Securities & Investment
Bixby Law PLLC also handles complex litigation on a more selective basis. Complex litigation matters present unique or unusual challenges because of the nature of the claims or the high stakes involved in the litigation. Examples of complex litigation include matters such as breach of fiduciary duty litigation, trust litigation, business litigation, partnership disputes, insurance disputes, interpleader matters, and crypto related fraud. Our team fights passionately and with creative thinking to help represent clients facing such complex litigation.
Cryptocurrency exchanges prove to be an area ripe for fraud or misconduct. Bixby Law PLLC represents investors in claims relating to cryptocurrency exchanges due to third party fraud including sim swaps, account hacks, and other misconduct that improperly drains customers’ accounts. Cryptocurrency exchanges like Coinbase often represent their security to customers, but in early 2023 the New York State Department of Financial Services entered a substantial sanction, stating that “Coinbase’s compliance system failed to keep up with the dramatic and unexpected growth of Coinbase’s business, and by the end of 2021, was overwhelmed, with a substantial backlog of unreviewed transaction monitoring alerts, exposing its platform to risk of exploitation by criminals and other bad actors.” Cryptocurrency platforms who fail to act reasonably to their customers or fail to comply with Know-Your-Customer (KYC) requirements and the requirements under Anti-Money Laundering regulations may be liable for damages caused to customers due to their failures.
If you have a complex litigation matter or have been the victim of crypto fraud, contact Bixby Law PLLC today for a free consultation.