A year after the $1.5bn Bybit heist, crypto fraud is booming—but so is recovery. Writing in NLJ this week, Neil Holloway, founder and CEO of M2 Recovery, warns that scams hit at least $14bn in 2025, fuelled by ‘pig butchering’ cons and AI deepfakes
Yet the surge presents opportunity: asset tracing and cross-border injunctions are moving centre stage as courts treat stolen tokens as recoverable property. With legal costs topping £250,000, specialist firms now blend recovery with insurance, while preventive tools flag suspect wallets before funds vanish.
‘Crypto recovery’, Holloway argues, is no mere niche but ‘a defining feature of commercial litigation’—essential if digital assets are to become a ‘legitimate, trusted pillar’ rather than a risky frontier.
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