The John Joseph Moakley U.S. Courthouse in Boston, Massachusetts. It serves as headquarters for the US Court of Appeals and the US District Court for the District of Massachusetts. (Credit: demerzel21/Adobe Stock)
An infectious disease biotechnology company, whose CEO sent $1 million worth of U.S. dollar coins on the Ethereum blockchain to the wrong wallet address, has sued a global financial technology firm in a federal district court in Boston after it refused to reimburse the business, despite knowing the crypto was sent to the wrong wallet.
Daniel Maland, a partner at Rennert Vogel Mandler & Rodriguez in Miami and the immediate-past co-chair of the Florida Bar Business Law Section Blockchain and Digital Assets Committee, said the case involving the plaintiff Celacare Technologies Inc., who sued the defendant Circle Internet Financial Inc., appears only to have merit because it involves crypto.
Daniel Maland of Rennert Vogel Mandler & Rodriguez. (Courtesy photo)
