Cryptocurrency Tracing and Recovery
The first step to recovering virtual assets is to determine where they were transferred and by whom. This defines our goal.
We are ready to use state-of-the-art IT technology and blockchain analysts with many years of experience in cryptocurrency to find your stolen virtual assets.
About
Cryptocurrencies
Cryptocurrenices are digital assets that utilize Blockchain technology in order to provide a decentralized monetary system, often outside of the Jurisdiction of regulatory bodies.
Are Cryptos Traceable?
While Cryptocurrencies are, with few exceptions, decentralized, almost all virtual currencies are traceable. Cryptocurrencies are kept in digital accounts referred to as wallets. Each time Cryptocurrency is moved from one wallet to another it is recorded in the Blockchain.
The Technical Solution
We are able to not only trace the movement of Cryptocurrency and identify the specific wallets, we are also able to identify where those wallets are being held and even track the locations of those that access the wallets.
Not all Cryptos are Equal
Most Cryptocurrenices are traceable, however, not all. We are able to trace the most popular Cryptocurrenices, including Bitcoin and Ethereum, as well as others.
Our Law Firm Partners with the FBI for Cryptocurrency Scam/Fraud Tracking and Cryptocurrency Recovery
If you have recently been a victim of a cryptocurrency scam or fraud, you probably know how difficult it is to recover your funds, especially when you try to handle it on your own. At our law firm, we provide attorney and IT assistance and can assist you with cryptocurrency scam/fraud tracking and cryptocurrency recovery upon request from law enforcement agencies.
The use of digital currency has been on the rise, and with it, the occurrence of crypto fraud or crime. When theft or loss occurs, crypto tracing is now possible to track the funds and potentially recover them.
Reasons for Cryptocurrency Fraud or Scams
The current environment has become a breeding ground for criminals. Here are some of the reasons why:
Lack of Understanding about Cryptocurrency
Many investors do not fully understand how cryptocurrency operates, making it easier for scammers to prey on unsuspecting victims with cryptocurrency rumors. Knowledge gaps and constantly evolving blockchain technology create opportunities for fraudsters. However, our cryptocurrency asset tracing service can help you navigate through these challenges.
High Volatility
The massive rise in cryptocurrency prices, coupled with stories of crypto millionaires, creates fear of missing out (FOMO) and the anticipation of huge profits. This can make average investors susceptible to scams, as some cryptocurrencies have made significant gains in just one year.
Lack of Consumer Protection
Unlike stock market investors who enjoy a certain level of security through regulations, cryptocurrencies offer little consumer protection. It can be difficult to differentiate between legitimate and fake businesses in the crypto space.
Tracing Stolen Cryptocurrency
To best assist our clients with their cryptocurrency recovery process, we can begin tracing their cryptocurrency as soon as we receive a case.
Our tracing service’s goal is to identify which Virtual Asset Service Provider the assets were sent to, to enable our clients to work with law enforcement or a law firm to potential freeze any assets in the relevant wallets.
The goal of our tracing service is to identify which VASP the assets were sent to so that our clients can understand everything.
Blockchain transparency allows us to track the on-chain flow of crypto assets on the most popular blockchains and determine where the stolen cryptocurrencies went. If the funds flowed to a service or exchange, our IT investigation team can work to identify the VASP (e.g. exchange) that received the crypto assets.
Steps to Trace Cryptocurrency
- The first step is for the client to send the law firm relevant information and evidence related to the initial cryptocurrency transfer they sent.
- The lawyer then files a case to back up the materials and the IT department tracks the cryptocurrency.
- If the tracking is successful, a full transaction report should be drafted.
- At Leander Hawk Law Firm, all reports are reviewed to ensure quality.
- Leander Hawk Law Firm can answer technical questions and can assist in recovering funds as a licensed attorney in civil and criminal cases.
Cryptocurrency Recovery: Conclusion
The rise of digital currencies has led to an increase in cryptocurrency fraud and scams, making the role of legal cryptocurrency recovery law firms more important than ever. Leander Hawk Law Firm stands out in this area, offering essential services in tracing and cryptocurrency recovery. Our experienced technical team uses advanced IT technology and deep blockchain knowledge to track down lost assets and help victims through the often complex process of cryptocurrency recovery. Whether you have been a victim of a cryptocurrency scam or want to understand the risks before investing, our comprehensive services are designed to support and guide you. Remember, with the right approach and the expertise of Leander Hawk Law Firm’s legal cryptocurrency recovery, recovering your lost digital assets is possible. We invite you to schedule a free consultation to learn how our cryptocurrency tracing and recovery services can help you.
The best way to protect yourself from cryptocurrency fraud is to approach it like any other investment or purchase. Just because you come across the terms “Bitcoin” or “cryptocurrency” doesn’t mean it’s a guaranteed payoff.
About
How Much Bitcoin
While the amount of Cryptocurrency that is either stolen, embezzled or misappropriated is unknown, experts agree the figure is in the Billions every year. You do not have to be part of this statistic. Before making any Cryptocurrency purchase, we can provide a full due-diligence report of all the Crypto Wallets involved.
If you have already lost Cryptocurrency, then schedule a complimentary consultation to see if your case qualifies for one of our Cryptocurrency Tracing and Recovery services.
Contact Us
40 Wall St, New York, NY 10005
Monday-Friday: 9:00am – 5:30pm
Saturday-Sunday: 10:00am – 5:00pm