The plaintiffs brought a motion for a Norwich order against two cryptocurrency exchanges to trace assets allegedly misappropriated by the defendants in relation to a meme coin project.
The plaintiffs sought to identify the owners of wallets to which the unaccounted crypto assets were sent.
The court dismissed the motion, finding that the plaintiffs had already identified the alleged wrongdoers, commenced an action, and could obtain the information through the normal discovery process or a motion for third-party production.
The court concluded that a Norwich order was not necessary and the interests of justice did not favour granting it.
