Suit Over Blockchain Property Rights Survives Dismissal Bid

Blockonomics is a decentralized and permissionless bitcoin payment solution
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Law360 (August 10, 2021, 9:12 PM EDT) — A cryptocurrency fanatic who took benefit of a bug in a blockchain group’s code to mint hundreds of thousands of tokens can pursue claims that he’s entitled to the tokens, a California federal choose discovered, saying the case raises novel questions on digital property.

Mark Shin has adequately alleged that ICON Basis was mistaken to get his crypto-asset accounts frozen after he took benefit of its flawed code, U.S. District Choose William H. Orrick stated Monday. The case addresses property rights regarding blockchains and decentralized know-how, a comparatively contemporary authorized frontier.

Shin “seems to lift problems with first impression: each events try…

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