Typo-Doomed $1 Million Crypto Transfer Tests Commercial Law
A typo-flawed $1 million cryptocurrency transfer prompted a US appeals panel in Boston to struggle with the virtue of applying commercial laws governing the replacement of paper stock certificates to digital currencies sent to the wrong blockchain wallet.
The US Court of Appeals for the First Circuit panel posed tough questions to both sides of Celacare Technologies’ attempt to revive its bid to have Circle Internet Financial, a cryptocurrency issuer, replace the $1 million in USDC stablecoins that its chief executive lost when mistakenly transcribing a “B” in the wallet address as the number ”8”.
Celacare wants the lost coins …
