Lawsuit Served via NFT
The New York Attorney General, Letitia James, is utilizing an innovative approach by serving a lawsuit against crypto thieves through NFTs, arising from a $2.2 million theft case. This unique method seeks to address challenges in traditional legal notifications as it directs scam participants to a webpage detailing the legal action. This represents the first instance where a state or federal regulator has employed an NFT for lawsuit notification, potentially setting a precedent for future legal proceedings involving cryptocurrencies. Key Details of the Lawsuit: Involves scammers who targeted individuals seeking remote jobs, enticing them to deposit stablecoins (USDT and USDC) under false pretenses. Aims to recover the stolen funds while imposing damages and legal fees. Mirrors the structure of "pig-butchering" scams which exploit victims through intricate relationships to extract more money. Show Less
