More than 20,000 cryptocurrencies have been created since Bitcoin was introduced in 2009, but it is estimated that many crypto projects only survive for around two years. Cryptocurrency remains a risky investment in a volatile and unregulated environment. IMS was able to provide an expert to explain crypto markets when one such venture did not pay off.
Primary Case Issue
Our client represented investors seeking to certify a class action lawsuit against a cryptocurrency mining company. Investors were promised their currency would always maintain an advantageous value and that it could be utilized across a variety of industries. Investors sued the company for alleged fraudulent practices when it failed to deliver on its claims. Our client sought an expert to explain cryptocurrency and its valuation, particularly how hashing power impacts the management of crypto blockchains and how investors assess that management.
Expert Witness Requirements
- Experience in the cryptocurrency market as an investor and advisor, having performed market analyses and assessments of cryptocurrency mining
- Preference for an expert who primarily worked in the industry rather than an academic evaluator
- Immediate availability to complete and submit an expert report within ten calendar days of search initiation
Expert Witness Search
An IMS researcher located 13 investment consultants with experience in cryptocurrency markets. A recruiter reached out to each expert to clear conflicts, vet the experts’ credentials and experience, and confirm their availability. Profiles of two highly qualified candidates were sent to the client within five business days. Each expert had experience at prominent financial advisory firms as well as independent venture capital firms exploring new markets.
Expert Witness Placement
Our client selected an expert with more than 15 years of investment banking experience, including five years of involvement in the crypto market.
Case Results
This case settled.
IMS knows the subject matter authorities across every industry and discipline. No matter your specific needs, IMS will locate and deliver the best-aligned expert witness.
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