UK Cracks Down on Hidden Crypto in Bankruptcy Cases with New Specialist

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As crypto-related insolvencies skyrocket, the UK has taken action by hiring its first crypto recovery expert to track down missing digital assets.

Andrew Small, an ex-police economic crime investigator, steps into the newly created role at the Insolvency Service amid staggering growth in crypto-linked bankruptcy cases—up 420% since 2019.

The value of crypto assets uncovered in these cases has exploded from a negligible sum to over £523,580 ($709,500), a 364-fold increase.

“Crypto isn’t invisible money—it’s very much a recoverable asset,” Small emphasized.

His job will involve decoding the complex world of digital currencies, from tracing transactions to identifying storage methods, ensuring creditors recoup more of what they’re owed.