Uncover hidden crypto assets in insolvency cases

We help insolvency practitioners, accountants, and solicitors identify, trace, and recover cryptocurrency holdings, providing court-ready expert reports that protect creditors and strengthen recovery efforts.

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The Challenge: Crypto in insolvency

Digital assets are no longer fringe. Around 7 million UK adults (12% of the population) hold cryptocurrency. In the last five years, insolvencies involving crypto have risen by 420%, with over £500,000 worth of crypto assets identified in the last year alone.

For insolvency practitioners, the risk is clear:

  • Debtors conceal assets by moving funds into wallets, exchanges, or offshore platforms.
  • Volatility and complexity make valuation and recovery difficult.
  • Failure to identify crypto leaves creditors short-changed and office holders exposed to claims.

Legal & industry context

Joseph Chinn, First Response

The treatment of crypto in insolvency is no longer uncertain the law is moving quickly, and practitioners must keep pace:

  • Official recognition: The UK Insolvency Service has appointed its first dedicated crypto specialist, signalling that tracing and recovering digital assets is now a mainstream expectation in insolvency cases.
  • Statutory reform: The Property (Digital Assets etc) Bill (2024) will, for the first time, put certain digital assets on a clear statutory footing as property under UK law making it easier for office holders to claim and recover them.
  • Court support: Recent High Court cases, including D’Aloia v Persons Unknown (2024), have confirmed that crypto assets (such as Tether) can attract proprietary rights. This strengthens the ability of insolvency practitioners to seek freezing orders, disclosure orders, and proprietary injunctions against hidden or dissipated digital assets.

What this means in practice: Insolvency practitioners can now pursue crypto with the same confidence as traditional assets, but only if supported by robust forensic tracing and clear, admissible evidence.

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Our solution: specialist crypto tracing for insolvency

Blockchain Tracing

Following funds across wallets, exchanges, and mixers to expose hidden assets.

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Avi Chinn, Head of First Response

Exchange Intelligence & Disclosure Support

Preparing detailed intelligence packs and supporting disclosure/freezing order applications against major crypto exchanges.

WRS team

Court-ready reporting

Independent, CPR-compliant reports admissible in insolvency proceedings.

Ben Walton, Paralegal

Strategic support

Guidance for enforcement, recovery actions, and creditor strategies.

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Hafsa Kahn, Trainee Solicitor

Why Insolvency Practitioners Choose WRS

Liam Ben leading our Cyrpto tracing services WRS team walking into office building
  • SRA regulated solicitors with in-house blockchain forensic experts
  • Reports that are clear, independent, and admissible in court
  • Recognised partners for accountants, insolvency practitioners, and litigation funders

How our process works

  • magnifying-glass

    Initial review and tracing

    We analyse available evidence, including bank statements, director disclosures, and digital records. Then, using leading blockchain forensic tools, we track crypto movements across chains, exchanges and third-party platforms.

  • bank

    Evidence preparation

    We prepare detailed transaction maps, counterparty analysis, and intelligence reports for use in insolvency proceedings.

  • chart

    Court-ready reports & support

    Our expert reports comply with CPR 35 standards and are designed to strengthen office holders’ applications in court.

Trusted by thousands

Join satisfied clients who’ve recovered their lost funds with WRS.

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The WRS senior team

Don't let hidden crypto undermine your client's settlement

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Frequently Asked Questions

  • Can crypto be hidden in insolvency?

     Yes. Debtors often move funds into crypto wallets or exchanges to avoid detection. Our tracing tools uncover these hidden flows.

  • How are crypto assets treated in insolvency?

    UK courts increasingly recognise crypto as property, meaning they can be seized, frozen, and distributed to creditors.

  • What if I don’t have wallet details?

    We can work from indirect evidence — bank transfers to exchanges, digital records, or device data — to identify wallets and transactions.