디센트 법률사무소│DECENT LAW FIRM

Case Details: The client, a creditor, provided 90 Ethereum (ETH) to a debtor under an agreement to exchange it for other cryptocurrencies. However, due to the debtor’s circumstances, the agreed cryptocurrencies were not delivered. Both parties agreed to terminate the contract, and the debtor was obligated to return 90 ETH to the client. Despite this agreement, the debtor failed to fulfill the obligation, leading the client to file a civil lawsuit.

The court ruled in favor of the client, confirming the creditor’s entitlement to 90 ETH and the debtor’s obligation to return the agreed amount.

Decent's Strategy: Despite the favorable court ruling, the debtor still failed to return the cryptocurrency. Given this, Decent Law Firm identified the need for legal action against the debtor’s cryptocurrency return claim with the exchange. Unlike traditional fiat currencies, cryptocurrencies lack legal tender enforceability, making direct monetary enforcement challenging.

Decent Law Firm filed a court application to seize and enforce the debtor’s return claim against the cryptocurrency exchange. This approach targeted the debtor’s legal claim to cryptocurrency rather than the digital assets themselves, aligning with the unique characteristics of digital assets.

Outcome: “Seizure and Enforcement of Cryptocurrency Return Claims Granted”

Thanks to Decent Law Firm’s comprehensive understanding of digital assets and strategic legal measures, the court approved the seizure of the debtor’s cryptocurrency return claim.

The court ordered the cryptocurrency exchange to transfer the debtor’s return claim to the client, enabling the creditor to secure the necessary legal foundation to recover the owed assets.

#CryptocurrencyRecovery # ReturnClaims # DigitalAssetSeizure # EthereumDebt # BlockchainLegalEnforcement

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