Want to sue a crypto project that ripped you off? That will be $1 million, thank you. Luckily, there are options for those who face the daunting prospect of spending a small yacht’s worth of money in lawyer fees for their chance at crypto justice.
I le faʻatinoga, o le toʻatele o tagata na afaina i poloka poloka faava o malo scams find themselves with little hope of recovering their money. According to crypto law expert Jason Corbett, a normal court case to recover $10 million–$20 million dollars in the blockchain sector can easily cost between $600,000 and $1 million, with an average timeline of 2.5 years.
But there are a range of cheaper and better options to get a successful outcome — if you learn how to work with the system. Legal investment funds can finance your case for a share of the judgement — sort of like a VC firm for lawsuits.
“The vast majority of lawsuits — up to 95% — are privately settled before they go to court,” Corbett says.
Feeseeseaiga masani poloka poloka
O Corbett e ono tausaga o lona poto masani i tulafono crypto e avea o se paaga pule o le kamupani loia faʻapitoa blockchain-faʻapitoa Silk Legal. I le tautala ai ma le Mekasini e uiga i lana galuega fou o le crypto litigation financing Nemesis, na taʻua ai e Corbett se manino "faateleina o feeseeseaiga e mafua mai i fefaʻatauaiga ua sese, soli konekarate ma tagata leaga i masina ua tuanaʻi" ona o le maketi urosa, lea na vaʻaia ai le tele o galuega faatino e alu i autafa.
There are a variety of common disputes involving blockchain, from misuse of funds to smart contract failures, which are listed below.
Fa'aaoga sese o tupe maua happens when “fundraising proceeds go to founders’ Lambos and villas” instead of legitimate business needs, he explains. While the occasional boat party networking or team-building event might be justifiable, salary packages are the main permissible routes by which invested capital can flow to the founders — even dividends can only be paid from profit, not incoming investments.
Le faʻatau atu o crypto taufaasese happens when a token is sold to investors based on false claims. A possible (though not tested in court) example is found with the automated market maker protocol sudoRare, which suddenly shut down and disappeared with investors’ money. Such cases can easily cross the threshold into criminal territory, according to Corbett. However, he admits that pursuing the culprits can be very difficult unless the scammers have been reliably identified.
Ofoga faasolitulafono o faamalumaluga. One way that investors in flopped tokens can attempt to claw back money is by claiming puipuiga pepelo, demonstrating that the offering was illegal in the first place, such as an unregistered securities offering masquerading as a utility token sale. “There are currently several U.S.-based class action lawsuits running against U.S. projects,” such as those against Bitconnect ma Solana. Corbett explains that such claims fall under securities law, being civil claims as opposed to those brought by the likes of the SEC classifying projects like Ripple as securities.
Fa'alapotopotoga faigata ona molia. O le isi vaega e mafai ona tuʻuina atu ai se maina faaletulafono DAOs, which are often “not registered anywhere and don’t have any kind of legal personality, and individuals are just working on their behalf.” Corbett warns that such arrangements can easily expose unsuspecting DAO workers to vicarious liability since the entity they believe they are acting on behalf of may not actually exist.
E oo lava feeseeseaiga tau konekarate atamai can lead to the courtroom. “If two parties agree to act according to a certain trigger on a smart contract, but it somehow malfunctions, that can put a lot of liability on the coder or smart contract audit firm,” Corbett says. In such cases, the insurance policies of audit firms become critical.
A o'o mai soliga IP, e faigofie ona mafaufau i NFT o loʻo faʻapipiʻiina ma faʻatau atu e aunoa ma se faʻatagaga. Ae ui i lea, e oʻo lava i code, e mafai ona puipuia e le puletaofia poʻo pateni, i le tulaga lea o le faʻatinoina o le tulafono o isi poloketi - poʻo le vavaeina o nisi faʻailoga - e ono iʻu ai i se tagi ogaoga. (E manino lava e le o le tulaga lea i le polokalama tatala-source, o le mea lea ua faʻasolo soo ai le code a Uniswap.)
