Obtaining Redress for Victims of Crypto Fraud

March 2024

Abstract

The English Courts are world leaders in supporting victims of fraud and financial crime involving digital assets. Innovative approaches to such things as gateways for service out of jurisdiction, service by NFT and the granting of orders in both fiat and digital currencies are readily given consideration. The enforcement of judgments and the recovery of assets remains key to this entire process. Financial restitution is the very purpose of this potentially costly process, after all.

Authors

Carmel King

Director, Insolvency and Asset Recovery , Grant Thornton UK, UK

Carmel King is an insolvency practitioner in Grant Thornton UK’s Insolvency and Asset Recovery team, specialising in investigations, asset tracing and recovery actions for clients who have suffered a financial loss as a result of fraud. Carmel leads the Crypto and Digital Asset Recovery Practice, which combines blockchain analytics with corporate intelligence and digital forensic techniques to conduct investigations, alongside insolvency proceedings, court-appointed receiverships, other civil procedures and litigation funding to formulate legal claims and enforce judgements. She regularly presents on the topic and is widely published in this subject matter. Carmel is the Vice-Chair of CFAAR, the Crypto Fraud and Asset Recovery network, and the Co-Chair of INSOL Europe’s Anti-Fraud Forum.

Companies

Littleton Chambers

Grant Thornton UK

Grant Thornton have a presence in over 145 countries. They employ 68,000 people across the world with over 5,000 in the UK. Grant Thornton has a market leading team focused on global asset tracing and recovery who are differentiated by their expertise in not only finding hidden assets, but also being able to assist in their successful recovery.

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John deVadoss

Board Member, Global Blockchain Business Council, USA

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Tim Hartin

Group Company Secretary, Westpac Banking Corporation, Australia

Rachel Saffron

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Suzanna Dabski