Hackers Receive NFT Court Documents
The first ever case of sending a court decision via NFT airdrop has happened in the USA.
In December 2021, hackers scammed Rangan Bandyopadhyay by forcing the victim to link his Coinbase wallet to a fake liquidity mining pool. Tether ($USDT) worth 971,291 USD was subsequently stolen from the wallet.
The case was then transferred to a US federal court, with Judge Beth Bloom of the U.S. District Court for the Southern District of Florida ruling in favor of the plaintiff. Bloom ruled that the hackers were responsible for the theft and, although their identities are unknown, they must repay the equivalent amount plus interest.
NFT technology was used to deliver the court documents
The identities and whereabouts of the hackers are of course unknown, but Judge Bloom ruled that the court filings would be created as NFTs and sent using the same on-chain addresses from which the funds were siphoned. The filings show that after the victim's funds were taken from Coinbase, they were moved several times until they eventually ended up on the Binance exchange. It is not yet clear exactly how the funds will be recovered.
However, according to the victim's attorney, Fernando Bobadilla, they are confident that they will get at least some of the stolen funds back. This belief is based on the transparency and traceability that blockchain technology offers. Although the individuals are anonymous, it is possible to track the movements of the funds until they are left lying around.
Bombadilla expressed in a press interview that, “These fraudsters are usually outfits outside of the United States, and everything that they tell the victim is a lie about their own identity. But what they can’t hide is the transfer of the funds via the blockchain. The ledger is there, and they can’t hide.”
At this point, only time will tell if the method will be successful and the victim will get back at least some of the stolen funds.
Source: nftplazas.com
analyst opinion
Jakub Odvářka
In December 2021, hackers scammed Rangan Bandyopadhyay by forcing the victim to link his Coinbase wallet to a fake liquidity mining pool. Tether ($USDT) worth 971,291 USD was subsequently stolen from the wallet.
The case was then transferred to a US federal court, with Judge Beth Bloom of the U.S. District Court for the Southern District of Florida ruling in favor of the plaintiff. Bloom ruled that the hackers were responsible for the theft and, although their identities are unknown, they must repay the equivalent amount plus interest.
NFT technology was used to deliver the court documents
The identities and whereabouts of the hackers are of course unknown, but Judge Bloom ruled that the court filings would be created as NFTs and sent using the same on-chain addresses from which the funds were siphoned. The filings show that after the victim's funds were taken from Coinbase, they were moved several times until they eventually ended up on the Binance exchange. It is not yet clear exactly how the funds will be recovered.
However, according to the victim's attorney, Fernando Bobadilla, they are confident that they will get at least some of the stolen funds back. This belief is based on the transparency and traceability that blockchain technology offers. Although the individuals are anonymous, it is possible to track the movements of the funds until they are left lying around.
Bombadilla expressed in a press interview that, “These fraudsters are usually outfits outside of the United States, and everything that they tell the victim is a lie about their own identity. But what they can’t hide is the transfer of the funds via the blockchain. The ledger is there, and they can’t hide.”
At this point, only time will tell if the method will be successful and the victim will get back at least some of the stolen funds.
Source: nftplazas.com
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