Get your money back: The weird world of crypto litigation By Cointelegraph
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Get your money back: The weird world of crypto litigationWant to sue a crypto project that ripped you off? That will be $1 million, thank you. Luckily, there are options for those who face the daunting prospect of spending a small yachts worth of money in lawyer fees for their chance at crypto justice.
In practice, the majority of victims of international blockchain scams find themselves with little hope of recovering their money. According to crypto law expert Jason Corbett, a normal court case to recover $10 million$20 million dollars in the blockchain sector can easily cost between $600,000 and $1 million, with an average timeline of 2.5 years.
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Get your money back: The weird world of crypto litigationWant to sue a crypto project that ripped you off? That will be $1 million, thank you. Luckily, there are options for those who face the daunting prospect of spending a small yachts worth of money in lawyer fees for their chance at crypto justice.
In practice, the majority of victims of international blockchain scams find themselves with little hope of recovering their money. According to crypto law expert Jason Corbett, a normal court case to recover $10 million$20 million dollars in the blockchain sector can easily cost between $600,000 and $1 million, with an average timeline of 2.5 years.
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The most engaging reads in blockchain. Delivered once a week.
Continue Reading on Coin Telegraph
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