”Strategic Advocacy” Helped Client Get Back $175,000 in Cryptocurrency
The law firm “Strategic Advocacy” successfully represented the interests of a client in a case related to the return of funds paid in cryptocurrency. This issue is quite rare in judicial practice, as it is extremely difficult to prove the fact of the transfer of funds and establish the identity of the recipient due to the peculiarities of cryptocurrency transactions.
The essence of the case
The client agreed with the seller to purchase a house for $ 190 thousand, in particular through partial payment in cryptocurrency. During the year, the buyer transferred cryptocurrency to the seller in the amount corresponding to $ 175 thousand.
When it came time to execute the transaction, the seller suddenly announced that he did not plan to sell the house. During the trial, he tried to evade responsibility, claiming that he had not received any funds from the buyer.
The case was complicated by the lack of a written contract, since all financial transactions were carried out through crypto wallets.
Peculiarities of proof in the case
Cryptocurrency transactions are accompanied by certain difficulties in establishing the identity of the recipient, which complicates the investigation process. In Ukraine, there are no clearly defined legal norms that would facilitate the identification of crypto wallet owners.
Therefore, in this case, it was necessary to prove not only the fact of the transfer of funds, but also to confirm that it was the seller who was the recipient of the cryptocurrency.
Evidence in the case
A cryptocurrency expert was involved at the court hearing, who explained the features of tracking transactions and the complexity of establishing the identity of the wallet owner.
In support of his words, correspondence between the parties was provided, which indicated the number of the crypto wallet to which the transfers were made.
In addition, law enforcement agencies conducted a pre-trial investigation into possible misappropriation of funds. It remained unknown whether the seller intended to steal the funds from the very beginning or evaded obligations after receiving them.
During the investigation, a search was conducted, during which a mobile phone was seized. It turned out that the phone number indicated in the correspondence belongs to the seller. These facts became weighty evidence in court.
Court decision
Based on the evidence presented, the court ruled in favor of the buyer, ordering the seller and his wife to return $175,000.
After the decision came into force, the defendant voluntarily returned the funds.
This case proves that even in cases where cryptocurrency is used and written agreements are not drawn up, the rights of the parties can be protected in court if there is sufficient evidence and qualified legal support.
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