Given the rise of cryptocurrencies, many law firms are beginning to implement tools to help clients and lawyers themselves to increase the likelihood of success and reduce the risks in their operations.

In this case we will talk about Osborne Clarke which, in conjunction with professional entities in the world of cryptocurrency disputes and advice (Asset Reality, Essex Court Chambers, Grant Thornton, among others), has launched CFAAR, a "Cryptocurrency Fraud and Asset Recovery" network.

In this regard, Osborne Clarke has identified the need for the legal sector and its service providers to respond robustly to fraud in this new industry and provide victims with the best possible means of redress.

Cryptocurrency-related frauds, such as those related to cryptocurrency theft, initial coin offerings (ICOs) and ransomware attacks, are on the rise and pose a serious danger to companies that host all their data online. Through CFAAR, it will defend customers who have been defrauded and enhance global cryptocurrency fraud investigations, forensics, defence, and cryptoasset tracking and recovery.

CFAAR will also provide an inclusive community that will host regular meetings, seminars, roundtables, conferences and social events to provide opportunities for the development of global skills, ideas and networks, including legal consultations.

The international firm has extensive experience in advising fully digital and technologically disruptive companies. That is why it has enhanced its services on blockchain, cryptocurrencies, Artificial Intelligence, NFTs, among other specialties.

The official launch of CFAAR is scheduled for October this year and will take place in London.