CYK Partner Sam Roberts recently spoke at a webinar hosted by FS Club on issues surrounding crypto scams and what you can do about them.
At times it seems that the only thing more popular than crypto is stealing it. 2020 and 2021 have been bumper years for thieves, fraudsters and scammers at both ends of the spectrum – swindling pensioners for pocket change and hacking exchanges for hundreds of millions. The technology underpinning many cryptocurrency networks – the indelible, pseudonymous blockchain – is both a blessing and a curse for victims and lawyers trying to recover stolen assets. On the one hand, victims can often see exactly where their stolen crypto has gone. On the other, without the equivalent of a bank to trace them to, a dose of luck is required to be able identify the wrongdoer and recover the assets. If a victim gets lucky, then the courts can offer invasive and effective tools to make the victim whole.
See link here to view the recording.