As digital assets have moved further into the mainstream, criminal networks are scaling just as fast, if not faster. Fraud involving cryptocurrencies has surged in both scale and sophistication, rapidly evolving from opportunistic online scams into a highly organised, industrialised global threat – think of the allegations against Chen Zhi last year.

According to Chainalysis’ 2026 Crypto Crime Report, an estimated $17 billion was stolen through crypto scams and fraud in 2025 alone. The headline number only tells part of the story. What I see in practice is the rapid professionalisation of fraud ecosystems with organised networks running fraud-as-a-service models, selling phishing infrastructure, and even “customer support” to other criminals. Campaigns are more targeted and more effective as a result, reflected in average scam payments jumping from $782 in 2024 to $2,764 in 2025, a 253% increase.

Artificial intelligence is now supercharging that threat. TRM Labs reports that AI-enabled crypto scams jumped 500% in 2025, while other industry data suggests deepfake-driven scams rose by as much as 700% with generative AI allowing criminals to create hyper-realistic videos or cloned voices. These tools allow criminals to impersonate trusted individuals or institutions with chilling realism and at minimal cost. Alongside this, social media platforms have become primary hunting grounds, while long-running “pig-butchering” scams continue to dominate losses, combining cruel romance and impersonation tactics into a single operation.

As a litigator dealing with digital asset recovery, I see the sharp end of crypto fraud including hacked exchanges and sophisticated scams. This often means acting fast by securing urgent injunctions or worldwide freezing orders to trace stolen assets and freeze funds. For victims, the legal reality after a fraud can be stark.

Even where recovery is viable, many individuals simply cannot afford to pursue claims. Cross-border tracing and urgent court applications, for instance, can be complex and costly. Court fees can be intimidatingly high. The result is that viable claims go unpursued, allowing bad actors to go under the radar. 

This is where specialist protection products are beginning to change the landscape.

Most insurance products cover before-the-event coverage, and pay fees associated with recovery. Whilst this is an excellent service, many individuals tend not to take out insurance like this as they are being socially engineered.  

One after-the-event insurance product is offered through L6 Recovery Law which has launched a pre-eminent product dedicated to help victims recover digital assets valued above £350,000. The offering is a no-win no-fee basis for after-the-event insurance, meaning this product is available to those who have already lost funds. This lowers the bar for victims and ensures good cases that might otherwise have not been picked up, stand a fighting chance.  

With fraud around digital assets continuing to accelerate in scale and complexity, keeping pace can be tricky. What we are seeing is the emergence of a more mature reactive service made up of specialist litigators, forensic investigators and insurers working in coordinated response. 

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We are now a year on from the largest cryptocurrency heist in history, when Bybit CEO Ben Zhou authorised what seemed like a routine transaction, only to lose $1.5bn in a single stroke. Hackers intercepted the request, altered the code, and redirected the funds into their own wallets. The anniversary of this event serves as a chilling reminder that while cryptocurrencies may have matured into a credible alternative to traditional finance, they still lack many of the safeguards that underpin global institutions.

Blockchain data platform Chainalysis now estimates that in 2025, cryptocurrency scams received at least $14bn on-chain, a significant increase from the $9.9bn first reported in 2024. This figure is expected to exceed $17bn as the team at Chainalysis identifies more illicit wallet addresses in the coming months for 2025.

For legal professionals, regulators, and financial institutions alike, this trajectory underscores the urgency of building a framework not only for prevention but for meaningful recovery.

Increasing sophistication

Gone are the days of crude ‘send me your Bitcoin’ emails. Today’s fraudsters operate with a chilling sophistication.

‘Pig butchering’ scams, where criminals use large language models to conduct long, convincing conversations with victims, represent a new frontier in social engineering. Meanwhile, technical exploits such as unaudited smart contracts, address poisoning, or fake token approvals allow scammers to siphon funds with remarkable speed and precision.

