Crypto-Asset Disputes | FinTech

Bird & Bird has acted on a number of significant cryptocurrency litigation cases in recent years. Its team is particularly well known for its strength in the technology sector.

CYK represents two defendant blockchain developers, Jason Cox and Amaury Sechet, in the Tulip Trading case involving Dr Craig Wright. Dr Wright has claimed to be the inventor of Bitcoin, Satoshi Nakamoto, and alleges that the defendants are breaching fiduciary duties by not amending the core code of the network to allow his company, Tulip Trading, to gain access to a Bitcoin wallet containing BTC110,000.

Penningtons Manches Cooper acted for a defendant company accused of conspiracy to defraud, knowing receipt and dishonest assistance, having allegedly received stolen Bitcoin into its digital wallet. The firm secured the discharge of a worldwide freezing order made against the defendant company's accounts and crypto wallets and ultimately had the claims dismissed.

Shoosmiths is well regarded for its digital asset recovery capabilities, focusing on the tracing and recovery of cryptocurrencies and NFTs. The firm's blockchain litigation team has particular experience in asset tracing and recovery in crypto-fraud matters and ransomware cases where the ransom is paid in cryptocurrency.