BOWEN
v.
LI
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The court found that the plaintiff's damages calculation, supported by Etherscan's cryptocurrency price data, was sufficient to award default final judgment.
Following a default judgment against the defendant on multiple counts, the plaintiff submitted a supplemental damage declaration using Etherscan to ca…
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Sept. 19, 2022, 5:35:11 AM 189,990 USDT $189,962.66 Oct. 1, 2022, 7:23:47 PM 190,000 USDT $190,049.20 Case No. 23-cv-20399-BLOOM/Otazo-Reyes
Oct. 2, 2022, 12:39:11 AM 8,990 USDT $8,989.08
ECF No. [25-1] § 4 tbls. Plaintiff contends the value of the USDT that he was able to withdraw from Foundrypro is as follows:
1. June 19, 2022
Transaction Hash: Oxbe107effe2c62c9cbd90d6al233da6068 13c51d72f43 ffe84bf9261b7d71ala7 Withdrawal Amount: 12,028.5 USDT USD Value: $12,032.26
2. August 1,2022
Transaction Hash: 0x3b1594b3268753485 146250d308 1 d2c2db3dc04ecec4427el9630a0ca3eba4 34 Withdrawal Amount: 9,900 USDT USD Value: $9,925.64.
' The Transaction Hashes for each transaction are as shown in the Declaration and below:
Sent to Wallet Address: [...] oe
[tana ner emmanomemmuaaae See id.
Case No. 23-cv-20399-BLOOM/Otazo-Reyes
Id. 8. Subtracting the June 19, 2022 and August 1, 2022 withdrawals, Plaintiff calculates his damages as $2,193,611.35. The Court’s calculation matches the Plaintiffs request.? On Plaintiff's representation that Etherscan accurately converts the spot price of the particular cryptocurrency transaction in U.S. Dollars, the Court finds the damages calculation is supported by the evidence on the record. Based on the foregoing, and the Court’s finding that Plaintiff is entitled to default final judgment on Counts Il, II, [IV and V of the Amended Complaint, it is ORDERED AND ADJUDGED that Plaintiff is entitled to $2,193,611.35 in damages. The Court will enter a Final Judgment consistent with this Order and the June 18, 2023 Order. DONE AND ORDERED in Chambers at Miami, Florida, on July 26, 2023.
UNITED STATES DISTRICT JUDGE
Copies to: Counsel of Record
? The Court performed the following calculation: $5,316.71 + $147,592.21 + $144,730.32 + $196,228.39 + $200,174.41 + $143,618.25 + $99,821.46 + $499,204.9 + $195,199.31 + $189,962.66 + $190,049.20 + $8,989.08 + $194,682.35 — $12,032.26 — $9,925.64 = $2,193,611.35.
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Citator
Cited By (22 total)
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Bowen v. LI, 2013 WL 12138555 (S.D. Fla. 2023)…r. 2005) (“Rule 55(b)(2) speaks of evidentiary hearings in a permissive tone . . . . no such hearing is required where all essential evidence is already of record.”) (citations omitted); see also Evans v. Com. Recovery Sys., Inc., No. 13-61031- CIV, 2013 WL 12138555, at *1 (S.D. Fla. Aug. 26, 2013) (“[F]ollowing the entry of a default judgment, damages may be awarded ‘without a hearing [if the] amount claimed is a liquidated sum or one capable of mathematical calculation,’ so long as all essential evidence is a…
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Tmct PLLC v. Wright (S.D. Fla. 2025)…ble of mathematical calculation, so long as all essential evidence is 1 Adopted by the Eleventh Circuit in Bonner v. City of Prichard, 661 F. 2d 1206, 1209 (11th Cir. 1981). a matter of record.” Evans v. Com. Recovery Sys., Inc., No. 13-61031-CIV, 2013 WL 12138555, at *1 (S.D. Fla. Aug. 26, 2013) (quoting S.E.C. v. Smyth, 420 F.3d 1225, 1231–32 n.13 (11th Cir. 2005) (cleaned up)). "After ascertaining the appropriate amount of damages, the Court must enter final judgment in that amount.” Cincinnati Ins. Co. v.…
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Vance v. Doue & Co LLC (S.D. Fla. 2025)…judgment, damages may be awarded “without a hearing if the amount claimed is a liquidated sum or one capable of mathematical calculation, so long as all essential evidence is a matter of record.” Evans v. Com. Recovery Sys., Inc., No. 13-61031-CIV, 2013 WL 12138555, at *1 (S.D. Fla. Aug. 26, 2013) (quoting S.E.C. v. Smyth, 420 F.3d 1225, 1231 (11th Cir. 2005) (cleaned up)). A district court “may conduct hearings . . . when, to enter or effectuate [a default] judgment, it needs to: . . determine the amount of d…
Previewing 3 of 22 citing cases — full citator treatment, depth of discussion, and citing context are member features.
Join FLexlaw to unlock all legal intelligenceAuthorities Cited
- Sec. & Exch. Comm'n v. Smyth, 420 F.3d 1225 (11th Cir. 2005)
- Bowen v. LI, 2013 WL 12138555 (S.D. Fla. 2023)