The Realities Of Crypto Asset Recovery Part 2

This article was first published in the 2nd Quarter 2025 of INSOL World.

Following the world's largest hack of a cryptocurrency exchange, ByBit, on 21 February 2025, in which approximately USD 1.4 billion dollars was misappropriated, formulating the most impactful digital asset recovery strategies which will yield the quickest results is of paramount importance.

This article confronts the practical realities of digital asset recovery, but for brevity, does not consider the digital asset recovery realities associated with valuations, cross-border enforcement or decentralised autonomous organisations due to the additional considerations at play. In this article we refer to cryptocurrencies and digital assets collectively as crypto assets.