Rahman Ravelli helps create scheme to assist those who have suffered losses to cryptocurrency fraud

Rahman Ravelli is one of the founders of a pioneering approach to helping those who have lost assets to crypto fraud.

The firm has joined with Outer Temple Chambers, Asset Reality, Grant Thornton and Sandton Capital to create a system that will assess claims of crypto-related fraud. A total of £50 million has been established to fund litigation relating to cryptocurrency fraud, to help those who have suffered losses regain what is rightfully theirs.

The scheme has been created to make it easier for those who have suffered due to crypto fraud secure funding to bring legal action in order to recoup their losses.

Rahman Ravelli cryptocurrency specialist Syed Rahman said: “As a firm that has been at the centre of landmark crypto fraud cases that have helped shape the law in this swiftly-evolving sector, we view this collaboration as a vital step forward.

“This opportunity to harness our experience and expertise to that of our partners in this scheme will be of huge value to those who are looking for the best course of action to regain what they have lost to crypto-related fraud.’’

Law360, The Law Society Gazette and Litigation Finance Journal have written about the scheme.