Urgent Provisional Seizure Across Multiple Crypto Exchanges

A client who fell victim to an online investment scam discovered that the fraudster had concealed the stolen funds in cryptocurrency exchanges. Given the speed at which digital assets can be transferred or liquidated internationally, even a single day of delay posed a risk of losing all recoverable funds.

The key strategy was to freeze assets not only at one known exchange, but simultaneously across all major platforms the suspect might use, including Upbit, Bithumb, and Coinone. By proving the fraud and filing a criminal complaint, Cha & Kwon Law Offices swiftly obtained a court-issued provisional seizure order and designated multiple exchanges as third-party debtors to secure the assets in parallel.

Cha & Kwon Law Offices offers specialized legal services for cases involving online fraud, asset concealment via cryptocurrency, and urgent provisional remedies to protect creditors’ rights.

Read more: Legal Structuring and Risk Mitigation for Cross-Border Transactions Involving a BVI Entity