In a case that has thrown up novel questions over the legal status of crypto assets, contract law and potential liability of intermediaries in crypto transactions, a DIFC court has ruled that the intermediary did not assume strict liability of a 300 BTC loss.

Following a retrial ordered by the Dubai International Financial Centre (DIFC) Court of Appeal in the landmark crypto fraud case against Tabarak Investment Capital, Justice Michael Black KC of the DIFC Digital Economy Court yesterday (17