Preventing a ‘Rug Pull’: Ontario Superior Court on Risk of Crypto-Asset Flight and Freezing NFTs
In a recent decision of the Ontario Superior Court of Justice, McRae-Yu v. Profitly Incorporated et al., Hooper J. granted and then upheld a Mareva injunction in the context of an allegedly fraudulent non-fungible token (“NFT”) collection called “Boneheads.” The judgment offers an important illustration of how courts may approach NFTs, “minting,” and the potential […]