To Address Crypto Fraud Effectively, Learn How Blockchain Works
The cryptocurrency ecosystem requires balance between enabling legitimate fraud recovery and protecting innocent parties. Parties can address fraud involving crypto effectively by providing courts with clear, accurate information about how blockchain technology works.
Cryptocurrency is being embraced by major financial institutions and is recognized as a legitimate asset class. But as with any technology, a small subset of bad actors has exploited its features.
This includes scammers who convince victims to invest in crypto fraud schemes or otherwise demand payment in cryptocurrency. Unable to identify the actual wrongdoers, victims may direct claims at cryptocurrency exchanges and users whose accounts plaintiffs allege—often without…
