Law. Faith. Justice. Community. Culture.
⚡ Key takeaways from D’Aloia case on what crypto fraud victims need to establish to trace and claim against a crypto exchange ⚡
The High Court of England and Wales on 12 Sep 2024 delivered a significant judgment in D’Aloia v Persons Unknown Category A & Ors [2024] EWHC 2342 (Ch).
Continue reading “Legal Update: Key takeaways from D’Aloia case on crypto fraud victims tracing and claiming against token exchanges”
⚡ Key takeaways from D’Aloia case on what crypto fraud victims need to establish to trace and claim against a crypto exchange ⚡
The High Court of England and Wales on 12 Sep 2024 delivered a significant judgment in D’Aloia v Persons Unknown Category A & Ors [2024] EWHC 2342 (Ch).
🪙 [Summary]
D’Aloia alleged he was defrauded by unknown persons to transfer crypto incl. USDT. 1D transferred the crypto into various wallets. 7D withdrew it as fiat. A crypto exchange Bitkub was one of the Df which 7D held accounts with, from which fiat was withdrawn. The court held that the claimant failed to prove that his USDT were in Bitkub’s wallets.
Continue reading “Contrasting Web Scraping Cases in SG and US “
APP fraud is a type of scam where an individual or corporate victim is misled to make payment transfers to the fraudster, typically via social engineering. Can victims sue their bank or payment service providers (PSPs) where they suffered APP fraud?
Re Medora Xerxes Jamshid (in his capacity as the private trustee in bankruptcy of Tan Han Meng) (Planar One & Associates Pte Ltd (in liquidation), non-party) [2024] SGHC 196
Issue: Can a proof of debt claim for breach of fiduciary duty / director’s duties be accepted by a private trustee under the proof of debt process in bankruptcy?
Continue reading “Case: A claim for breach of fiduciary duty can a provable debt in bankruptcy”
How should cryptocurrency assets / digital tokens be valued in assessing damages?
When should the digital assets be valued for determining quantum of compensation?
If a company’s website’s terms of use include an arbitration clause, can the company enforce this against a user suing it in the Singapore court to stay the proceedings in favour of arbitration? As always, it depends.
Our team has subject matter expertise in legal, technical, and economic aspects of blockchain-related matters, including token sales, listings, and issuances, SAFTs, real-world asset tokenisation projects, token exchanges, digital asset and on-chain tracing, crypto-related insolvency, and crypto fraud and scams. As Singapore lawyers, we’ve handled cryptocurrency claims involving persons from different jurisdictions/countries and cross-border elements.
In this article (also accessible at Covenant Chambers’ website), we set out various legal issues, considerations and approaches regarding various types of blockchain and crypto disputes and transactions.
Continue reading “Cryptocurrency and Digital Assets Legal Disputes in Singapore”
This article explains everything a founder, CEO, Board Director, manager, or executive would typically encounter in starting and running a business.
Beyond mere information, we share practical guidance and insights from experience.
Continue reading “The Ultimate Guide to Starting and Running a Business in Singapore”