The rise of artificial intelligence deepfakes has compounded the problem, with convincing audio and video impersonations of trusted figures luring even seasoned professionals into parting with their assets. For victims, the experience can be devastating. For the broader crypto ecosystem, such scams threaten confidence and adoption at scale.

The fightback

Too often, in my experience, victims of crypto crime simply don’t have the means to fight back, regardless of how strong their case is. Fortunately, the industry response to these challenges is maturing rapidly.

Specialist firms—such as L6 Recovery Law—deploy a mixture of crypto recovery and legal expenses insurance services to help victims recover losses once thought irretrievable. Legal costs of recovering your stolen cryptoassets can reach upwards of £250,000. However, the heartbreak of being deceived out of cryptocurrency can now have a happier ending, as victims no longer have to write off their losses as unrecoverable.

Crypto recovery is also no longer purely reactive. New services are emerging to flag suspicious counterparties before a transaction is completed. Such preventive measures reduce the likelihood of scams succeeding in the first place.

For the legal profession, the surge in crypto fraud is not just a challenge but an opportunity. Asset tracing, interim injunctions, and cross-border enforcement—once niche specialisms—are fast becoming core tools in recovery. As fraudsters exploit the speed and borderlessness of blockchain, lawyers are being called on to test the limits of traditional remedies in novel contexts.

The UK Law Commission’s recent work on recognising digital assets as property has given courts a stronger footing to treat stolen tokens as recoverable in law, and its reports on decentralised structures signal an ambition for the UK to lead globally in this field. For lawyers, the message is clear: crypto recovery will not just be an ancillary niche, but a defining feature of commercial litigation in the years ahead.

The crypto safety net

The rise of cryptocurrency has always been intertwined with the rhetoric of decentralisation and autonomy. Yet, as recent heists have shown, decentralisation without accountability leaves victims exposed. The rise of crypto recovery is not merely a response to fraud. It is a prerequisite for the sustainable future of digital assets. As institutional money flows in and traditional finance adapts, the work we do now will determine whether crypto achieves its potential as a legitimate, trusted pillar of the global economy, or remains a frontier defined by risk.

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Chaired by Nick Shah, former senior officer within the UK’s National Crime Agency, the panel brought together Matt Green (Head of Disputes and Strategy, L6 Recovery Law and Head of Blockchain, Digital Assets and Technology Disputes, Lawrence Stephens), Jordan Wain (UK Public Policy Lead, Chainalysis), Adrian Morris (Associate Director, Digital Asset Recovery, Grant Thornton) and Michael Skidmore (Head of Serious Crime Research, The Police Foundation) to reflect on the pace at which crypto-related fraud is evolving and what must happen next.

Key themes from the panel and Q&A included:

• The growing industrialisation and professionalisation of crypto scams, with AI supercharging this.
• The policing challenge: fraud now accounts for ~40% of UK crime, yet resources and expertise remain highly localised.
• The need to shift from a reactive to intelligence-led response, with stronger coordination and international collaboration.
• The victim journey, including reporting barriers and how difficult/costly recovery can be even where viable.
• The role of insolvency frameworks and public-private partnerships in tracing and recovering stolen assets.
• The continued importance of consumer education as scams continue to grow and become more sophisticated.

The key takeaway?

Crypto crime is evolving fast and tackling it will require deep collaboration across enforcement, policymakers, technology specialists and the private sector. Therefore, conversations like this have never been so important.
Thank you to everyone who joined us and contributed thoughtful questions to the discussion.

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Decentralized finance (DeFi) and digital assets have revolutionized finance. However, as these trends gain mainstream acceptance, cyber threats are evolving just as rapidly. 

With over 20 years in cybersecurity governance, risk and compliance, I’ve recently led projects concerning the regulatory requirements and risk assessments of digital assets. Through conducting risk assessments and designing compliance frameworks, I’ve seen both the increased scale of the risk and the efforts to address these concerns.

