Constructive trust in cryptoasset fraud: <i>D’Aloia v Persons Unknown and others</i> [2024] EWHC 2342 (Ch)

Abstract This case note examines the recent case D’Aloia v Persons Unknown and others [2024] EWHC 2342 (Ch), which affirmed the status of cryptoassets as property under common law, and applied traditional legal principles, including unjust enrichment and constructive trust, to address crypto fraud involving Tether (USDT). This case note also highlights the tension between established legal doctrines and blockchain’s technical realities, emphasizing the need for evolving legal frameworks, including remedial constructive trusts and proportional recovery methods, to adapt to crypto-litigation challenges.

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Publication Details

Journal
Trusts & Trustees
Published
2025-11-15
DOI
https://doi.org/10.1093/tandt/ttaf090
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
0.00
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article

Constructive trust in cryptoasset fraud: D’Aloia v Persons Unknown and others [2024] EWHC 2342 (Ch)

Timothy G. Chow, Daisy Cheung
Trusts & Trustees
Blockchain Technology Applications and Security
article

Constructive trust in cryptoasset fraud: D’Aloia v Persons Unknown and others [2024] EWHC 2342 (Ch)

Timothy G. Chow, Daisy Cheung
article en

Abstract

Abstract This case note examines the recent case D’Aloia v Persons Unknown and others [2024] EWHC 2342 (Ch), which affirmed the status of cryptoassets as property under common law, and applied traditional legal principles, including unjust enrichment and constructive trust, to address crypto fraud involving Tether (USDT). This case note also highlights the tension between established legal doctrines and blockchain’s technical realities, emphasizing the need for evolving legal frameworks, including remedial constructive trusts and proportional recovery methods, to adapt to crypto-litigation challenges.

Trusts & TrusteesVol. 32(2)
Hong Kong Baptist Hospital (HK), Cyber University of Korea (KR), University of Hong Kong (HK)
Openalex Percentile: Top 52%
Blockchain Technology Applications and Security
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