UK Police Team With Law Firm for Asset Recovery Program Following Crypto Fraud Seizure

Quick Summary:

After a successful pilot in which crypto assets were recovered on behalf of an elderly victim, London police are taking the next step.

In this particular case, the police made use of an update to the Proceeds of Crime Act 2002 that gave it the power to freeze stolen digital assets.

Wealth Recovery Solicitors allegedly lacked the expertise to trace the defrauded crypto and manage the litigation needed to retrieve it, with the firm applying for a global freezing order against Blockchain.com—simply because details of the Bitcoin address with the stolen BTC could be viewed on Blockchain.com’s website.

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Article Details

Author / Journalist: Simon Chandler

Category: Crypto

Markets: Estonia

Topics: Law and Order London police Uk police Bitcoin Asset Recovery Crypto

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-05 @ 14:27:28 (1 days ago)

News Timezone: GMT +8:00

News Source URL: decrypt.co

Language: English

Article Length: 720 words

Reading Time: 4 minutes read

Sentences: 18 lines

Sentence Length: 40 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Decrypt

News ID: 27602881

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About Decrypt

Main Topics: Crypto

Official Website: decrypt.co

Update Frequency: 1 posts per day

Year Established: 2018

Headquarters: Estonia

News Last Updated: 22 hours ago

Coverage Areas: Estonia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #63

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