Practices

Distressed Digital Assets

Ballard Spahr was among the first national law firms to form a multi-disciplinary Blockchain Technology and Cryptocurrency team and has worked closely with our clients during the explosive growth of cryptocurrencies such as Bitcoin and Ether, and in the realms of decentralized finance (DeFi) applications, and distributed ledger technology.

As a result of our deep experience with the cutting edge bankruptcy and insolvency issues that the cryptocurrency industry presents, Ballard Spahr is positioned to help clients not just hold and survive the current Crypto Winter—but also assist clients in capitalizing on the unique opportunities the current cryptocurrency market downturn provides.

We leverage the resources of our leading consumer financial services, bankruptcy and restructuring, commercial litigation, commercial finance, white-collar defense and corporate practice groups, to navigate the current downturn and find practical solutions that work within the unique contours of the cryptocurrency industry.

We provide advice on strategic alternatives, restructuring, bankruptcy, regulatory developments, and protecting customer digital assets. We counsel clients on fiduciary duties in the zone of insolvency, guide creditors of insolvent cryptocurrency companies looking to maximize recovery, and help minimize customer risk in the event of a bankruptcy. Our experience in the industry and understanding of these issues is unparalleled.