In Danisz v Persons Unknown and Huobi Global, the High Court granted the claimant (a Bitcoin-holder) an interim proprietary injunction against persons unknown and a cryptocurrency exchange, a worldwide freezing order against persons unknown, and a banker’s trust order against the cryptocurrency exchange, following a suspected cryptocurrency fraud.
The case is similar to Ion Science Ltd v Persons Unknown (unreported, 21 December 2020), which also involved fraudsters operating with what appeared to be a crypto investment company and absconding with the invested funds. Analysis of that decision and the key recent crypto cases can be found in RPC’s blog: Cryptocurrencies: basic legal principles and their future in English law.
Danisz further demonstrates the court’s willingness to provide swift injunctive relief to combat cryptocurrency fraud, and the ease with which English law continues to be applied successfully to cryptocurrency claims.
