Cosgrove Gaynard Solicitors were delighted to be involved in a recent case for a private client in the High Court, in which we sought a Norwich Pharmacal Order to direct Coinbase Europe Limited to hand over details of an account/account holder who may be connected with stolen bitcoin.
Cosgrove Gaynard Solicitors were delighted to be involved in a recent case for a private client in the High Court, in which we sought a Norwich Pharmacal Order to direct Coinbase Europe Limited to hand over details of an account/account holder who may be connected with stolen bitcoin.
Our client held an account with Mt. Gox which was hacked and 41.96 bitcoin were stolen from his exchange wallet. This pre-dated the large-scale hack of Mt. Gox which ultimately led to its collapse.
Our client engaged a blockchain specialist in the United States to track the movement from Mt. Gox to an account with Coinbase Europe Limited. To move this matter forward, our client instructed us at Cosgrove Gaynard Solicitors to lodge proceedings to obtain the required information about this account from Coinbase Europe Limited.
Our application was ultimately not opposed by Coinbase on this occasion and an order was made by the High Court to compel Coinbase Europe Limited to furnish us with the identity of the account and account holder.
If you need any more information on Norwich Pharmacal Orders check out our blog here.
Following the introduction of the Markets in Crypto-Assets (MiCA) regulation in the European Union, the legal framework that now governs Initial Coin Offerings (ICOs) in Europe is clearly defined under MiCA. This regulation provides comprehensive rules for the issuance and marketing of crypto-assets, including ICOs, across the EU member states.
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