Judge approves Celsius to serve legal documents on defendants via NFT airdrop

A U.S. bankruptcy judge for the Southern District of New York granted Celsius a motion to allow service of legal documents by airdropping NFTs to the digital asset wallets of anonymous defendants. After Celsius went bankrupt, its bankruptcy estate filed a lawsuit seeking to annul the alleged fraudulent transfers and recover additional funds for its creditors. However, due to the anonymity of the technology, Celsius has not been able to identify the wallet owners associated with the relevant transfers so far, so it proposed an alternative to serve legal documents through NFTs. The airdropped NFT contains a hyperlink to the relevant legal documents, and FTI Consulting will be responsible for confirming the receipt of the NFT on the chain and the time it was opened, while monitoring the traffic accessing the link. In addition, FTI Consulting confirmed that it has tracked the transfers to the wallets involved in the case, and that these wallets have been active since the transfers and are likely still controlled by the same person. The judge concluded that the NFT airdrop was the "best way" to let the defendant know about the actions against them and praised Celsius for its innovative solution. (Bitcoin.com)