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

On January 25th, it was reported that a court order related to fraud claims was "successfully executed" after being sent to two cryptocurrency wallets using tokenization technology in Hong Kong. Experts suggest that this innovative method will set a precedent for other jurisdictions and enhance Hong Kong's attractiveness as a technology hub. The injunction was delivered to 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 false statement scam and lost over $2.6 million.

The plaintiff in the civil lawsuit is a marketing consulting company called Worldwide A-Plus, which transferred $2.66 million worth of Tether (a stablecoin pegged to the US dollar) to two wallets controlled by fraudsters who claimed to be salespeople for an online marketing platform that was hacked.

The order names the unknown holders of the two wallets as defendants in the case, approved by Deputy High Court Judge Douglas Lam on December 5th and subsequently served by Ravenscroft & Schmierer law firm in the form of a "tokenized legal notice."