Plaintiff
Defendant
Background:
Cao Hung Nguyen, also known as Hung Nguyen, filed a lawsuit against Daniel Tambosso and DTKS Enterprises Ltd. Nguyen claimed he loaned a total of 22 Bitcoins to Tambosso under two contracts, with the expectation of repayment within 48 hours, along with additional compensation if certain conditions were met. Tambosso failed to repay the Bitcoin, leading to this legal dispute.
Legal Issues:
The key issues were whether binding contracts existed between Nguyen and the defendants, and if so, whether there was a breach of these contracts. Tambosso argued that no binding contracts were formed, citing issues like a lack of initialing on contract deletions and claiming he did not personally receive the Bitcoin. He also raised defenses based on mistake, frustration, and impossibility of performance.
Court's Findings:
The court found that binding contracts were indeed formed between Nguyen and Tambosso, and that these contracts were breached when Tambosso failed to return the Bitcoins. The court dismissed all of Tambosso’s defenses, including claims of mistake, frustration, and impossibility.
Award:
The court awarded Cao Hung Nguyen damages of $1,240,106.22, representing the value of the 22 Bitcoins as of the date of the breach. Additionally, Nguyen was awarded court-ordered interest from September 24, 2021, and his legal costs.
Court
Supreme Court of British ColumbiaCase Number
S221616Practice Area
Civil litigationAmount
$ 1,240,106Winner
PlaintiffTrial Start Date
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