Burwick Law requests to handle a $440 million cryptocurrency lawsuit through NFTs

ChainCatcher news, according to Protos, the cryptocurrency law firm Burwick Law aims to deliver a $440 million cryptocurrency lawsuit to a Dubai real estate developer using NFTs. The firm filed a lawsuit last December against seven defendants, including Peter McInnes, accusing them of stealing over $450 million in investor funds through a cryptocurrency-based Ponzi scheme.

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

In previous news, the law firm Burwick Law has filed a lawsuit in the New York Supreme Court on behalf of its clients against Kelsier Ventures, KIP Protocol, Meteora, and related parties regarding the LIBRA token issuance. This class action lawsuit accuses the defendants of orchestrating an unfair token issuance campaign that misled buyers and harmed the interests of retail investors.