ProCap Newsletter No. 73

Dear Clients,

In our previous updates, we discussed the difference between the amount displayed on an investment platform and the investor’s actual financial loss, as well as requests for additional payments that may arise when an investor attempts to withdraw funds.

This week, we would like to address a related question:

Which documents are most important when establishing how much an investor actually invested and lost?

The balance displayed on the platform is not the only evidence

Investors often remember the last balance they saw in their account.

However, when reconstructing the actual financial loss, documents showing what actually happened to the money may be considerably more important.

These may include bank statements, transfer confirmations, card payment records, cryptocurrency transaction records, wallet addresses, payment service documentation, and communications containing payment instructions.

Why is it important to distinguish between the amount invested and the displayed profit?

For example, if an investor transferred EUR 20,000 but the platform later displayed a balance of EUR 70,000, those two amounts do not necessarily have the same evidentiary significance.

The first may be supported by evidence of an actual transfer of funds.

The second may include purported profits, bonuses, interest or trading results displayed by the platform itself.

This does not mean that the displayed balance has no evidentiary value. Screenshots and account statements may help reconstruct how the platform represented the investor’s account and funds.

However, such information should be considered together with independent financial evidence.

What if some of the documentation is no longer available?

The passage of time may make evidence more difficult to obtain, but it does not necessarily mean that the investment can no longer be documented.

Banks, payment institutions, email providers, cryptocurrency exchanges and other services may retain records that are no longer immediately accessible to the investor.

For this reason, even incomplete documentation may be worth preserving. A single transfer confirmation, an email containing payment instructions or information concerning a wallet address may help connect other parts of the financial trail.

What does this mean for ProCap clients?

At present, we have no new verified procedural information concerning the ProCap matter that requires action from our clients.

There is no need to resubmit documentation that you have already provided to us.

However, if you subsequently locate a bank statement, transfer confirmation, cryptocurrency transaction record or another document that was not previously provided, please preserve it.

In long-running investment matters, the quality of the available documentation is often more important than the quantity of documents.

We will continue to monitor information relevant to the ProCap matter and will inform you of any verified development that may be significant to your position.

Thank you for your continued trust.

Kind regards,
Attorney Zoran Miljaković