Tau maualuga
O Irena Heaver, o se loia i Dubai e faʻapitoa i poloka poloka, o loʻo faʻamatala mai e ui o le itu na faʻaleagaina e nafa ma le faʻatupeina o faamasinoga tau le va o tagata, o mataupu tau solitulafono o loʻo tuliloaina e le setete. A'o feagai mataupu tau solitulafono ma mataupu tau solitulafono nai lo na'o ni fa'asalaga po'o "sese," e pei o se soliga o konekarate ma e mafai ona i'u i le falepuipui nai lo fa'amasinoga tau tupe, e maualuga atu le fa'amasinoga e tusa ai ma molimau.
I le avea ai o se tulaga lelei, e mafai ona tupu se fa'asalaga fa'asolitulafono pe a aveese uma masalosaloga talafeagai, ae o le fa'amasinoga fa'ale-malo e mafai ona faia i luga o le paleni o avanoa, o lona uiga e sili atu ona sese le tasi itu nai lo le leai. O le setete foi, nai lo le ua afaina, e filifili pe tulituliloa se mataupu tau solitulafono - o se mea e tupu e le masani ai pe a mamao i fafo le au gaoi.
If the state isn’t going to fund it and you can’t afford to drop seven figures on the uncertain outcome of a court case, what can you do?
Ole isi fa'aiuga o feeseeseaiga, e aofia ai le fa'amasinoga po'o le soalaupulega, ose filifiliga e taugofie atu nai lo taualumaga aloa'ia ile potu fa'amasino. E ui o le fa'amasinoga e masani lava o se fa'agasologa mautu e mafai ona va'aia o le "fa'amasinoga lite," o le soalaupulega o se faiga tumaoti e maualalo le tau lea e fesoasoani malosi ai le isi vaega i itu auai ina ia maua se malamalamaga ma maliliega, o le tala lea a Heaver. "Ou te fautuaina pea le soalaupulega," o lana tala lea, ma faamatala mai na ia faatalanoaina le tele o feeseeseaiga crypto lea na ausia ai e itu uma e lua se faaiuga faamalieina.
When a case does go to court, Heaver emphasizes that “the judge needs to understand what is going on,” which is far from self-explanatory when it comes to complex questions involving newfangled monkey-DeFi derivative crypto meta-chain utility tokens.
O lona uiga "o faʻamasino e faʻalagolago i molimau faʻapitoa, ma ua tatou iloa uma e uiga i tagata atamamai pepelo i lenei avanoa." O nei tagata tomai faapitoa e filifilia ma totogi e vaega lava latou, ma Heaver tagi e faapea "mo le aofaiga saʻo o tupe, e mafai ona e mauaina se tagata tomai faapitoa - soʻo se mea e te manaʻo ai," e manaʻomia ai le isi itu e totogi mo latou lava tagata poto e faʻamaonia le isi. .
When there are a large number of potential claimants, class-action lawsuits can pool them together into a single case. These are often undertaken by law firms as entrepreneurial undertakings, where the law firm does not charge claimants, who instead agree to give the firm a share of any settlement or winnings.
E mafai ona maua se faʻataʻitaʻiga i se gaioiga faʻasaga i le piliona piliona Mark Cuban, who Moskowitz Law Firm argues used his fame to “dupe millions of Americans into investing — in many cases, their life savings — into the deceptive Voyager platform and purchasing Voyager Earn Program Accounts, which are unregistered securities.”
lesitala
Le faitau sili ona faatosina i poloka poloka. Tu'u tasi a
vaiaso.
Tupe
Another way to raise an army of lawyers without selling both kidneys is legal financing, also known as fa'asoa tupe or third-party litigation financing, which happens when a private investor gives a plaintiff money in return for a percentage of a legal settlement or judgement. This is effectively an outside investment toward a successful lawsuit, and the invested funds are generally directed toward funding the lawsuit in question.
“E uiga i le tu’ufa’atasia o se tasi e iai se manaoga fa’aletonu ma se itu tagi o lo’o i ai sana tagi ae leai ni tupe,” o le fa’amalamalamaga lea a Bill Tilley, o le pule fa’afoe o le fa’aputugatupe fa’aletulafono o LegalTech Investor, o le ua 15 tausaga o galue i le pisinisi fa’atulafono fa’atupeina. O tupe e pei o lana vaai i le averesi o le 20 mataupu mo mataupu taitasi latou te tauaveina, faatasi ai ma le faagasologa atoa o le filiga e oo atu i le $100,000 ona faatoa mafai lea ona faia se faaiuga e faatupe. E aofia ai e le gata i le fuafuaina o se mataupu e ono manuia ae o le ua molia e mafai moni lava ona totogi.
