BTC Core developer Luke Dashjr reported the theft of millions of dollars of BTC from a private server he operated. On new year's eve, four transactions moved 216.9 BTC—valued at $3.6 million.
Coinbase is about to launch its ERC-20 self-service asset recovery tool, designed to help users regain assets they may have lost in mistaken transactions to Coinbase wallets.
Central to the respondent developers’ argument is the impracticality of assigning fiduciary and tortious responsibility to developers in this way.
The U.K. Court of Appeal heard Tulip Trading’s arguments that blockchain engineers owe fiduciary and tortious duties to those who use their blockchains today.
Blacklist Manager has the potential to curb criminal activity in the digital asset space if its use is proven, says Joshua Henslee, but "crypto" anarchists will likely be on edge about this.
Stolen bitcoins have always been recoverable through a legal process, and the retrieval of such assets was only hindered by blockers who refused to enforce the rules.
The Digital Asset Recovery Toolset would mean that anybody with a court order establishing ownership of digital assets can use a designated Notary entity to translate the court order into a format that can be transmitted and interpreted by the mining network.
Today, many in the digital currency space believe asset seizure and freezing to be technically impossible, as the system is “decentralized” and it cannot be done due to being “simple math.”
The English Court of Appeal will hear Tulip Trading’s case on the legal duties owed by blockchain developers, granting permission to appeal the High Court’s decision to strike the case out for lack of jurisdiction.
The suit arises from a hack on Dr. Craig Wright’s home network in 2020 which saw the keys to a colossal amount of Bitcoin stolen from him.
Joshua Henslee recently released a video expressing his opinion concerning the U.K. court decision on Dr. Craig Wright’s claim that BTC developers are fiduciaries.
Dr. Craig Wright was in the same frustrating position as the countless other victims of digital asset theft: he knows exactly where his coins ‘sit’ on the blockchain yet is unable to access that property without the necessary private keys.
