Canadian Court Decides Unintentionally Sent Ethereum Should Be Returned to Owner
A recent case that took place in British Columbia gives hope to those who have accidentally sent digital assets to the wrong person in the past. In particular, this case involved the displacement of Ethereum tokens belonging to a blockchain startup dubbed, “Copytrack,” into the account of Brian Wall. According to news outlet, The Breaking News Headlines, Wall must return his lucky gains to the rightful owner.
As for what actually went down, it has been revealed that Wall participated in Copytrack’s pre-ICO (Initial Coin Offering) and was waiting on 530 CPY tokens. Instead, he received 530 Ethereum, which is more or less like hitting the jackpot, considering the fact that the former type of tokens is valued at approximately USD$583 compared to the latter’s USD$370,482.
In trying to resolve the problem, Copytrack reached out to Wall – who first rejected to return them, then agreed and finally told the firm that his wallet was hacked into (i.e. transferred tokens were stolen). Once the issue was brought in front of the Canadian court, it was decided that because the tokens are deemed valuables to Copytrack and that they might constitute as an “intangible property,” the right thing to do is to have them reverted.