Brazilian Judge Allows NFT Subpoenas to Bitcoin Wallets in BWA Brazil Fraud Case

According to Cryptoslate, a Brazilian court has approved the use of Non-Fungible Token to serve notice to an unidentified defendant in a case involving missing BTC, related to the allegedly fraudulent BWA Brazil company. This decision stems from a legal lawsuit filed by the court-appointed trustee of BWA Brazil's bankruptcy estate, who is attempting to interrupt the statute of limitations on claims related to crypto assets allegedly acquired using creditors' funds. The bankruptcy estate requested the court's permission to digitally serve legal procedure documents by minting a Non-Fungible Token containing relevant legal documents and sending it to the wallet address initially involved in the transactions. Additionally, the prosecutor's office submitted a favorable opinion supporting the trustee's request. The measure targets digital asset holders whose identities are unknown but whose wallet addresses can be traced through the BTC blockchain. The bankruptcy estate claims that approximately 11,200 BTC were acquired using creditors' funds. At current prices, 11,200 BTC is worth over $900 million. According to the litigation documents, these transactions occurred before bankruptcy and may currently be subject to recovery procedures.