UK prosecutors have launched proceedings to confiscate all assets owned by Craig Costello, targeting his properties, cash and digital assets. The action underscores authorities' increasing focus on recovering value held in crypto as well as traditional accounts.
The U.S. Department of Justice announced Nov. 14 that it secured convictions against U.S. residents who aided North Korea in schemes to steal large amounts of cryptocurrency and has seized assets tied to cyberattacks on crypto platforms. The move highlights criminal risks in the sector while signalling tougher enforcement.
A draft Russian law that recently cleared another parliamentary stage would classify cryptocurrencies as property and permit law enforcement to work with foreign trading platforms to seize crypto assets in criminal cases. The move raises cross-border enforcement and privacy concerns for holders and exchanges.