On July 5, 2022, the popular cryptocurrency services firm Voyager filed a petition for Chapter 11 bankruptcy. With over three million customers, Voyager’s bankruptcy has had rippling effects throughout the cryptocurrency industry. The Law Offices of Andrew Dressel LLC has received numerous inquiries from affected customers, as well as others within the industry, about what … [Read more...] about The Voyager Bankruptcy: Your Questions Answered
Matthew Locke: Spring 2022 Social Justice Scholarship Winner
Matt's winning essay: I have worked with children and their families as a middle school teacher and basketball coach for the past seven years. From Brookyln to the Bronx to Chicago, immersing myself into diverse communities has essentially been at the heart of my job. Although I originally planned to attend law school immediately after graduating from college in 2012, I … [Read more...] about Matthew Locke: Spring 2022 Social Justice Scholarship Winner
Cryptocurrency Courtroom Tales: $100 Million Judgement Victory
It’s not often that a defendant will label a $100 million dollar judgment against him as a “victory,” but it’s a surprising result of current cryptocurrency courtroom disputes. It was precisely the label Craig Wright attached to a jury’s award earlier this month in the action filed against him by Ira Kleiman, the brother of Wright’s business partner David Kleiman. Anonymous … [Read more...] about Cryptocurrency Courtroom Tales: $100 Million Judgement Victory
SQUID Crypto Token and Dangers to Investors
The story of the SQUID crypto token is a perfect illustration of the opportunities cryptocurrency permits for scammers and the dangers it poses for investors. The SQUID token was a game token, ostensibly used to play games within the internet environment made by the token’s creators. Like many game tokens, it had a play-to-earn system, but primarily investors were buying … [Read more...] about SQUID Crypto Token and Dangers to Investors
NFTs, Securities Fraud, and Insider Trading, Oh My!
Last month accusations emerged that an executive at OpenSea, a leading Non-Fungible Tokens (NFT) sales platform, was possibly front-running sales by buying drops before they were listed on OpenSea’s main page and then selling them after they had been publicized by OpenSea. Such use of insider information, if true, would seem to be a classic violation of securities laws … [Read more...] about NFTs, Securities Fraud, and Insider Trading, Oh My!