Holland & Knight, an international law firm, has managed to become the first company to serve a temporary restraining order to a defendant through an NFT. The NFT, at its core, was airdropped by the law firm’s Asset Recovery team in a professional and legal manner.
Previously, many law firms have tried to work with NFTs for legal proceedings but haven’t had luck. But the service-based NFT initiative is ideal to serve different types of defendants anonymously.
In this case, the NFT was served to a defendant on the charges of theft of around $8 million from a FinTech company in Liechtenstein. The defendant in question is a hacker involved in the heist of hot wallets. In fact, direct exploitation on the LCX-based platform led to serious losses in USD Coin, Ether, and other types of cryptocurrencies.