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Robbing a Locked Bank Vault from Home: Legal Issues Raised by Cryptocurrency Frauds
The number of individuals and businesses holding or using cryptocurrencies is expected to reach 200 million by 2024. The advent of cryptocurrencies has raised a host of legal issues; some of the most immediate ones — such as whether cryptocurrencies are securities — appear to have been resolved, but cryptocurrency theft remains a major concern for traders and investors given that billions of dollars of cryptocurrency are stolen every year. These cutting-edge problems intersect in interesting ways with companies' existing fraud and anti-money laundering concerns, but it all starts with the cryptocurrency “wallet.”
A cryptocurrency wallet stores the cryptographic keys (both public and private) that one uses to access and spend cryptocurrencies. Each wallet can contain multiple keys as well as independent cryptographic software or a mnemonic device for memorizing the cryptographic keys. It is important to note that crypto wallets themselves are generally not a part of a given cryptocurrency's technology. Therefore, the wallet can be dispiritingly similar to an in-real-life (IRL) wallet, whose currency and credit/debit card contents are only as secure as we keep the wallet itself.
A Cryptocurrency Theft Primer
Cryptocurrency theft frustrates technology in several ways. Thieves appear to adhere to Sutton's Law because most of the documented attacks target “where the money is”: the crypto wallet itself.
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Why So Many Great Lawyers Stink at Business Development and What Law Firms Are Doing About It
Why is it that those who are best skilled at advocating for others are ill-equipped at advocating for their own skills and what to do about it?
Bankruptcy Sales: Finding a Diamond In the Rough
There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.
The DOJ's Corporate Enforcement Policy: One Year Later
The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.
A Lawyer's System for Active Reading
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Protecting Innovation in the Cyber World from Patent Trolls
With trillions of dollars to keep watch over, the last thing we need is the distraction of costly litigation brought on by patent assertion entities (PAEs or "patent trolls"), companies that don't make any products but instead seek royalties by asserting their patents against those who do make products.