As the popularity of Bitcoin, Ethereum and the rest of the alt-coins continue to rise, so too do the online scams associated with those digital currencies. Cryptocurrency tracing is commonly part of the investigation and recovery process for victims of:
• Online fraud
• Online theft
• Extortion schemes
• Romance scams
Investing in cryptocurrency means taking on risks, but getting scammed shouldn’t be one of them. Cryptocurrency fraud is a very serious crime. As well as the financial losses victims suffer, there can also be a lot of emotional distress and loss of privacy to consider.
Numerous individuals hold the belief that cryptocurrencies offer complete anonymity. Transactions involving Bitcoin and other digital currencies get publicly recorded on online blockchain ledgers. These ledgers only display users through their cryptocurrency addresses, nevertheless, authorities such as law enforcement, regulators, and financial investigators have devised inventive strategies to unveil this cloak of anonymity.
By utilizing tools for blockchain analysis and investigative approaches, including scrutinizing common spending patterns and the reuse of addresses, it is possible, under specific circumstances, to unveil the identities behind cryptocurrency transactions. In reaction to heightened scrutiny and surveillance, cybercriminals have refined their techniques for money laundering, incorporating methods like layering, and embracing novel technologies that enhance privacy. This ongoing back-and-forth contest between wrongdoers and investigators is continually intensifying within cryptocurrency markets. Every report is led by a Cryptocurrency Tracing Certified Examiner (CTCE), who specialises in fraud cases and holds a certification from CipherTrace, a company owned by Mastercard, which is widely acclaimed as one of the world leaders in crypto intelligence.
We represent a wide variety of clients in fraud cases, including personal investors and companies.
Due to the overwhelming demand for our services, we work only on cases involving financial loss of £10,000 or more.
All our services are available based on an hourly retainer model. When we onboard you as a new client, we charge an initial retainer, which is almost always sufficient for a successful resolution of the case. In addition to a retainer, we may charge a percentage contingency fee on funds recovered.
After confirming the identities of the main individuals involved, by equipping law enforcement with a crypto tracing report, their investigations can be significantly enhanced. The comprehensive asset tracing report offers vital information, enabling them to pinpoint the precise location of stolen funds. Law enforcement agencies often lack specialized crypto-tracing tools and may not have the necessary training to effectively trace cryptocurrencies. The tracing report becomes an invaluable asset, empowering the police to tackle cryptocurrency-related crimes more efficiently, substantially increasing the likelihood of recovering the stolen funds.
If you have lost money as a result of cryptocurrency fraud, you must report it to the police as a crime as soon as possible.
Our team of experts will investigate and analyse the transactions to uncover valuable information related to the case. We look at the behavioural patterns, origination and current location or status of the cryptocurrency in question, identify parties involved, indicators of fraud, dark market interactions, money laundering, and more to provide actionable insights and information.
Using deep knowledge and technical understanding of the complex cryptocurrency ecosystem, our experts will evaluate the situation and design an efficient and effective investigative strategy focused on fact-finding. These facts are presented in an easy-to-understand manner via verbal communication, expert reports, and written opinions. We utilise cutting-edge, proprietary technology and workflows to provide deep information not seen in typical blockchain explorer reviews to prove or disprove activities or behaviours for alleged offences.
In all scenarios, our forensic team acts with the utmost speed and efficiency. We know that in many cases, timing is crucial to the preservation of key facts and data. That’s why our professionals work to assess data populations, determine data source types, analyse actions of individuals and preserve evidence rapidly. We then deliver reports on case intelligence within the shortest possible timeline, helping organisations and individuals to quickly understand the matter and implement appropriate actions.