Cryptocurrency Insolvency and Wind-Down: How the High Volatility of Crypto Assets Has Substantially Increased the Risk of Insolvencies and Bankruptcy Wind-Down

April 26, 2024 9:30am

Charlotte Hill
Partner
Penningtons Manches Cooper LLP

David Johnson
Senior Associate
PCB Byrne LLP (UK)

William Redgrave
Partner
Baker & Partners

Molly Sandquest
Senior Manager, Forensic Services
FRP Advisory

Recent years have seen numerous cryptocurrency exchange bankruptcies, and these insolvency events have led to extensive interrogation and criticism of the inner workings of exchanges. The rapid growth of Exchanges and other digital asset companies that did not practice proof of reserves, lack of self-custody, and the high volatility of crypto assets have substantially increased the risk of insolvencies in the industry.

Be sure to join us in this session as a panel of global experts will explore how exchange customers can potentially identify and recover their crypto assets deposited with exchanges when they subsequently become subject to liquidation, wind-downs, or other insolvency processes.