The London police in the UK have launched a cryptocurrency asset recovery program in collaboration with law firms, primarily targeting cases that cannot be prosecuted criminally

ChainCatcher news, according to Decrypt, the London police have partnered with law firm Gowling WLG to launch a civil asset recovery program. This program primarily targets cases where criminal prosecution is not possible, providing victims of cryptocurrency fraud with the opportunity to recover their assets.

Previously, the UK police successfully recovered £520,000 (approximately $671,000) in stolen cryptocurrency for an 80-year-old man as part of a pilot project. This recovery operation was made possible by updates to the Proceeds of Crime Act 2002, which granted police the power to freeze stolen digital assets.

Gowling director Bríd Holden stated that they hope to increase victims' willingness to report incidents through this collaboration. The partnership will coordinate the recovery efforts between the police, victims, and their legal representatives to combat organized crime groups.