Kalen, Alexandru v World Exchange Services Pte Ltd: Valuation of Damages and Mitigation in Cryptocurrency Claims

Introduction The decision in Kalen, Alexandru v World Exchange Services Pte Ltd represents the final stage of a representative action brought by 85 claimants (originally 86, with one settling) against World Exchange Services Pte Ltd (“WEX”), a Singapore-incorporated entity operating the now-defunct cryptocurrency trading platform, wex.nz. While liability for breach of both the User Agreement … Read more