Can a person steal property located in Delaware, and yet a Delaware court lack personal jurisdiction over the thief? For tangible assets like real property or money held in a Delaware bank, the answer would plainly be “no.” But, as the Court of Chancery recently held in a matter of first impression, the analysis changes when the property is cryptocurrency. In Timoria LLC v. Chaib Anis, et al., C.A. No. 2025-0883-JTL (Del. Ch. Oct. 6, 2025), Vice Chancellor Laster considered whether the Court could exercise in rem or quasi in rem jurisdiction over a cryptocurrency (Ether) held by foreign defendants — and concluded that although the digital assets were technically “located” in Delaware, that fact alone was not enough to satisfy due process.
The post Delaware Can’t Hold the Keys: Court of Chancery Limits Back-Door Personal Jurisdiction in Crypto Theft Case appeared first on Enhanced Scrutiny.