Dispute resolution clause key when seeking recourse from failed crypto entities, say lawyers

CRYPTOCURRENCY investors should examine the dispute resolution clause before jumping aboard in order to protect themselves in the event the crypto company collapses, according to lawyers from Rajah & Tann.

The advice comes in the wake of a series of collapses in the crypto industry last year, which left both retail and institutional investors stranded.

FTX, one of the world’s largest cryptocurrency exchanges, owed US$3.1 billion to its top 50 creditors when it filed for bankruptcy in November 2022.