Specialist joins Insolvency Service to trace missing crypto assets
Former police investigator Andrew Small will help track digital assets in criminal cases and provide the agency with detailed knowledge of the crypto market.
This means that liquidated companies and individuals that go bust hoping they can hide their cryptoassets, including the likes of Bitcoin, Litecoin and Ethereum, as well as online tokens and non-fungible tokens (NFTs), which offer digital ownership of online artworks, will be less able to evade the Insolvency Service investigators.
In the past five years, the number of insolvency cases involving crypto as a recoverable asset has risen by 420%, with 59 cases in 2024/25 compared to 14 in 2019/20.
The estimated value of cryptoassets identified in insolvency cases has risen…
