Sohaib

Lawyer ⚖️ | Legal Services for Tech (Blockchain, Cryptocurrency, DAOs, NFTs, AI, and Web 3.0)

[Sohaib @cryptohaib]

On June 15, 2023, @0xTAY_ and I, successfully obtained a Mareva ("freezing") Order against a group of Defendants, referred to collectively as the “Boneheads team”. Our statement of claim alleges fraudulent misrepresentation, breach of contract, anti-consumer friendly and anti-competitive practices in relation to the sale of the Boneheads NFT, which was sold to “thousands of consumers across the world with a contract that originated in Ontario”.

In what appears to be a first for Canada, the Ontario Superior Court of Justice allowed us to serve both the Mareva Order and Statement of Claim via an NFT airdrop into 13 cryptocurrency wallets alleged to be controlled by the Boneheads team as a means of notifying a fifth unnamed and unknown Defendant. This means of service was strongly supported by recent jurisprudence in the United Kingdom and United States where a similar Order was granted.

Launching a class action as a sole practitioner has only been possible because of the support and encouragement I have received from members of the legal profession and my friends in the blockchain space. I specifically want to thank @zachxbt for his research and reporting on this as early as a year ago in bringing this matter to light.

For those who are interested, you can access everything you need to know about the lawsuit here: https://t.co/0fNEIRzJN2

#NFT #NFTcommunity #lawyer #litigation #classaction #lawsuit #blockchain #Ethereum

[ZachXBT @zachxbt]

A class action lawsuit was filed in Canada against the Boneheads team for the $3.1M NFT rug pull

The team quickly disappeared and spent the mint funds on BAYCs, luxury goods, and other items never fulfilling the roadmap

Yet another case where my research has been cited

[Sohaib @cryptohaib]

@graildoteth @hytopia They continue to provide hopium to users in their latest Discord post.

"We currently expect downtime to last roughly 1–3 months while the IRS refund process is completed. Once the funds are received, we will provide another update with a clearer plan for next steps."

[Sohaib @cryptohaib]

Thanks to @0xValent as well as other @artblocks_io and @GmStudio artists. Our new website is live. We feature NFT art we own highlighting the possibilities with NFT art ownership. https://t.co/xAk0Di0SFi

[DeLex LLP @DelexLLP]

Our new website is live! A huge shoutout to @0xValent who is the main feature on our website. Also a huge shoutout to artists from @artblocks_io and @GmStudio who are on our website, and will continue to support!

[Sohaib @cryptohaib]

@riley_ngg @Uniswap Thank you !

[Sohaib @cryptohaib]

Why @Uniswap cannot be a security:

1) #UNI was a free airdrop so the "investment of money" prong of the Howey test cannot be met.

2) It is impossible to know if your swap is going to a certain liquidity provider so any investment of money cannot be in a "common enterprise".

[Uniswap @Uniswap]

Today Uniswap Labs received a Wells notice from the SEC

And we're ready to fight

This is the latest political effort to target even the best actors in crypto like Uniswap and Coinbase

All Uniswap products and the Uniswap Protocol are unaffected

https://t.co/i2p5LubELk

[Sohaib @cryptohaib]

I recently described to Brendan Peters (my colleague who doesn't have X) feeling like we were in “no man’s land”. We were either treading where other lawyers, smarter and more experienced, had gone before us only to realize it was a dead end. Or we were breaking new ground. Stories like this validate a lot of the work we are currently doing.

A special thank you to @SheilaWang_ and @EmmaMci who reported on this. The writing is superb.

For anyone who is interested, you can read the full article here: https://t.co/jm3zhN8BcD

#Crypto #cryptofraud #PigButchering #RugPull #Bitcoin

[Sheila Wang @SheilaWang_]

���MORE on #crypto from @EmmaMci and me📢 in collab with @ICIJorg in #CoinLaundry investigation:

The trail had gone cold for millions in stolen crypto. Then came the ‘aha!’ moment that unlocked the mystery

https://t.co/L6xzqzIb74

[Sohaib @cryptohaib]

It's finally mine! The other Sohaib ignored my offers and somehow let it expire. Welcome home ❤️

#ENS #ENSdomains

[Sohaib @cryptohaib]

Read Our Thoughts On Fractionalized Property Ownership in Canada and #DAO legislation.

[DeLex LLP @DelexLLP]

Housing is becoming increasingly inaccessible to Canadians. Read our thoughts on why Canada would benefit from legislation on #DAOs as a legitimate business vehicle, to provide Canadians access to fractionalized property ownership.

Full post: https://t.co/wIFgJwJ3da

[Sohaib @cryptohaib]

Almost daily, I receive calls from Canadian consumers who have lost their life savings to crypto fraud. Read our thoughts on why Canada needs a Federal Digital Assets Task Force to combat this problem.

[DeLex LLP @DelexLLP]

#Canada urgently needs a Federal Digital Assets Task Force to combat the growing problem of cryptocurrency and cybercrime fraud, which resulted in over $624 Million in losses from Canadians in 2024 alone.

Read Our Thoughts Here: https://t.co/uub3MWzml5

[Sohaib @cryptohaib]

@BloomCapital_ Cousin.eth

[Sohaib @cryptohaib]

@JacobRobinsonJD @JacobRobinsonJD You are inspiration! Not sure if you are planning to return back to podcasting but eagerly awaiting next episodes on that front so I can stay up to date on my crypto law. Praying for your continued health 🙏

[Sohaib @cryptohaib]

@BloomCapital_ You forgot "found your long lost cousin"

[Sohaib @cryptohaib]

@UmarQadmiri Farcaster dude, its decentrailized

[Sohaib @cryptohaib]

@calaveritas_eth @BlackstarXXI @CryptoArte That specific token is a pre-AG piece....

[Sohaib @cryptohaib]

@CryptoArte @CryptoArte when midnight blue airdrop?

[Sohaib @cryptohaib]

Not a holder of @pudgypenguins but I do appreciate the free airdrop! $pengu

[Sohaib @cryptohaib]

@CryptoArte Still waiting to acquire the elusive midnight. One day one day...

[Sohaib @cryptohaib]

In light of Opensea's recent registration in the Cayman Islands, many are speculating about the @opensea airdrop. Here is an interesting tool to check your OS volume and rank: https://t.co/5whv6oOdYj

I am rank #4234 - not bad!

[Sohaib @cryptohaib]

@0xTAY_ Wagmi 😂

[Sohaib @cryptohaib]

@ModernAgeInvest Congrats!

[Sohaib @cryptohaib]

@BlackstarXXI They will also declare NFTs “dead” in 12 months when the Bull market ends