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Cryptocurrency Debt Enforcement Through Seizure of Return Claims

Cryptocurrency Debt Enforcement Through Seizure of Return Claims

Client Information
Individual / Creditor
 
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.