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Version status: Partly in force | Document consolidation status: Updated to reflect all known changes
Version date: 26 April 2024 - onwards
  Version 2 of 2    

303Z51. Victims and other owners: crypto wallet freezing orders

(1) A person who claims that any cryptoassets held in a crypto wallet in respect of which a crypto wallet freezing order has effect belong to the person may apply for some or all of the cryptoassets to be released.

(2) An application under subsection (1) is to be made -

(a) in England and Wales or Northern Ireland, to a magistrates' court;

(b) in Scotland, to the sheriff.

(3) The application may be made in the course of proceedings under section 303Z37 or 303Z41 or at any other time.

(4) The court or sheriff may, subject to subsection (8), order the cryptoassets to which the application relates to be released to the applicant if it appears to the court or sheriff that -

(a) the applicant was deprived of the cryptoassets to which the application relates, or of property which they represent, by unlawful conduct,

(b) the cryptoassets the applicant was deprived of were not, immediately before the applicant was deprived of them, recoverable property, and

(c) the cryptoassets belong to the a

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