The crypto market has been through a tumultuous past year. Within months, the market went from all-time highs to the coldest crypto winter as Three Arrows Capital cratered, spreading a contagion that consumed the likes of Celsius, Voyage, TerraLuna and FTX amongst others. Meanwhile, the industry continues to be ravaged by crypto crime, with Chainalysis reporting crypto scam ‘revenue’ at US$5.9 billion in 2022 led by ‘investment’-type scams. These developments have led to an uptick in crypto litigation.
In this Update, we explore the notable crypto litigation developments in the past year, taking a closer look at significant cases from Singapore, the UK, and the US. We examine how the courts are dealing with key issues in crypto disputes, including issues of jurisdiction, service of court documents, and the duties of blockchain developers and crypto exchanges.
For more information, click here to read the full Legal Update.
