Courts are grappling with the application of traditional legal principles to "Web3” technologies and tools, such as blockchain, NFTs, and decentralized autonomous organizations. These cases represent an evolution of jurisprudence to address new technologies.
Bankruptcy court for second circuit SDNY allowed Three Arrows Capital 3AC authorized service of a subpoena via social media and email as the founders have refused to cooperate with crypto recovery efforts and fled to foreign countries, Terra LUNA and TerraUST, default by many of 3AC lenders