Making the case for ‘class action’ crypto fraud recovery: Sally Danisz v Matic Markets and Huobi Global Ltd

Pursuing legal remedies to recover stolen cryptoassets is generally complex, time-consuming - and therefore, costly. For these reasons it’s common for individual litigants to only pursue cases in relation to the loss of large sums. However, many cases of crypto fraud involve the misappropriation of relatively smaller amounts from a larger number of individuals. In such cases, an opportunity presents for groups of claimants to share both legal costs and case specific ‘intel’, thereby increasing the prospects of recovery....

May 8, 2022 · 4 min

English court confirms legal remedies available in NFT crypto fraud cases

In a crypto-fraud case brought in March 2022, the High Court has made rulings which confirm that non-fungible tokens (‘NFTs’) are to be treated as legal property under the law of England and Wales. Lavinia Deborah Osbourne v. (1) Persons Unknown and (2) Ozone Networks, Inc. provides welcome confirmation that evolving legal remedies are available to NFT fraud victims who can satisfy the jurisdictional requirements to gain access to the English courts....

May 3, 2022 · 3 min