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...