With cyberattacks becoming increasingly frequent, the question remains whether the DeFi industry is adequately prepared to combat these rising threats.

The Increasing Frequency Of Hacks

Digital assets have long been an attractive target for cybercriminals due to their pseudonymous transactions and relatively unregulated nature, but the attacks seem to be rising in both scope and frequency.

In fact, there have already been large-scale digital asset breaches just this year. The Lazarus Group is suspected of one of the largest digital assets heists in history, stealing $1.5 billionfrom Bybit’s Ethereum cold wallet. Likewise, Coinbase suffered a major insider-driven data breach affecting nearly 70,000 users, with attackers bribing overseas support agents to access sensitive personal information. The company now faces up to $400 million in remediation and security costs.

According to Chainalysis, at least $40.9 billion was received by illicit addresses in 2024, but they estimate the total may be closer to $51 billion. These developments indicate that digital asset hacks are no longer isolated incidents. Instead, they represent a systemic challenge that the industry must urgently address.

Likewise, L6 Recovery Law, an insurance company focused on recovering stolen digital assets, found that increasingly sophisticated methods like phishing and man-in-the-middle attacks are being used to steal digital assets. In 2023, their research showed that it cost upwards of £250,000 to investigate and recover lost assets.

Why DeFi Is Vulnerable

The DeFi ecosystem remains vulnerable to exploitation due to several structural weaknesses, including:

• Unaudited Smart Contracts: These self-governing computer programs that control digital agreements might have weak spots if they haven’t been carefully checked.

• Insecure Cross-Chain Bridges: These tools help move digital assets or data between different blockchains. However, these bridges must be built securely.

Furthermore, the industry’s focus on transaction speed and efficiency can lead to trade-offs that compromise security, leaving platforms vulnerable to exploitation.

Compounding these technical risks are regulatory gaps that hinder enforcement. Unlike the banking sector, many digital asset activities don’t have clear regulations yet, with different rules in different countries, creating ongoing uncertainty about how to manage compliance requirements.

Perhaps partly because of this uncertainty, the digital assets industry remains largely reactive, addressing security flaws only after breaches have occurred.

However, some security advancements in security are a cause for optimism.

For instance, many DeFi platforms now require multifactor authentication to prevent unauthorized access. Cold storage solutions have also become more prevalent, with leading platforms storing the majority of assets in offline cold wallets (registration required) to reduce exposure to online threats. Additionally, AI-powered fraud detection tools are being integrated into DeFi platforms to monitor transactions and suspicious activities.

Strengthening Cybersecurity 

To mitigate the increasing cyber threats, industry leaders must shift from reactive security measures to proactive strategies. Several key areas require improvement to ensure stronger defenses:

1. AI-Driven Security Solutions: AI-powered fraud detection systems can analyze transactions to spot unusual behavior and stop fraud. In fact, Deloitte has suggested that advanced technologies, like AI anomaly detection, are no longer optional but a necessity in fraud detection. 

2. Enhanced Regulation And Compliance: Governments and firms are working together to create clearer rules around digital assets. Regulations like the EU’s MiCAR framework and the U.S. SEC guidelines enforce transparency, anti-money laundering (AML) and know-your-customer (KYC) policies on DeFi platforms, helping prevent bad actors from abusing the system. The regulatory environment remains complex but is evolving toward stronger oversight.

3. Digital Asset Insurance And Asset Recovery: Digital asset insurance is growing, with firms offering policies to protect against hacks and losses. For example, firms review the effectiveness of insurance products and rapid asset-freezing techniques to recover stolen funds quickly and reduce losses.

While DeFi hacks are increasing at an alarming rate, these strategies can significantly reduce cybercrime risks and provide a safer environment.

It’s also important to note that the major breaches serve as a stark reminder that cybersecurity is not just about protecting assets but also safeguarding user data. Insider threats, social engineering and weak security protocols can lead to devastating consequences. DeFi’s future depends on how effectively it addresses these cyber threats.

