Attorneys have been closely watching the cryptocurrency market plummet on Sunday and into Monday as its global market cap sustained an over 9% drop within the last 24 hours.
“If history is any indication, substantial dips in the value of cryptocurrencies are likely to lead to more litigation,” said Helen Gugel, a litigation and enforcement partner at the Am Law 100 firm Ropes & Gray in New York. “The more money people lose, the more lawsuits they are likely to file to try to recover some of those losses.”
Helen Gugel, a litigation and enforcement partner at Ropes & Gray in New York. Courtesy photo
