Cryptocurrency Fraud: Emerging Legal Challenges for Ohio Attorneys-Cryptocurrency Fraud: Emerging Legal Challenges for Ohio Attorneys

Video Transcription

Video Summary

The presentation, led by attorney Courtney Werning, explains the growing wave of cryptocurrency fraud and the legal challenges it creates for Ohio lawyers. She describes how crypto scams are causing billions in investor losses, while also opening new avenues for litigation.<br /><br />Werning outlines several common scam types: data-breach social engineering attacks, account takeovers through compromised email or phones, SIM swaps, and “pig butchering” romance/investment schemes. These scams often rely on psychological manipulation, fake trading platforms, and irreversible crypto transfers, and they can devastate victims financially and emotionally.<br /><br />She argues that cryptocurrency exchanges should not escape accountability simply because they are new. Although exchanges use broad disclaimers and arbitration clauses, many of those protections may be unenforceable. She discusses claims based on negligence, false advertising, breach of contract, and consumer protection laws, especially in California.<br /><br />Werning also emphasizes that traditional financial firms can be liable when they ignore red flags and fail to stop suspicious withdrawals tied to scams. Finally, she compares arbitration forums like FINRA, AAA, and JAMS, noting that forum choice can strongly affect cost, discovery, and case strategy.

Keywords

cryptocurrency fraud

Ohio lawyers

investment scams

account takeover

SIM swap

pig butchering

exchange liability

consumer protection laws

arbitration forums