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ARTICLE · 02 MAY 2022

Ontario Court Grants Anton Piller Order In Cryptocurrency Heist

Borden Ladner Gervais LLP
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Recently, the Ontario Superior Court of Justice (ONSC) granted an Anton Piller Order to the plaintiff in Cicada 137 LLC v. Medjedovic, 2021 ONSC 8581 (Cicada 137), in connection with the alleged theft...

CanadaTechnology
Raphael Jacob
Raphael Jacob
Andrew Pozzobon
Andrew Pozzobon
Mathew (Mat) Grainger
Mathew (Mat) Grainger
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Recently, the Ontario Superior Court of Justice (ONSC) granted an Anton Piller  Order to the plaintiff in Cicada 137 LLC v. Medjedovic,  2021 ONSC 8581 (Cicada 137), in connection with the alleged theft of $15 million in digital assets from the plaintiff's digital wallet. This is important as it shows the court's willingness to intervene and provide protection related to the hacking of digital assets, such as cryptocurrency. This case is also interesting as the defendant has raised the defence that "Code is Law," which is an untested online theory which provides that it is acceptable for a user to exploit a weakness "within the parameters of the programming code."

Background

The defendant, Andean Medjedovic (the Defendant or Mr. Medjedovic), is a 19 year-old with a master's degree in mathematics from the University of Waterloo who was, until very recently, living with his parents.

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