“… Cyber currency fraud claims have shown a steady up tick in volume over the last 12 to 18 months. Many and perhaps most of these cases appear to be issued in the London Circuit Commercial Court. They pose very significant procedural and jurisdictional difficulties with the same common themes arising in most if not all cases. The problem is an acute one because very often the sums lost are relatively small by the standards of most claims started in the LCCC but the loss can nevertheless be life changing for the victims. Such victims are all too frequently faced with the loss of most, if not all, their life savings, or sums that they have borrowed and on occasion over borrowed and secured against their homes …”
Judge Mark Pelling QC, Issues in crypto currency fraud claims, Crypto Disputes Conference, 29 June.
First posted 2022-07-21 07:00:09
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