“This matter demonstrates a significant deficiency within traditional legal practice: A law firm that undertakes custody or oversight of digital assets must possess a competent understanding of crypto-wallet architecture, seed-phrase security and decentralized custody mechanics, or risk becoming an unwitting participant in fraudulent conduct, said Nicolle Lafosse, of counsel at the international law firm of Diaz Reus.
“This matter demonstrates a significant deficiency within traditional legal practice: A law firm that undertakes custody or oversight of digital assets must possess a competent understanding of crypto-wallet architecture, seed-phrase security and decentralized custody mechanics, or risk becoming an unwitting participant in fraudulent conduct, said Nicolle Lafosse, of counsel at the international law firm of Diaz Reus.
