Joseph Cioffi, Davis+Gilbert’s Chief Operating Partner and Bankruptcy, Creditors’ Rights + Finance Practice Group Chair who has worked on large crypto bankruptcies and forfeiture proceedings, was quoted in Cryptopolitan commenting on the effect of the verbal agreement made by the founders of Dough Financial to compensate users following a hack of the platform. As noted, post-hack promises are not a substitute for upfront diligence, vigilance and education related to the risks of the current crypto space.
To learn more, read the full article here: https://www.cryptopolitan.com/trumps-crypto-partners-bailed-on-old-clients/