Burwick Law Seeks to Handle $440 Million Cryptocurrency Lawsuit via NFT

According to ChainCatcher, as reported by Protos, crypto law firm Burwick Law is seeking to serve a $440 million cryptocurrency lawsuit to a Dubai real estate developer via NFT. Last December, the firm filed a lawsuit against seven defendants, including Peter McInnes, accusing them of stealing over $450 million in investor funds through a crypto-based Ponzi scheme.

Burwick Law has requested to serve the hard-to-reach defendants with legal documents via NFT. The firm believes that since the alleged Ponzi scheme relied on social media promotion and NFT sales, serving documents through NFTs is appropriate.

Previously, it was reported that Burwick Law, on behalf of its clients, filed a lawsuit in the New York Supreme Court against Kelsier Ventures, KIP Protocol, Meteora, and related parties regarding the issuance of LIBRA tokens. The class action complaint alleges that the defendants orchestrated an unfair token issuance, misled buyers, and harmed the interests of retail investors.