As the popularity of Bitcoin, Ethereum and the rest of alt-coins continue to rise, so too do the online scams associated with those digital currencies. These are the most common types of fraud on the blockchain:
• Fake Cryptocurrency Investments
• Business and Investment Fraud
• Cryptocurrency Ponzi schemes
• Bitcoin-Stealing Malware
• Fake Crypto Wallets
• Theft by Hacking
• Giveaway Scams
• Crypto Phishing
• SIM Swapping
• Exit Scams
• ICO Fraud
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.
Where the authorities are not interested in pursuing compensation, we can assist with a private prosecution. Organisations that hold your personal information have a legal duty to keep it safe. So, if the fraud was made possible due to poor security processes and negligence at a company you trusted, you may be able to make a data breach claim and can be entitled to compensation.
Despite common belief, cryptocurrency crimes do not represent an investigative dead-end. We work with leading technical specialists to investigate cryptocurrency cases and secure justice for victims.
Our experts utilise proprietary and cutting-edge investigative technology and methodologies to help extract relevant data to prove claims, understand and evidence how such crimes occurred, assess damages and identify offenders. With a cross-functional team of data privacy, data security, e-discovery and digital forensics professionals, we leverage our legal and technical expertise to fully investigate claims related to blockchain or cryptocurrency fraud.
Our investigations can help to uncover who the perpetrators are, monitor crypto movements in real-time, and ultimately help with seizing and recovering your crypto assets.
We represent a wide variety of clients in fraud cases, including personal investors and companies.
Due to the overwhelming demand for our services, we only work 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 charge a percentage contingency fee on funds recovered.
When you’re looking into digital cryptocurrency companies and startups, we recommend that you confirm that they’re blockchain-powered, which means they track detailed transaction data. Also, check that they have solid business plans that solve real problems. Companies should specify their digital currency liquidity and ICO rules. There should be real people behind the company. If the startup you’re investigating lacks some of these characteristics, think through your decision even more carefully.
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.
Upon receiving the law enforcement report, our team of experts will then 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.