A Question Of Timing – Measuring Damages In The Cryptocurrency Context

Summary

The Singapore High Court has, for the first time, set out clear guidance on how to determine the valuation date for damages in cryptocurrency disputes. In World Exchange Services, the Court confirmed that losses should be valued at the point when a claimant could reasonably have been expected to take steps to reduce those losses. Depending on the circumstances, this may be the breach date or a reasonable period afterward.

This provides welcome clarity for both platform operators and users, especially as disputes involving digital assets continue to grow. The decision also highlights how platform communications during service disruptions can influence when users are expected to act to protect their interests.