UK recovers $671K in stolen crypto under new law

UK police recovered $671,000 in stolen crypto from a fraud case involving an 80-year-old victim, the first use of new powers under the amended Proceeds of Crime Act. The 2023 update allows freezing and recovery of crypto assets. Legal experts call it a breakthrough for tackling cross-border crypto fraud, with over $7.7 million recovered to date, Decrypt reported.