Crypto Asset General Information

Crypto assets, or cryptocurrencies as they are known … The adventure of digital money actually started with Bitcoin, which was created in 2009 by a person or a team called Satoshi Nakamoto by protecting its anonymity, and other alternative crypto assets that followed it over time. Whether it is the digital values of the future or today, crypto assets, which have millions of investors and followers in our country, which more or less everyone now knows and hears, have now turned into an investment tool.

The total market value of crypto assets traded on decentralised exchanges as well as global and national markets/exchanges is approximately 1.5 trillion dollars. As such, a new criminal door has opened.

Millions of crypto asset investors, who are not yet regulated globally and locally, whose legal basis is not fully clear, and who are likely to encounter negativities in crypto asset transactions, the subject of which constitutes a crime, unfortunately do not know exactly what to do in such a situation, how to recover their losses, and cannot find a professional lawyer and technical personnel who are familiar with the subject to get support. The investor who wants to recover his/her loss, but who has insufficient technical and legal knowledge, falls into the net of another fraudster for the second time with the promise that his/her loss will be recovered and is defrauded once again.

Buying and selling crypto assets can be done easily through centralised intermediary (CEX) exchanges with a simple interface. However, decentralised exchange trading (DEX) is not as simple as that, and if there is victimisation, things get even more complicated. Likewise, in the event of victimisation on centralised exchanges (CEX), investors are not fully aware of their rights and as a result fall into the net of malicious digital fraudsters. Now I would like to give you a few simple examples of some niche information that you may have never heard of:

  1. Did you know that crypto assets can be the subject of civil law in divorce cases and can be subject to property division?
  2. Did you know that crypto assets can be subject to international law and that investments in a crypto exchange with a centre in another country can be blocked?
  3. Did you know that crypto assets can be subject to inheritance law? The crypto assets belonging to Muhlis can be contacted by using public power with the relevant exchanges and sued for their transfer to the heirs…
  4. Crypto assets, which we can put into many legal definitions other than those mentioned above, can be subject to litigation in various subjects and offences.

Well; what will happen if I keep my crypto assets in what we call cold or hot wallets other than known centralised exchanges and the crypto coins in these wallets are transferred without my knowledge? In this case, it will be inevitable to get both technical and legal support. Because with DEFi technology, you will not have an interlocutor for your transactions on decentralised exchanges and you will need to get technical support for this. Well, if I make an individual complaint to the relevant law enforcement units or prosecutor’s offices, will I get results? Of course; if you have experienced a victimisation, it would be best to do this, but it will take a long time to get results due to technical deficiencies or a new form of crime.