Hong Kong court sends legal writ via cryptocurrency wallet for the first time

Odaily News A court order in Hong Kong related to a fraud claim has been “successfully executed” after being sent to two cryptocurrency wallets using tokenization technology, a novel approach that experts say will set a precedent for other jurisdictions and boost Hong Kong’s appeal as a tech hub. The injunction was served on the unknown holders of two wallet addresses on the Tron blockchain, prohibiting them from disposing of assets “globally and in Hong Kong” after a Hong Kong company fell victim to a misrepresentation scam and lost more than $2.6 million.
The plaintiff in the civil lawsuit is Worldwide A-Plus, a marketing consulting firm, which transferred $2.66 million worth of Tether, a stablecoin pegged to the U.S. dollar, to two wallets controlled by scammers who claimed to be salespeople for an online marketing platform that had been hacked.
The order, which names the unknown holders of the two wallets as defendants in the case, was approved by Superior Court Associate Judge Douglas Lam on Dec. 5 and subsequently served in the form of a “Tokenized Legal Notice” by law firm Ravenscroft & Schmierer.