The global market in crypto assets is currently experiencing a “crypto winter”, losing approximately US$2 trillion in value since the peak in 2021. In this stormy environment, crypto insolvencies are on the rise. However the rapidly evolving nature of the crypto industry and the complex nature of crypto assets and transactions present unique challenges for insolvency practitioners seeking to resolve or restructure crypto firms.
Our new legal briefing explores the current crypto winter and some of the specific issues that arise in respect of insolvencies of crypto firms. See the full briefing on the Herbert Smith Freehills website, here.
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