Recovering Stolen Crypto from Exchanges: Your Legal Options

NEW YORK


,


Nov. 14, 2023


/PRNewswire/ — Dilendorf Law Firm, based in

New York

and focused on



cryptocurrency



and

class action

disputes, is investigating cases involving individuals who lost funds due to cyberattacks and


fraud


on major U.S.


cryptocurrency


exchanges, regardless of the timing of the theft.

U.S. consumer protection and cybersecurity laws stand in favor of individuals seeking to recover stolen


cryptocurrency


from exchanges, regardless of whether they’ve fallen victim to

sim-swapping

, phishing attacks, or other forms of scams. The burden of proof is on a


cryptocurrency


exchange to prove the authorization of transactions, regardless of whether a customer’s account has been compromised.

Regulated


cryptocurrency


exchanges are accountable for ensuring the security of consumer funds against well-known risk vulnerabilities and upholding compliant anti-


fraud


detection systems.

“We empathize with the distressing impact that cyberattacks and scams can inflict on individuals and their financial security. Our core mission is to extend legal guidance and support to those who have suffered financial losses due to these malicious activities.

The U.S. Government and some of the states have entrusted


cryptocurrency


exchanges with financial licenses to enhance their operation in a secure manner that prioritizes consumer protection,” said

Max Dilendorf

, the founding partner of Dilendorf Law Firm.

Individuals whose funds have been stolen from a


cryptocurrency


exchange are encouraged to contact Dilendorf Law Firm for guidance in exploring potential avenues to recover their losses. Additionally, it’s crucial to consider

asset protection

when storing digital assets. For instance, one effective approach is transferring a digital asset portfolio into a

Domestic Asset Protection Trust

located in states like

Nevada

or

Wyoming

to enhance safety and incorporate long-term estate planning considerations.

Irrespective of the circumstances surrounding theft from a regulated


cryptocurrency


exchange, the potential to recover the funds remains a viable option in accordance with the applicable consumer protection and cybersecurity regulations that govern exchanges.

The firm’s team of



cryptocurrency


lawyers

will evaluate each case individually, providing tailored guidance and support throughout the legal process.

For more information or to schedule a free consultation, please visit

Dilendorf Law Firm’s Website

or get in touch with us via email at

info@dilendorf.com

or by phone at 212.457.9797.

Dilendorf Law Firm, PLLC

85 Broad Street



New York, NY

10004

[Attorney Advertising]

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SOURCE Dilendorf Law Firm