Professor Deborah Hoffman, Visiting Assistant Professor of Law at CSU Law, has published an article titled “Locked Out at Closing: When Crypto Fails at the Closing Table,” co-authored with Wesley Brandi, CTO of Praefortis. The article is published in ACC Docket, the publication of the Association of Corporate Counsel.

The article addresses the increasing use of cryptocurrency in commercial and real estate transactions and the legal issues that can arise when digital assets are part of a closing. It examines problems such as custody failures, frozen wallets, lost private keys, and disruptions involving third-party platforms, each of which can delay or prevent a transaction from closing.

The article focuses on how these issues fit within existing real estate and transactional law frameworks and discusses the role of counsel in addressing them through diligence, deal structure, and contract drafting. It is aimed at in-house counsel and transactional attorneys advising clients where digital assets are involved.