The Supreme Court of Canda has ruled out in a case regarding cryptocurrency where a company accidentally sent about 530 Ethereum (ETH) to an investor instead of the intended tokens, which is what he supposed to get. Now the court has ruled out in favor of the company Copy track and has been given full authority to investigate and also recover the sent cryptos.
The investor to whom this was sent by mistakenly took part in their ICO and purchased 530 tokens of the same and instead of sending the investor party 530 tokens, cryptocurrency was sent to his wallet. The value of this 520 ETH is estimated to be around 485,000 Canadian dollars or more, while Copytrack was only supposed to transfer token worth of just $780. It has also been reported that the court has already ordered the investor Brail Wall to begin the process of returning the ETH token as soon as possible, as the investor denied to do so previously, by saying that his wallet was compromised and was unable to return anything.
Moreover, making matters worse is the fact that the investor Brain wall has also passed away. However, after the court has ruled on this matter, there’s still hope for the startup to recover its sent proposition. And also gives us a message that the Supreme has taken an active action in this case and thus hasn’t left crypto out left handing, which also means this will set the path for future Crypto cases of similar type and within this field. Maybe there could be a Special Court for Crypto maters shortly.
- Bitcoin Cash(BCH)$140.07