In the latest issue of “Lawyer’s Notes,” Yuriy Zhovtan, a partner at Barristers LLP, explains how victims can recover stolen crypto assets and which mechanisms actually work.

Myth or Reality?

Is it really impossible to recover stolen cryptocurrency?

Key challenges:

• the lack of clear legislative regulation,
• the anonymity of crypto wallets,
• the complexities of international cooperation.
  

Real-life cases:

• Phishing website: $500,000 recovered thanks to the exchange’s prompt action to freeze the funds.
  
• International fraud: $3 million frozen in accounts in EU countries.
  

How can you avoid becoming a victim?

Practical tips and tools—in our new video!