UK’s First Crypto Expert Hired for Fund Recovery, What’s Next?

Updated

June 12, 2025

Gambar UK’s First Crypto Expert Hired for Fund Recovery, What’s Next?

Jakarta, Pintu News – An increase in insolvency cases involving cryptocurrencies has prompted the UK Insolvency Service to recruit its first crypto intelligence specialist. Andrew Small, a former economic crime investigator, has been assigned to help track and recover digital assets in criminal cases.

Check out the full information below!

Appointment of Andrew Small as Crypto Expert

Andrew Small, who has a background as an economic crime investigator, is now part of the UK Insolvency Service as a crypto intelligence specialist. His main task is to assist in the tracking and recovery of digital assets involved in insolvency and criminal cases.

📈 Insolvencies with crypto as asset up 420% in 5 years
🪙 Over £500,000 crypto in insolvency cases last year
🕵️‍♂️ Ex-police investigator appointed to trace digital assets in criminal cases

👇 Insolvency Service hires first crypto expert to help recover funds from bankruptcy cases
— Insolvency Service (@insolvencygovuk) June 9, 2025

Small will work with intelligence and insolvency officials to understand how crypto assets such as Bitcoin and Non-Fungible Tokens (NFTs) are stored, traded and hidden.

With his experience, Small is expected to provide in-depth insight into the often complex world of crypto that is difficult for the law to reach. This includes identifying digital wallets and transactions that may be involved in illegal activities.

Rise in Crypto Insolvency Cases

In the last five years, insolvency cases involving crypto in the UK have increased by 420%. In 2024-2025, the value of crypto insolvency cases reached over $500,000, a 364-fold increase compared to 2019-2020. This increase reflects the exponential growth in crypto adoption and integration in everyday economic activities.

The UK Insolvency Service is facing new challenges with the increase in cases involving digital assets. This requires new approaches and specialized expertise to effectively handle such cases. The appointment of a crypto expert is therefore an important step towards strengthening the agency’s capacity to deal with the evolving trends.

Market Behavior and Bitcoin Holders in the UK

According to a CoinCorner 2024 report, more than 51% of users in the UK have never sold their Bitcoin (BTC). This phenomenon, known as HODL, suggests that many Bitcoin holders choose to hold their assets long-term, waiting for more favorable market conditions to sell.

The average purchase of Bitcoin by UK users was around $412 per transaction, while the average sale reached $5,513, indicating that sales were strategic and considered.

This shows that the crypto market in the UK is not only active but also mature, with investors likely to make decisions based on analysis and market conditions.

Conclusion

The appointment of Andrew Small as a crypto expert by the UK Insolvency Service is a strategic move in the face of new challenges posed by insolvencies involving crypto assets.

With its expertise and experience, Small is expected to assist the agency in tracking and recovering lost or stolen digital assets. This marks a new era in the handling of economic crime related to digital technology in the UK.

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