Holland & Knight Serves Defendant Via Token In Industry First

By Sarah Martinson (June 10, 2022, 2:57 PM EDT) — Holland & Knight LLP attorney Andrew Balthazor was about 30 minutes away from arguing to a New York state judge that $1.3 million in allegedly stolen digital assets should be frozen when a colleague asked how they would provide notice to the anonymous defendant.

To come up with a solution, Balthazor and Holland & Knight partner Joe Dewey dug into their experience using digital tokens to validate that claimants were the owners of blockchain addresses in legal actions brought by the U.S. Securities and Exchange Commission against individuals and companies over securities fraud.

Balthazor proposed to a Manhattan judge during arguments…

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