Huge media interest sparked by Syed Rahman’s latest landmark cryptocurrency case

A case brought by Syed Rahman means that victims of cryptocurrency fraud can now obtain information about the wrongdoers from crypto exchanges located abroad.

The outcome of the landmark case prompted a large amount of interest from national and international news, finance, business and legal media.

The case involved Syed bringing an application for Bankers Trust orders to be made against six exchanges based abroad, requiring them to disclose information that could help trace and identify those who took crypto assets worth $10.7 million after hacking another exchange.

The court was persuaded that it could grant such an order even though the exchanges were not UK-based, due to a recent change in the rules that allow English courts to serve civil claims.

Syed Rahman explained that the case is a huge step forward for those who are trying to recover assets that have been taken fraudulently and moved across borders.

He added that the judgement is proof that the courts continue to respond to the challenges posed by the rapidly-evolving crypto sector – and that a carefully-planned and conducted strategy can bring success.

Syed's comments were featured in The Financial Times, Law360 and CoinDesk.