CYFOR conduct criminal and civil cryptocurrency fraud investigations for law enforcement, public bodies, large corporations and law firms.
Due to the volume of enquiries and complexity of cryptocurrency investigations, we only accept enquiries from private individuals by formal instruction through a law firm.
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, and with a market value peak of £700 billion, to have had no disruptions in over 9 years 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 in the manner of more traditional assets. 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 cryptocurrencies, each with their own functionality and technologies. The word ‘crypto’ literally means to conceal or keep secret and, depending on the technology used, it can ensure pseudo or full anonymity. Commonly, transactions across many cryptocurrencies are recorded on a public ledger, referred to as a blockchain – but the parties involved are anonymous.
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.
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.
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 and cyber security policies. 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.
London: 0207 438 2045
Manchester: 0161 797 8123