Evan Wright assesses how the UK courts can seize and freeze crypto-assess
Crypto-assets are digital assets that are cryptographically secured and exist on a blockchain-based ledger. They often take the form of cryptocurrencies, which are a type of decentralised currency, but can also include non-fungible tokens (NFTs) and other types of assets.
The crypto market has risen exponentially and the total transaction volume in the crypto-asset market increased to an enormous $15.8tn in 2021. This growth, alongside the anonymity and relative lack of regulation of crypto markets, has made the problem of fraud and theft in the sector a growing issue. The increased financial incentive in the market has enticed criminals to try their hand at making their own fortune and global crypto crime rose to an...
“Investigators often cast a wide net over the asset recovery process and innocent parties can be caught in that net…”