“The big challenge in a crypto case is whether you can find and collect the money, even if you win the case — resources need to be spent to trace the money.”
O le fa'atulagaina o le fa'amasinoga e mafai ona fa'amasinoina ai se mataupu e mafai fo'i ona avea ma lu'itau tele. I lana lava su'esu'ega fa'atupega o fa'amasinoga, na maua ai e Tilley se faiga fa'alavelave o le crypto-mea lilo. "Ua matou vaʻavaʻai i nisi o mataupu crypto e naʻo le tuʻuina atu o le pulega o se miti taufaafefe - o le a tele a latou faʻalapotopotoga e nonofo i le tele o atunuu," o lana tala lea. O le tulafono Crypto e le o se pisinisi faigofie e ta'e.
Ulufale Nemesis
Mo nai tausaga ua tuanaʻi, o loʻo fuafua Corbett e fausia se faʻaputuga faʻapitoa faʻapolokalame poloka poloka. "E leai se aoga e faʻalauiloa ai lenei mea pe a oʻo i luga mea uma," o lana tala lea, ae o le taimi nei i le maketi urosa o loʻo aumaia le faʻateleina o le aufaipisinisi le fiafia i ofisa loia i le salafa o le lalolagi, o loʻo vaʻavaʻai mea mo tulafono crypto. O lana tupe fa'aletulafono, Nemesis, ua alu ola nei.
“The litigation funding industry is growing fast and becoming a financial solution for a handful of use cases. Part of its maturity is increasing competition on investments, which requires the funder to, in addition to providing capital, add value to the case. Therefore, there is a rise in domain focus funds,” he says.
“Like any investor, it is important to build a trustable relationship with the plaintiffs and make sure their expectations from the case are reasonable and their motivations are in the right place. It is also important to have legal teams, consultants and experts with a proven track record in the subject matter.
O le pulega faa-faamasinoga e iai sona sao taua. "E le mafai ona matou faʻamalosia faʻasalaga faʻasaga i tagata i nisi o atunuʻu, o lea e tatau ai ona matou pasia mataupu faʻapenei," o lana tala lea, ma faʻaopoopo mai o le Iunaite Setete ma Peretania, lea e fai si tuusaʻo le faʻamalosia o poloaiga a le faamasinoga, o maketi sili ia. mo tulafono poloka poloka. "E manaia foi le British Virgin Islands ona o le tele o poloka poloka na faʻaaogaina na fausaga," o lana tala lea. "O le EU, US, UK ma Ausetalia o loʻo i ai pisinisi faʻatupeina faaletulafono," o lana tala lea, ma faʻaopoopo mai e le o pulega uma e faʻatagaina mataupu e faʻatupeina e isi vaega.
E faapena foi i le kamupani a Tilley, fai mai Corbett o lana 'au Nemesis e su'esu'e mataupu e filifili ai mea e sili ona manaia mai se vaaiga o tupe teufaafaigaluega. “Matou te vaʻavaʻai e maua pe faʻateleina poʻo se pasene o tupe teufaafaigaluega," o lana tala lea, ma faʻamatala o le tele o taunuuga e mafai ona faʻamoemoeina e le faʻatonuina o fuafuaga inisiua a le ua molia, lea e masani ona avea ma tagata e totogiina le filifiliga mulimuli. "Afai e leai se tupe a le fili, o le gaioiga e masani ona alu i tafatafa o le auala," o le faaiuga lea a Corbett.
In addition to making oodles of money, Tilley explains that legal funders “get the added benefit of helping some people that have been wronged that wouldn’t otherwise have had access to the justice system today.”
“We can be part of fixing the problem of the bad actors by holding them accountable — so crypto will be bigger, stronger and better 5 or 10 years from now.
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Faitau foi
Punaoa: https://cointelegraph.com/magazine/2022/10/07/money-back-crypto-litigation