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