In a landmark ruling last week, the supreme court of New York airdropped an NFT “service token,” establishing a precedent that could greatly impact the Non-Fungible Token (NFT) space for decades.
According to a court document dated June 6 seen by ZyCrypto, the court cleared US-based law firm ‘Holland & Knight’ to serve a defendant accused of conducting a hack with a temporary restraining order through an NFT.
The hacker was allegedly involved in the exploit that left $8 million missing from the LCX’s exchange in January. Although the exchange had been able to track down and freeze 60% of the stolen funds including 500ETH and $1.3 million worth of USDC through Coinbase and USDC issuer Circle, it was yet to recover the remaining funds as the hacker had been using Tornado cash to obfuscate the assets.
Using “algorithmic forensic analysis” the exchange had however managed to uncover the hacker’s destination addresses prompting the plaintiff to embed a hyperlink to the notice that...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...