UK Insolvency Service Brings On First Specialist in Crypto Recovering

The UK Insolvency Service is addressing the rising number of crypto-related failures with a dedicated hire. Andrew Small, formerly a police economic crime investigator, will now oversee this task, using his experience in the crypto space to aid recovery efforts. 420% growth in insolvency cases mentioning crypto assets as recoverable over five years has led to a surge in specialized expertise, with value recovered jumping from £1,436 in 2019/20 to over £520,000 last year. Small’s goal is to enhance the agency’s understanding of crypto technology and how it can be tracked and recovered.