As fraud strategies grow more rampant and complex, equally powerful legal weapons are needed to fight them.

The rescission of a licensing deal valued at US $100m is secured against Canadian entity.

Rapidly expanding global crypto fraud, followed by the insolvency of crypto industries, has necessitated innovative solutions and judicial orders. Faceless fraudsters and procedural complexities remain hurdles to overcome in the journey to crypto asset recovery.

Recent ruling in the ByBit Fintech Ltd. vs. Ho Kai Xin and ors trial makes an enormous leap toward regulation and enforcement.