Our Crypto Litigation Service
Specialist Legal Support in Cryptocurrency Disputes
Cryptocurrency and blockchain technologies are transforming the way we invest, trade, and hold assets.
Individuals are understandably being drawn into the world of cryptocurrency by the countless stories of people becoming overnight millionaires due to its volatility.
However, often, such individuals fail to properly educate themselves on the underpinning technology and intricacies of obtaining, holding and trading cryptocurrency, which makes it a target for fraudsters.
At Myerson Solicitors, our dedicated crypto asset recovery lawyers provide fast, clear and effective advice to help you recover assets and resolve disputes involving cryptocurrency, NFTs and other digital assets.
How We Can Help
Navigating Regulatory Changes in Cryptocurrency
Evolving regulations are reshaping how lawyers manage cryptocurrency litigation cases to ensure compliance with the law.
Comprehending international and regional regulatory developments is crucial for handling legal matters effectively.
Adhering to regulations enforced by bodies such as the FCA and other global financial authorities is essential in the crypto sector.
Lawyers must keep clients informed about any potential regulatory changes that may impact their crypto investments or token offerings.
While these changes present new challenges, they also create opportunities for developing innovative legal strategies to protect asset management and ensure seamless transactions in this fast-evolving market.
Fraud and Asset Recovery
The most common cryptocurrency fraud schemes involve fake investment schemes, in which individuals are induced to transfer either fiat (traditional currency) or cryptocurrency to a fraudster's wallet.
- Investigate a civil claim to recover stolen funds or cryptocurrency, including digital assets.
- Investigate a civil claim to recover stolen funds or cryptocurrency.
- Apply for proprietary or freezing injunctions – urgent court orders preventing fraudsters from moving cryptocurrency.
- Seek disclosure orders requiring banks, exchanges and other third parties to share vital information.
- Issue High Court claims against fraudsters to recover cryptocurrency
We also work closely with blockchain forensic experts who can trace stolen digital assets across the blockchain, helping us track transactions and identify wallets.
Frozen Crypto Wallets
A crypto wallet is the digital tool used to store your cryptocurrency.
Wallets can sometimes be frozen, either due to suspicion of money laundering, technical issues, or exchange policies.
- If frozen due to regulatory investigations (such as under the Proceeds of Crime Act), options may be limited.
- Where freezes are unfair or in breach of terms, we can review the exchange’s contract and advise on potential claims for losses.
Closed Crypto Accounts
Exchanges and wallet providers often reserve the right to close accounts without notice. If this has caused you financial loss, we can:
- Review the provider’s terms and conditions. Assess whether the closure was lawful.
- Advise on possible claims for breach of contract and oversee cases involving digital currency.
Jurisdictional Issues
Crypto disputes often span multiple countries.
Even if a fraudster is outside England & Wales, the courts here may still accept jurisdiction if:
- You are based in England & Wales; or the activity involved digital assets located in this jurisdiction.
Our Approach
- Specialist Knowledge – Our team combines commercial litigation expertise with a strong understanding of cryptocurrency and blockchain.
- Asset Tracing – Using blockchain forensic tools, and connections to independent investigators, we trace transactions across public ledgers.
- Protective Court Orders – We act quickly to obtain injunctions, freezing orders and disclosure orders before assets can be dissipated.
- Multi-Jurisdictional Experience – We work with international investigators, exchanges and overseas lawyers on complex cross-border disputes.
The Importance of a Crypto Litigation Lawyer in Digital Assets Law
When seeking a crypto litigation lawyer, clients should find professionals well-versed in both legal expertise concerning cryptoassets and possessing a solid understanding of blockchain technology.
A lawyer with experience in digital assets can adeptly navigate the intricate layers of crypto regulations and ensure compliance with legal standards.
Business clients especially need lawyers who offer comprehensive legal counsel, including advice on regulatory developments affecting cryptoassets and digital currency.
Additionally, the ideal lawyer should have extensive experience in criminal, economic, and commercial law, with strong enforcement capabilities to assist clients in fraud recovery and prevention.
Why Work With Our Crypto Litigation Team
- Recognised Expertise – For the past seven years, the Legal 500 has rated Myerson as a Top Tier legal firm.
- Our Dispute Resolution Group has over 30 specialist lawyers, each with expertise in cryptocurrency and blockchain disputes.
