Edward Cumming KC, Adam Cloherty KC and Edward Knight involved in ground-breaking Court of Appeal decision on cryptocurrency

Re Bittrex Global (Bermuda) Ltd (in liquidation) [2026] CA (Bda) 1 Civ

On 10 March 2026, the Bermuda Court of Appeal (Kawaley P, Sir Gary Hickinbottom JA and Sir Julian Flaux JA) handed down judgment in Re Bittrex Global (Bermuda) Ltd (in liquidation) [2026] CA (Bda) 1 Civ.

The decision involves the Court’s first consideration of Bermuda’s Digital Assets Business Act 2018 and contains an interesting discussion of the basis on which digital asset service providers hold crypto assets, and the treatment of such assets in a liquidation.

To read the full judgment, please click here.

Edward Cumming KC acted for the Appellant, Bittrex Global Inc (instructed by Carey Olsen Bermuda), and was assisted by Edward Knight.  

Adam Cloherty KC acted for the Second Respondent, The Bermuda Monetary Authority (instructed by Conyers Dill & Pearman).