UK Police Partner with Law Firm for Asset Recovery Program Following Crypto Fraud Seizure

The UK police have joined forces with law firm Gowling WLG to launch a new asset recovery program following successful seizure of illicit funds. This initiative, driven by the City of London Police, aims to assist victims impacted by crypto-related fraud. The program was initiated after a pilot project recovered £2 million for an elderly victim who had been defrauded. It focuses on coordinating efforts between law enforcement and stakeholders like victims’ legal counsel to retrieve stolen assets. The initiative targets areas where traditional prosecutions fall short, offering restitution opportunities for those affected by cryptocurrency-related fraud.