Insolvency Service Names First Crypto Recovery Expert
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Number of insolvencies where crypto is identified as an asset has increased 420% in five years
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More than £500,000 in cryptoassets identified in insolvency cases last year – 364 times higher than in 2019/20
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New role will help the agency recover more money owed to creditors in insolvency cases
The Insolvency Service has appointed its first dedicated crypto intelligence specialist to help recover more money for the UK economy from bankruptcy cases.
Former police investigator Andrew Small will help track digital assets in criminal cases and provide the agency with detailed knowledge of the crypto market.
The Insolvency Service is responsible for tracing and recovering money and assets belonging to bankrupt individuals or liquidated…
