Disclaimer: This article is intended as an informative piece. This is not accounting or tax advice. Please speak to a qualified tax professional about your specific circumstances before acting upon any of the information in this article.

Being the victim of theft or fraud resulting in the loss of cryptoassets is not considered a disposal. If the individual can prove they did hold the cryptoasset at some point, yet there is no chance of recovering the cryptoasset, they can file a negligible value claim. 

However, those who did not receive a cryptoasset that they paid for may not be able to claim a capital loss according to the HMRC guidance.
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