A First! Brazilian Court Uses Blockchain Technology for Legal Notices in Bitcoin Scam Case!
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Apr 01 2025Brazilian Court Approves NFT Subpoenas: A Brazilian court has authorized the use of non-fungible tokens (NFTs) to notify unknown Bitcoin owners involved in a $900 million pyramid scheme linked to BWA Brazil, allowing legal documents to be sent directly to suspected wallet addresses.
Background on BWA Brazil's Scheme: Founded in 2017, BWA Brazil promised unrealistic returns on Bitcoin investments and froze withdrawals in 2020, leading to losses exceeding $52.2 million for investors; its founders are currently at large after allegedly embezzling funds.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