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“What the industry is experiencing right now is euphoria. Everyone is talking about it,” Quynh Ho tells me. Head of venture investment and corporate development at the GSR Group, a global leader in crypto trading and investment with an office on Curzon Street, Ho oversees GSR’s venture investment portfolio. The firm is an active, multi-stage investor in more than 200 crypto companies and protocols within the spheres of finance and technology.

We met just before Christmas. Bitcoin, the world’s first and most popular cryptocurrency, had just surged to a record high, rising in price by more than 50 percent since Donald Trump’s electoral win. This was in no small part due to Trump’s newfound warmth towards virtual currencies—having previously called Bitcoin a scam, he spent his election campaign vowing to make the US the “crypto capital of the planet.”

Bitcoin’s dramatic resurgence has piqued the interests of British investors who come in all shapes and sizes: from crypto-curious teenagers to high-net-worth individuals working in the finance sector. According to research by the polling firm YouGov and the Financial Conduct Authority (FCA), the City watchdog, one in eight adults in the UK now own cryptocurrency, with an average holding of £1,842.

Despite its rise in value, Bitcoin and other cryptocurrencies are polarising. Stories of virtual currencies delivering lucrative returns abound. So do cautious warnings from the FCA and other organisations about the risks of investing in these volatile assets.

New regulations around cryptocurrencies are still being finalised under Prime Minister Keir Starmer, who plans to deliver the comprehensive framework proposed by the previous government.
“In the UK, the marketing of crypto products is heavily regulated by the financial promotions regime. That limits how crypto could be promoted and by whom,” explains Raphael Landesmann, a regulatory counsel at GSR. “We’ve also got an anti-money laundering financial crime regime, which applies to crypto, but we don’t yet have a full licensing regime. That’s the bit the government is going to consult on through [2025], and the industry is really clamouring to get [that] finalised.”

Based in Marylebone, crypto insurance firm L6 Recovery Law specialises in crypto recovery services, from investigating and tracing the proceeds of fraud to complex legal recovery processes and enforcement. The firm’s director, Louise Abbott, tells me that “since Trump was elected, crypto [investment] has gone through the roof.”

Abbott warns that the surge of interest in cryptocurrencies leaves people vulnerable to fraudsters and scams. The latter are becoming more elaborate, with criminal gangs using sophisticated marketing techniques via social media to entice investors.
“These fraudsters operate on an absolutely massive scale,” Abbott says. “You’re talking about huge warehouses, billions of crypto passing through wallets every day.”

TRM Labs, a blockchain intelligence company that detects and investigates crypto-related financial crime and fraud, found that the value of stolen crypto assets worldwide more than doubled in the first half of 2024.

Abbott has been busy fielding calls from those unlucky enough to fall for these scams. While some of her clients are “little old ladies,” others are lawyers or investment bankers. Just before we talked, she received a call from someone who had been happily investing in Bitcoin for over a year. “They said: ‘I just tried to withdraw my money, and I can’t.’”

Scammers pinpoint areas of high wealth, with Mayfair being an obvious target. “I have a client who lives in the area and a couple who work there,” Abbott tells me. “One is an entrepreneur who was [involved in] an investment scam. He’s in his 50s and had been showing interest online, looking at crypto. Another lady, who’s well known, has been targeted because she is wealthy.”

L6 offers a unique insurance policy for crypto investors who have been scammed, covering £250,000 in legal fees and disbursements. To reclaim stolen crypto assets, Abbott and her legal team obtain a freezing injunction through a court process to prevent further funds from being withdrawn illicitly. Once this is granted, Abbott works with crypto platforms to retrieve these stolen funds, which can be tracked through a blockchain ledger.

