This recent local news story is another example highlighting the importance of protecting your digital assets.
When planning for the future and in particular making Wills most people think about leaving the obvious things to beneficiaries, including property, personal items and assets.
Many people do not, however, think about what will happen to their digital assets when they pass away.
Not having an accurately drafted Will could potentially mean your digital assets and any crypto currency you have during your lifetime could potentially be lost when you pass away, depriving beneficiaries from huge amounts of money.
Still story referring to £8million shows there is a huge amount of wealth held in digital assets and it is paramount the correct legal advice is provided to ensure assets end up in the correct hands.
Oxford Arrest Over Crypto Currency Fraud A man from Oxford has been arrested by police looking into a huge crypto currency fraud. At least 85 people globally have had £8 million worth stolen. The 36-year-old man from Oxford was arrested on suspicion of fraud, theft and money laundering offences, after a joint operation between regional police and European colleagues. A number of computers and electrical goods were also seized, alongside drugs and cash. The operation, led by the South East Regional Organised Crime Unit (SEROCU) alongside colleagues from the State Criminal Police of Hesse, in Germany, and Europol, and supported by the National Crime Agency (NCA), was launched following the theft of around €10 million in ‘IOTA’ crypto currency from more than 85 victims world-wide since January 2018.