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On Wednesday, 28 September 2022 I was a panelist alongside my Brown Rudnick colleagues Jane Colston and Jessica Lee (London) and Stephen D. Palley (Washington DC) discussing recent developments in crypto fraud. The session was recorded and is available here, but some of the key points of the discussion and areas of comparison between the US and the UK included:
Is the “crypto winter” and falling price of cryptocurrencies resulting in less fraud in the area?
Victims of crypto fraud do have a chance of recovery as transactions can be traced even where the perpetrators of the fraud are unknown
Orders can be obtained to enable the discovery of the identity of the fraudster, though there can be some difficulties here
Incoming regulation will hopefully improve the prospects of recovery in crypto fraud cases
Other interesting developments to watch in this space include:
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
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