PANews reported on January 25 that according to the South China Morning Post, a court order related to a fraud claim in Hong Kong was "successfully executed" after being sent to two cryptocurrency wallets using tokenization technology. Experts said that this novel approach will set a precedent for other jurisdictions and enhance Hong Kong's attractiveness as a technology center.

The injunction was served on the unknown holders of two wallet addresses on the Tron blockchain, prohibiting them from disposing of assets “globally and in Hong Kong” after a Hong Kong company fell victim to a misrepresentation scam and lost more than $2.6 million.

The plaintiff in the civil lawsuit is Worldwide A-Plus, a marketing consulting firm, which transferred $2.66 million worth of Tether, a stablecoin pegged to the U.S. dollar, to two wallets controlled by scammers who claimed to be salespeople for an online marketing platform that had been hacked.

The order, which names the unknown holders of the two wallets as defendants in the case, was approved by Superior Court Associate Judge Douglas Lam on Dec. 5 and subsequently served in the form of a “Tokenized Legal Notice” by law firm Ravenscroft & Schmierer.

Public records retrieved on blockchain scanning platform Tronscan on Jan. 17 show that both wallets contain a token called “2-Jan25-Notice,” which was transferred on Jan. 3 with a message indicating that the original court order was still in effect.