Digital assets have been subject to some of the largest thefts in history. In fact, the largest crypto theft — in connection with the February 2025 $1.5 billion Bybit hack — dwarfs the Guinness Book of World Records' entry for the largest bank robbery of $282 million. See "Crypto's biggest Continue Reading
Reuters | How Trump’s Crypto Business Partners Left Their Old Clients in the Lurch
July 2024, Dough Finance — a crypto startup trading platform that made it easy to make risky bets using borrowed funds — suffered a major hack, resulting in the theft of substantial assets belonging to its users. Following the collapse of Dough Finance, the founders launched a new venture — World Continue Reading
Reuters Legal News | Crypto Ownership and Custodial Wallets: Owning Without Owning?
Over the last decade, year over year, hackers have stolen billions of dollars in cryptocurrencies. Last month, another of the world’s largest cryptocurrency exchanges was hacked in what has been called the largest crypto heist in history. The exchange was Bybit, based in Dubai, and the Continue Reading
Reuters Legal News | Perfecting Digital Assets: There’s No Control Without Power
In 2022, the Uniform Law Commission adopted new amendments to the model Uniform Commercial Code ("UCC") to address cryptocurrency transactions, including secured lending involving digital assets. These amendments have been enacted by at least five states (Washington, New Mexico, Colorado, Indiana Continue Reading
Association of Insolvency & Restructuring Advisors Advanced Restructuring & Plan of Reorganization Conference | Digital Assets and Investors in Distress
On November 14, Joseph Cioffi, Davis+Gilbert Insolvency + Finance chair, will speak on a panel at Association of Insolvency & Restructuring Advisors (AIRA) 21st Annual Advanced Restructuring & Plan of Reorganization Conference, during a session entitled, "Digital Assets and Investors in Continue Reading