Connect with us
Apply Now


Understanding the Future of Cryptocurrency Law with Trial Lawyer Tibor Nagy

Approximately 16 percent of Americans currently use cryptocurrencies, according to Money-zine, and this number is only expected to continue increasing. As society navigates this brave new world of cryptocurrency, many are wary of legal nuances regarding the phenomenon.

With this influx of new crypto users, there is also a new wave of lawyers that are tackling the many novel legal issues that the growth of cryptocurrency has created. Tibor Nagy is one of these trial lawyers that is facing these new technologies, and their related legal challenges, head-on. As a founding partner at boutique law firm Dontzin Nagy LLP, — which he co-founded in 2012 — Nagy is a highly respected trial lawyer who is passionate about winning high-stakes, challenging lawsuits.

Whether representing a plaintiff or defendant, and whether they be from a Fortune 500 company, hedge fund, small business or even be a lawyer themself, Nagy has experienced every type of litigation out there. His multifaceted experience is evident in every case he wins in the courtroom, and he does not limit his work to just a singular type of client.

For many lawyers, their main objective is to maximize “billable hours” and increase their own profit. However, Nagy instead focuses on winning the case for the client. His fee structure reflects this: Nagy is a leader in alternative fees, basing the majority of his compensation on success, rather than hours. While many lawyers utilize alternative fees for plaintiffs, Nagy does so for his clients on both the plaintiff and also the defense side.

Nagy’s success is also proven in many high-profile wins for major clients such as ConsenSys, J.P. Morgan, and William Penn Life Insurance Company. “We hired Tibor the week before trial started in a bet-the-company case,” said Bryan Newcombe, General Counsel of William Penn Life Insurance Company.  “Opposing counsel had been on the case for 5 years, but by the time trial started, it was clear that nobody knew the facts better—or spoke more convincingly to the judge and jury—than Tibor.  The jury deliberated for less than an hour and came back unanimously in our favor.” 

As Web3 concepts are on the rise, Nagy is very hopeful about them, understanding that  there are lots of industry-shaping cases coming in the future regarding ideas such as cryptocurrency. Matt Corva, General Counsel at blockchain software technology company ConsenSys, gave a highly regarded statement about Nagy. “With litigation on the rise in our industry, we are lucky to have Tibor Nagy as trusted counsel and friend of ConsenSys. If you think of the best solidity developer – that’s how we view Tibor to his field,” said Corva. “In the face of rising litigation against companies in our industry, I’d strongly recommend Tibor.”

Nagy recently filed a class action suit against Binance, and is going forward with mass arbitrations against other exchanges, like Coinbase.  Nagy is seeking to help purchasers of UST and LUNA recover their losses, which he believes were caused by unlawful conduct by the exchanges.

Nagy was named to Benchmark Litigation’s “Under 40 Hot List” recently, and he was named an “Elite Boutique Trailblazer” by the National Law Journal. To learn more about Tibor Nagy and his boutique law firm, please visit their site here.

Continue Reading

Copyright © 2022 Disrupt ™ Magazine is a Minority Owned Privately Held Company - Disrupt ™ was founder by Puerto Rican serial entrepreneur and philanthropist Tony Delgado who is on a mission to transform Latin America using the power of education and entrepreneurship.

Disrupt ™ Magazine
151 Calle San Francisco
Suite 200
San Juan, Puerto Rico, 00901

Opinions expressed by Disrupt Contributors are their own. Disrupt Magazine invites voices from many diverse walks of life to share their perspectives on our contributor platform. We are big believers in freedom of speech and while we do enforce our community guidelines, we do not actively censor stories on our platform because we want to give our contributors the freedom to express their opinions. Articles are not commissioned by our editorial team, and opinions expressed by our community contributors do not reflect the opinions of Disrupt or its employees.
We are committed to fighting the spread of misinformation online so if you feel an article on our platform goes against our community guidelines or contains false information, we do encourage you to report it. We need your help to fight the spread of misinformation. For more information please visit our Contributor Guidelines available here.

Disrupt ™ is the voice of latino entrepreneurs around the world. We are part of a movement to increase diversity in the technology industry and we are focused on using entrepreneurship to grow new economies in underserved communities both here in Puerto Rico and throughout Latin America. We enable millennials to become what they want to become in life by learning new skills and leveraging the power of the digital economy. We are living proof that all you need to succeed in this new economy is a landing page and a dream. Disrupt tells the stories of the world top entrepreneurs, developers, creators, and digital marketers and help empower them to teach others the skills they used to grow their careers, chase their passions and create financial freedom for themselves, their families, and their lives, all while living out their true purpose. We recognize the fact that most young people are opting to skip college in exchange for entrepreneurship and real-life experience. Disrupt Magazine was designed to give the world a taste of that.