BVI Court Grants Freezing Order against ‘Persons Unknown’ in Crypto Fraud Matter

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Friday, May 13, 2022
Author: 
Bruce Zagaris
Volume: 
38
Issue: 
5
Abstract: 

On May 4, the British Virgin Islands (Commercial Division), which is part of the Eastern Caribbean Supreme Court, issued a worldwide freezing order against persons unknown in relation to crypto fraud.  The decision emulates similar decisions in the UK and other commonwealth countries where courts commonly grant such relief.[1]



[1] ChainSwap v. Persons Unknown, Eastern Caribbean Supreme Court High Court of Justice, British Virgin Islands (Commercial Division), Claim No. BVIHC (COM) 2022/0031, Judgment, May 4, 2022 https://www.eccourts.org/chainswap-limited-v-the-owner-of-digital-wallet-et-al.