🇭🇰 In a precedent-setting move, a court in Hong Kong successfully executed an injunction using tokenization technology! The order bans the sale or transfer of USDT stablecoins worth 2.66 million. This move stemmed from a scam in which Worldwide A-Plus transferred funds to a fake representation. Experts believe this boosts Hong Kong's appeal as a tech hub. 🕵️‍♂️ Public records on Tronscan showed two wallets with a token indicating the initial court order is still in effect. Tokenized legal notices are gaining traction for their efficiency, transparency, and cost reduction. However, challenges still exist, including technological and security concerns, as well as public and legal professional acceptance. What does this mean for crypto exchanges? Cybersecurity consultant Joshua Chu says transactions with these wallets would violate criminal law. Moses Park, counsel for the plaintiff, highlighted the difficulty in serving court documents under existing laws. Proponents believe this new approach will help hold illicit actors accountable. What are your thoughts on this groundbreaking development?