ARTICLE · 21 MARCH 2023

Navigating The Labyrinth: Cryptocurrency Enforcement

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The hype surrounding cryptoassets has led to an explosion in cryptocurrency-related frauds. This new and fast-evolving frontier of fraud gives rise to various novel legal issues, due to the nature of cryptocurrencies.

SingaporeTechnology

*This article was first published on the Singapore Law Gazette

The hype surrounding cryptoassets has led to an explosion in cryptocurrency-related frauds. This new and fast-evolving frontier of fraud gives rise to various novel legal issues, due to the nature of cryptocurrencies.

This article will briefly explain how cryptocurrencies work, then discuss how courts have dealt with the novel issues posed by cryptocurrencies in fraud investigations and recovery, including the following:

Is cryptocurrency property?
Where are cryptoassets domiciled?
Can interim injunctions be granted against persons unknown?
How to identify the fraudsters?
How to serve court documents against unknown fraudsters?

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