparency,”
In a statement, Holland & Knight said that the NFT subpoena was created and airdropped to the defendant by the law firm’s asset recovery team. They called...
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