Manchester: 0161 797 8123

London: 0207 438 2045

Manchester: 0161 797 8123

London: 0207 438 2045

Cryptocurrency Investigations

Cyber Security

Cryptocurrency Investigations

Cryptocurrency Investigations

Interested in our other Cyber Security services?

At CYFOR, we conduct criminal and civil cryptocurrency fraud investigations for law enforcement, public bodies, large corporations and law firms.

Cryptocurrencies Overview

Cryptocurrencies are revolutionising the world of online transactions and contracts. Bitcoin was created in 2009 to have low cost, decentralised and pseudonymous worldwide currency and payment system. It was designed to have no points of failure, to think in over 9 years and a market value peak of £700 billion, to have had no disruptions in that time is an impressive feat. However, cryptocurrencies are a complex, and still considered novel, matter confronting law businesses and users.

It is a non-tangible electronic system, running autonomously across thousands of computers across the world. This means that cryptocurrencies are not under the control of a person or organisation, therefore cannot be compelled to provide information or be held under restraint the manner traditional assets are. Cryptocurrencies are bearer instruments by their very nature; holding the private key is one and the same as true ownership. Without the private key, there is no claim to ownership.

There are now over 1000 types of cryptocurrency, each with their own functionality and technologies. The word ‘crypto’ literally means to concealed or keep secret, depending on the technology used, it can ensure pseudo or full anonymity. Commonly, all transactions are recorded on a public ledger, referred to as a blockchain – but the parties involved are anonymous.

Cryptocurrency Forensics and eDiscovery

CYFOR’s highly qualified digital forensic professionals have unparalleled experience in the use of advanced digital forensic techniques to preserve data from a vast range of digital media. We can discover evidence of cryptocurrencies, whether electronic devices or paper records have been used to store or trade cryptocurrencies and can assist in their seizure by using industry leading techniques.

Cryptocurrency Investigations

Due to the pseudonymous nature of cryptocurrencies, transactions and entities are not easily attributable to individuals.

At CYFOR, we conduct criminal and civil cryptocurrency fraud investigations for law enforcement, public bodies, large corporations and law firms. We employ a broad range of blockchain investigation and data gathering techniques including utilising open and closed sources of information and dark web search methods. Our financial investigators are experienced in exposing economic cybercrime and international fraud schemes, by combining advanced digital forensics with traditional investigative techniques, we can deliver clear results in the most complex of cases.

The rising popularity of cryptocurrency usage inherently comes with increased risks for investors. We can conduct local and specific due diligence research to help protect your investments. Our custodianship can extend to assessing cryptocurrency asset management including managing m-of-n key policies, including being a trusted key holder or escrow.

Security Breaches and Theft

Cryptocurrency holders are often targeted by criminals; our Cyber Security Incident Response team are on hand to provide a discreet, prompt and effective response to data breaches and ransomware attacks. Our reports are produced to a professional standard, to assist commercial and criminal litigation. Our knowledge and experience as fraud investigators in the cryptocurrency field can assist in protecting high net worth individuals as well as infrastructure target hardening.

 

Cryptocurrency Custodian Services

CYFOR can offer a 24/7 trusted authority custodian service to assist in the discovery and seizure of digital assets adhering to laws applicable to the jurisdiction to address the following needs:

  • Provide a secure, insured and non-technical process for seizing all digital assets in common circulation.
  • Provide an on-chain secure method of storing digital assets and subsequent release or realisation to sterling currency upon dispute resolution or court order.
  • To negotiate regulations on behalf of clients, including: Know Your Customer (KYC), Anti-Money Laundering (AML), and Combating the Financing of Terrorism (CFT) regulations.
  • To protect attribution to involved parties and subsequent dealings with third party exchange services.

Contact our Cyber Investigations team today

London: 0207 438 2045

Manchester: 0161 797 8123

Manchester: 0161 797 8123

London: 0207 438 2045

Interested in our other Cyber Security services?

Contact our Cyber Investigations team today

London: 0207 438 2045

Manchester: 0161 797 8123

Manchester: 0161 797 8123

London: 0207 438 2045

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