Hong Kong Court Sends 'Legal Notice' via Blockchain to Illegal Wallet Owner

Source
YM Lee

Summary

  • The Hong Kong court reported delivering an asset freezing order to an illegal wallet address via blockchain.
  • This tokenized legal notice technology can make traders in the crypto market aware of their legal responsibilities.
  • It was explained that if the illegal wallet's activities continue, related traders will have an increased awareness of potential criminal law violations.

A Hong Kong court has delivered a tokenized legal notice on the blockchain to the anonymous owner of an illegal wallet address.

According to a report by Cointelegraph on the 15th (local time), the Hong Kong court delivered an asset freezing injunction to a Tron-based wallet address.

Joshua Chu, a consultant at Macro Systems, which provided the tokenized legal notice technology to the Hong Kong court, explained, "If the wallet that received the tokenized notice continues its activities, it will have a positive effect because people transacting with that wallet can recognize that continuing transactions may violate criminal law."

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YM Lee

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