Company News

Breakthrough in access to justice for victims of crypto fraud

Asset Reality, Grant Thornton UK LLP, Outer Temple Chambers, Rahman Ravelli and Sandton Capital collaborate to help victims of crypto-related fraud overcome access to justice hurdles. While crypto-related fraud reached an all-time high in 2021, with illicit addresses receiving US$14bn over the course of the year*, up 79% on the previous year, matters brought before courts remain comparatively low, in large part due to a lack of funding options for otherwise meritorious lower-value claims. Under the new collaboration, Asset Reality, Grant Thornton UK LLP, Outer Temple Chambers, Rahman Ravelli have established a triage system for the initial assessment of claims, with investigatory and corporate intelligence expertise then deployed to contextualise claims for legal assessment. Meritorious claims will be assessed and financed on a portfolio basis by Sandton Capital which has dedicated £50m for crypto-related litigation; with portfolio facilities allowing for greater flexibility to finance multiple claims that otherwise would likely not have met funders’ investment thresholds had each claim been considered on a stand-alone basis. Read More

Related stories

Read More

Tucked inside the Trinity Centre is one of the Park’s most unexpected high-performance environments: a Brazilian Jiu-Jitsu academy run by Leo ...

Read More

Cambridge Science Centre, based at the Park’s Trinity Centre, has unveiled a bold new five-year strategy designed to help secure ...

Read More

Billy Boyle, founder and CEO of Owlstone Medical, is turning endurance into action and inviting others to join him and ...

Want to see your news featured here? Contact the team and let’s spread the word.