In her work recovering stolen crypto assets, Abbott has worked with the US Secret Service, the British police, and other enforcement agencies, peering into the shadowy underbelly of a new breed of globalised crypto crime networks. Strong evidence suggests these gangs or cartels have links to authoritarian regimes, acting on their behalf to help fund state activities.

“Some of them are definitely state-backed or funding warfare,” Abbott says. “Some of them you can attribute to terrorism. They’re really quite horrendous.”

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Fraud, unfortunately, is a common challenge with any emerging asset class, and crypto is no exception.

As a practising solicitor specialising in domestic and international civil fraud, cryptocurrency, and asset recovery, I see daily the pain of those that have lost their investments and sometimes livelihoods to increasingly sophisticated fraudsters. 

It is something crypto investors are all too familiar with. In recent research, the FCA found that consumers consider scams as “part and parcel” of investing. It adds up – according to research by TRM Labs, the amount of cryptocurrency stolen has more than doubled in the first half of 2024, compared to the same period last year. 

Although my professional lens into the industry is one of fraud and scams, I believe that digital assets will play a key role in the future of finance.

They have the power to change society and the economy as we know it. However, with 18% of the UK population, according to FSCS’s latest research, holding crypto, I continue to urge the community to remain vigilant. 

The scams

When I first delved into crypto recovery, scams were predominantly linked to phishing, a type of online scam that targets consumers by sending them an e-mail or text message that appears to be from a well-known source. 

Nowadays, this is just the tip of the iceberg – with scams being more intricate and elaborate by the day:

• Romance or “pig butchering” scams, where individuals are targeted through dating apps and manipulated into investing.
• Long-term investment scams using fraudulent trading platforms and exchanges.
• Scams involving bogus training or educational programs, where victims are tricked into enrolling in a deceptive cryptocurrency course.
• Giveaway scams, where investors are deceived into contributing to a project that suddenly collapses, with all liquidity rapidly siphoned off.
• Rug pulls, where fraudsters create a seemingly credible project, lure in investors, and then abruptly abandon it, leaving the investors with nothing.

While these scams differ in their specific tactics, they commonly involve victims transferring money via a fraudulent platform. These platforms are usually operated by entities connected to organised criminal networks and gangs.

Typically, the scam includes assigning an “account manager” to the victim, who maintains regular contact through phone calls or messaging to persuade them to continue investing over time. The victim is often given access to a fake online application to monitor their supposed investments.

As later investigations often uncover, these online applications are merely tools for the scammers to manipulate the victim’s perception of their investments. In most cases, the funds are immediately stolen by the scammers to finance criminal operations, which include the horrors of terrorism, child exploitation and human trafficking.

Unfortunately, just as the industry continues to evolve, fraudsters are operating with increasing sophistication. AI and deepfakes are now being used to create scams that appear highly authentic. Just take the recent AI versions of the Prime minister and the Prince of Wales that have appeared in hundreds of adverts promoting a fraudulent cryptocurrency trading platform.

The adverts have reached up to 890,000 people on Meta’s social media sites, which include Facebook and Instagram. Today’s crypto investor faces a new series of challenges.

The recovery

If you are unfortunate enough to fall foul of a scam, retrieving crypto assets is a complicated and costly process. The legal expenses can be significant. 

Most cryptocurrency frauds are perpetrated by large-scale organised criminal gangs outside the UK. The first step is tracing the crypto asset, to ensure it is available to be recovered. 

This work is usually undertaken with a team of specialist investigators. Following this, it may be possible, through a legal process, to obtain a world-wide freezing order and/or a proprietary injunction over the stolen assets, to ensure they cannot be taken by the scammers, whilst the victim pursues a judgment for the return of their stolen funds.

The English Courts are well rehearsed in these cases, and it is possible to pursue unknown scammers, or those outside of the jurisdiction. 

For those who fall victim to these scams, it is crucial to act swiftly and seek professional help.