- City-Quality, Regional Pricing – You benefit from top-tier legal advice within the financial law sphere without the high cost of a City firm.
- Partner-Led Service – We provide a partner-led, personal service with clear, strategic guidance throughout your case.
- We act quickly to secure injunctions and protect your crypto assets.
- We act quickly to secure injunctions and protect your assets.
- Tailored Advice – Every dispute is unique. We adapt our approach to your individual circumstances and objectives.
- Collaborative and Efficient – Operating from a single location, our team collaborates seamlessly across departments to handle complex digital currency disputes.
- Technology-Driven – We use the latest legal technology to deliver efficient, effective services and stay connected with clients wherever they are based.
- Added Value – Clients receive regular newsletters and webinars on dispute resolution and legal developments.
- See our Myerson Promise to learn more about the benefits of working with us.
Crypto Litigation FAQs
Can digital assets, such as cryptocurrency transactions, really be traced?
Yes.
Although transactions can appear anonymous, they are recorded on public blockchains.
Using forensic tools, it is often possible to trace assets and identify wallets.
What is a freezing injunction?
A freezing injunction is a court order that prevents digital assets from being moved or sold during a dispute. In crypto cases, this injunction stops fraudsters from dissipating stolen currency.
What should I do if my crypto wallet is frozen?
If frozen due to suspected money laundering, options may be limited. If the contract is unfairly frozen or breached, we can review it and advise on possible claims.
Can I bring a claim if the fraudster is overseas?
Yes. English courts may accept jurisdiction if there is a strong link to England & Wales, such as the victim being based here or the assets located here.
What types of crypto disputes do you handle?
- Investment scams
- Stolen digital assets
- Misrepresentation or mis-selling of crypto investments
- Frozen or closed exchange accounts
- Contract disputes involving blockchain technology.
How quickly can action be taken?
Very quickly. We can apply for urgent injunctions and disclosure orders to secure assets and vital information.
Do you work with investigators or experts?
Yes. We work with blockchain analysts, forensic tracers and barristers, as well as liaising with exchanges and regulators.
Business Implications of Crypto Litigation and Finance
Crypto litigation poses significant implications for companies engaged in crypto trading and digital token management.
Companies must be vigilant about legal issues arising from market volatility and blockchain transactions involving digital securities.
Seeking counsel from leading experts in cryptoassets and financial law can help navigate these commercial challenges.
Litigation cases frequently revolve around compliance matters, regulatory investigations, and potential securities violations.
They also include navigating new laws, assisting in tax matter compliance and mitigating cryptocurrency-related risks.
Business operations must proactively address legal risks by establishing comprehensive compliance strategies that align with emerging market trends and legal frameworks, thus safeguarding investor interests and business investments.
Funding
In crypto recovery matters, time is often critical due to the speed at which digital assets can be transferred, dissipated or moved across jurisdictions.
Recovery prospects may be materially affected by delay. Clients must act promptly (i.e. ideally, instructing us no more than 1 week after the suspected fraudulent event), provide full and accurate information, and cooperate fully throughout the investigation and recovery process.
We cannot accept responsibility for losses, reduced recovery prospects or funding limitations arising from delay, incomplete instructions or a failure to act on our advice promptly.
Our Dispute Resolution Solicitors are happy to discuss your situation in a no-obligation and free consultation by telephone.
We also offer different funding arrangements to suit your individual needs. Conditional fee agreements or “No win, no fee” arrangements may be available, as may insurance policies or third-party funding.
However, such funding arrangements will (a) depend on the facts of your case; and (b) only considered in very specific circumstances such as after a freezing order after cryptocurrency has been obtained.
At Myerson, our litigation funding team will provide guidance in handling the financial risk that comes with litigation and directing any of those costs off your credit sheet.
We understand the costs that come with litigation, which is why we act with integrity. We will only provide funding as an option if it is in your best interests. We can advise you on whether your claim is suitable for litigation funding.
Find out more about the different litigation funding options that may be available to you.
Testimonials
Meet Our Crypto Litigation Lawyers
If you are involved in a dispute relating to cryptocurrency, NFTs or other digital assets, our crypto litigation team can help.
Contact Our Experts
You can contact our lawyers below if you have any more questions or want more information: