page contents
 
  • Mikhail Adam

Cryptocurrency Fraud


With the astronomical rise in the value of bitcoin and other similar cryptocurrency, there has been a corresponding increase in the number of cryptocurrency related trading frauds being reported.


The nature, value and type of such scams may vary but they often comprise one or more of the following areas:

  • phishing

  • mining

  • pyramid schemes

  • fraudulent Initial Coin Offerings (ICOs)

  • fake exchanges and wallets

  • pump and dump schemes

Due to the novelty of cryptocurrencies, English law is currently under development. However, in a recent landmark judgment, it was held that victims of cryptocurrency fraud may be able to seek injunctive relief and / or disclosure orders against the perpetrators whether they are known or unknown and whether or not they are located in the UK.


If you believe that you have become a victim of a cryptocurrency scam or would otherwise like to discuss your options, then please contact one of our advisors for an initial free consultation.

23 views0 comments

Recent Posts

See All

Need to challenge a Settled Status decision?

Your available options include: Submit a fresh application A Right of Appeal – this applies to decisions under the EU Settlement Scheme made on or after 11pm on 31 January 2020 - Appeals will usually

EU Settlement Scheme closing soon

EU, EEA or Swiss citizens have until 30 June 2021 to apply to the EU Settlement Scheme in order to continue living in the UK after this date. Those who submit a valid application by this deadline will

Covid-19: Unable to travel?

If you intend to leave the UK but have been unable to do so due to restrictions surrounding the Covid-19 pandemic, you may be able to request additional time to stay in the UK. To do so, you will need