Keystone Law’s cryptocurrency fraud and asset recovery partner Louise Abbott is advising FTX investors on their legal position following the exchange’s collapse in November.
On 11 November 2022, the world’s second-largest cryptocurrency exchange filed for Chapter 11 bankruptcy protection in the United States, with a reported shortfall of $8 billion.
Louise is advising investors along with Andrew Maguire of Littleton Chambers on their legal claims, including submissions that investors’ assets ought to be dealt with ahead of, and in priority to, any claim in the bankruptcy procedure.
Louise and Andrew have been undertaking a full review of individual cases, details of investments and the applicable law.
Louise Abbott said:
“FTX investors fear they may have lost everything in their accounts. More than one million people may have lost their money in the spectacular collapse of the cryptocurrency trading firm. It is important that anyone impacted by the collapse seek legal advice urgently.”
If you have been impacted by the collapse of FTX, please contact Louise Abbott.