Sadis & Goldberg Recovers $8 Million of Polkadot DOT Tokens for Hedge Fund

A Sadis & Goldberg (“Sadis”) arbitration team led by Sam Lieberman won a significant victory by recovering $8 million worth of Polkadot DOT tokens for a hedge fund client. By vigorously pursuing the hedge fund’s claims, Sadis was able to recover Polkadot DOT tokens worth $8 million, as of the date the case was resolved. A former officer of the hedge fund had taken a digital ledger holding the DOT tokens when he left the firm, and had refused for three years to return it. But Sadis’s aggressive approach forced the former officer to return all of the Polkdot DOT tokens, achieving a full recovery for our client.

Sadis used its deep knowledge of the Cryptocurrency to recover the $8 million of Polkadot DOT tokens more quickly for its client. Sadis worked quickly to identify and access the digital ledger on which the Polkadot assets had been held. Then we promptly used the ETH address from the original sale of the DOT tokens to enable our client to claim the DOT tokens on the blockchain, and have them transferred to the client’s account.

Sam Lieberman, Partner and Co-Head of Litigation, led Sadis’s team on this matter, which included Desi Ilieva. If you have any questions about this or any cryptocurrency, digital asset, or blockchain-related case, please contact Sam Lieberman at 212-573-8164 of slieberman@sadis.com.