Recovery is possible but requires navigating complex legal and technical challenges. By remaining alert and adopting protective measures, investors can safeguard their assets and contribute to a more secure and trustworthy crypto ecosystem.

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Fraud is as old as commerce itself, but the rise of cryptocurrency has opened a new and rapidly evolving front in the battle against scams.

For those of you unfamiliar with cryptocurrency, I am looking at many of my parliamentary colleagues here, its potential is as exciting as it is revolutionary. In short, it introduces a new way of transferring value. It is also crucially decentralised, meaning it operates without a central authority like a bank, allowing for peer-to-peer transfers with increased transparency and security.

It’s not a case of if but a case of when we see this disrupting the traditional financial system, particularly with the return of a certain president Trump to the White House, reversing a previously hostile environment for the crypto community in the US. You need only to take a look at the price of Bitcoin to get a sense of how the community is feeling – bullish.

But we don’t need to look across the Atlantic to find evidence of the shifting sands. Closer to home, recent figures from the FCA show that 12% or 7 million citizens hold cryptocurrency and consumers are increasingly viewing it as part of ‘a wider investment portfolio’.

In short, the horse has bolted and crypto is here to stay.

Unfortunately, so is fraud. Where there’s money there’s scammers and cryptocurrency is now firmly in the crosshairs of bad actors who want your crypto cash. Unsurprisingly, as the market grows so does fraud – the market almost tripled in 2024 and stolen funds increased by approximately 21% to $2.2 billion, according to Chainalysis.

This trend is matched by an increasing sophistication of cyber criminals. Cryptocurrency scams have evolved far beyond the days of simple phishing emails. Today’s scammers are using advanced techniques that make these scams harder to detect, including increasing use of AI to carry out highly personalised sextortion attacks. New methods are bearing fruit for scammers, as 2024 saw a 56% increase in the number of large loss cases, with thirty high value thefts over $1 million.

These criminals operate from all corners of the globe, masking their VPNs to make it challenging to track them down and bring them to justice. Take North Korean hackers who are stealing more from crypto platforms than ever before, $1.34 billion in 2024, or 61% of the total amount stolen for the year.

Concerningly, 1 in 5 Brits using cryptocurrency are also under the impression they will receive financial compensation if scammed by these bad actors. They will not. And let’s not forget that behind each scam is a victim, usually an ordinary person, lured in by sophisticated tactics, who is left scarred by the experience and facing financial ruin, stress and mistrust.

But there is no need to throw the baby out with the bath water here. The bottom line is that new technologies, especially those born from the internet, often face security challenges in their earliest days. As adoption grows, industry participants learn from each incident and security improves.

Fortunately, the market is responding with innovation of its own. Companies like L6 Recovery Law for example offers a lifeline with insurance that covers the costs of the burdensome track, trace and legal fees for victims to get their cryptocurrency back.

Ultimately, there is no better replacement than not being scammed at all and knowledge will always be the best deterrence. The more informed you are, the harder it is for scammers to take advantage.

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There’s a lot of talk about the future of crypto – how it’ll reshape finance, decentralise control, and unlock new economic models. And that vision still holds. But right now, too many people are losing money. I am not referring to market volatility or bad trades, but rather the prevalence of fraud and scams.

In 2024 alone, Chainalysis estimates that a whopping $12.4bn was lost as a result. 

We must fight back – not solely from code bugs or protocol failures, but also from fraud: pig butchering schemes, fake platforms, phishing links, wallet drainers, SIM swaps. These are crimes built on trust – manipulated, then monetised.

And they’re happening every day.

We often hear the word ‘hack’ thrown around when funds go missing. But most of what I see isn’t a traditional hack. It’s psychological manipulation. It’s social engineering. 

Take pig butchering (a type of online scam where the victim is encouraged to make increasing financial contributions over a long period), which has grown by 40% in 2024. It’s a slow-burn scam where someone builds a fake online relationship, often over weeks – before introducing a “can’t-miss” crypto investment platform, for example. Everything looks real.

