In Hong Kong, courts have been given the power to issue tokenized court notices and send them to USDT wallets whose anonymous owners have been found to be engaged in illegal activity.
In particular, this mechanism was applied to two wallets in the blockchain Tron — they were issued legal injunctions demanding that their assets be frozen. The wallets contained a total of 2,65 million USDT, received from victims of an online scam.
In one of the wallets, containing 1 million USDT, you can see token with the name 2-Jan25-Notice (LDT2JAN25), into the data of which a message with the text of the court notice is sewn.
The court ruling states that once the notification is received, all transactions from such wallets will be treated as a criminal offense. If funds are transferred to exchanges, they will have to freeze them.
According to analysts, such a practice will allow judicial authorities to properly influence illegal transactions with cryptocurrencies even without precise identification of end users. In their opinion, the Hong Kong initiative may become an important precedent for global practice in the field of legal regulation of cryptocurrencies.
