Ex Parte TRO

Definition ∞ An Ex Parte TRO is a temporary restraining order issued by a court without prior notice to the opposing party. In the context of digital assets, such an order might be sought by regulators or victims of fraud to freeze assets or restrict access to accounts on a cryptocurrency exchange or platform. It is typically granted in urgent situations where immediate action is necessary to prevent irreparable harm or the dissipation of assets. The order is temporary, and a full hearing with both parties present usually follows quickly.
Context ∞ The use of Ex Parte TROs in crypto-related legal actions is a growing area of discussion, particularly concerning asset recovery in cases of hacks or scams. Its situation highlights the tension between the speed required to prevent asset movement and due process rights. A critical future development involves courts and legal systems adapting established civil procedure rules to the unique characteristics of decentralized digital assets and global blockchain transactions.