The site works, the charts move, withdrawals appear to process. But it’s a trap. And once the victim is deep enough in, the exit vanishes.

Losses can be life-changing. Some of our customers have lost 8-figure sums. And because crypto lacks the safety nets of traditional finance – no chargebacks, no fraud department – most people are told there’s nothing they can do.

We don’t think that’s good enough.

In crypto circles, people often talk about security in technical terms: audits, zero-days, bridges and smart contract bugs. That stuff matters. But the biggest threat I see every day, as the founder of a crypto insurance, investigation and recovery firm, is people being deceived, with human nature and vulnerabilities being exploited. 

Yet, too many platforms still treat fraud as a user-side problem. There’s often no formal response process. No fund tracing plan. No recovery team. And when victims ask for help, the response is usually a shrug after a long wait for a response. 

And timing matters. The first 24 – 48 hours after a scam are often make-or-break for any kind of recovery. That’s why we’re set up to move fast.

Crypto is no longer just an experiment. It’s becoming infrastructure – for payments, for identity, for asset ownership. But if we don’t fix the trust issue, adoption will stall. People won’t come near something they feel they don’t understand – or worse, don’t feel safe using.

The crypto industry can no longer treat trust as a user problem. Platforms, devs, and investors all have a stake in building systems that are resilient not just to bugs, but to bad actors. That means designing for prevention, detection, and response. It means funding recovery infrastructure, publishing clear protocols for fraud cases, and refusing to ignore victims. We need the same kind of seriousness applied to scams as is applied to smart contract audits. Until that happens, fraud will remain the single biggest threat to mass adoption.

The truth is, we need a shift in culture. Security can’t be an afterthought. It can’t be seen as a blocker to growth or a checkbox before launch. It has to be baked into the DNA of every team, every product, every roadmap.

Let me be clear: this is not a call for deceleration – far from it. But if we’re serious about achieving the mass adoption the industry aspires to, we must focus on strengthening the entire ecosystem. Because the promise of Web3 is not just exciting – it’s worth protecting.

And it starts with trust.

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Former Northern Ireland Secretary of State Chris Heaton-Harris has taken up a new role as a senior advisor to a UK-based “crypto asset recovery and insurance firm”.

Mr Heaton-Harris first entered politics when he became a member of the European Parliament in 1999.

A self-described “fierce Eurosceptic”, he served in Brussels before standing down in 2009.

The following year he entered the House of Commons in what was his third attempt to win a seat.

He served for a time as the Government’s chief whip, Minister of State for Transport and Minister of State for Europe.

Mr Heaton-Harris also chaired the European Research Group, a Eurosceptic group of Conservative MPs.

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Chris Heaton-Harris (pictured), former Secretary of State for Northern Ireland, has joined L6 Recovery Law, a firm specialising in crypto asset recovery and legal expenses insurance, as a senior advisor.

Heaton-Harris was Member of Parliament for Daventry from 2010 to 2024 and held several government positions, including Secretary of State for Northern Ireland under Prime Ministers Liz Truss and Rishi Sunak, Minister of State for Transport, and Chief Whip of the House of Commons under Boris Johnson. During his time as Northern Ireland Secretary, he was involved in implementing The Windsor Framework and managing negotiations with the European Union amid political challenges.

Prior to his parliamentary career, Heaton-Harris was director of a family-run wholesale business for nearly ten years. He also served as a Member of the European Parliament (MEP) for the East Midlands from 1999 to 2009, acting as Conservative Chief Whip from 2001 to 2004. During this period, he worked on addressing fraud and mismanagement within European institutions, including involvement in the case of Marta Andreasen, the European Commission’s former Chief Accountant.

At L6 Recovery Law, Heaton-Harris will apply his political and leadership experience to support the firm’s work on crypto asset recovery and fraud prevention in a complex financial landscape.

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