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  4. Asset Recovery
  5. Lost Crypto Recovery

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Asset Recovery

Lost Crypto Recovery

How is lost crypto traced?

Through the debtor's inventory, which also covers relationships with third persons.

Within what period is the inventory submitted?

Within 5 days of the request, with a written guarantee.

Under what rule does seizure occur?

Under the rule of seizure of movable property; securities follow the same rules.

Is other realisation possible?

Yes, by agreement of the parties, before the auction is announced.

4 min·8 Feb 2026

Recovery of lost crypto, once the injured party holds an enforcement document, proceeds with the instruments of the Georgian Law on Enforcement Proceedings. No rule specific to cryptocurrency could be located in the law, but the mechanisms of the National Enforcement Bureau — the investigation of the debtor's financial position, seizure and realisation — reach digital assets as well, because the mandatory inventory also captures the debtor's legal relationships with third persons: exchange accounts and claims against wallets. This page explains that route under Articles 42, 40, 52 and 53 of the law.

Investigation of the financial position and digital assets

Under the second part of Article 42, the National Enforcement Bureau may oblige the debtor — for instance, a fraudster against whom an enforcement document has been issued — to submit an inventory of his property and information on the legal relationships connected with it. The inventory must also record the property to the demand of which the debtor is entitled against third persons, with the basis and evidence: a claim on an exchange account and other digital demands are thus objects of the inventory.

Under the third part, the debtor gives a written guarantee that the data were submitted as correctly and completely as possible and reports subsequent changes additionally; under the fourth part, failure to submit the inventory within 5 days, refusal to give the guarantee, or knowingly incorrect information triggers liability, and the Bureau itself verifies the correctness and completeness of the data. Concealing a lost asset is therefore a risk for the debtor.

The instrument is valuable precisely because it describes wealth broadly: the inventory captures the debtor's things, his claims and obligations; each claim against a third person is entered with its basis and evidence, and property to which the debtor holds the right of demand is noted separately. Coins assembled on an exchange account, wallets and other digital positions thus become part of the disputed circumstances, and concealing them breaches the guarantee.

Updated: 16 Oct 2026

Legal basis:

  • საქართველოს სამოქალაქო კოდექსი