Incident Response & Investigation
Stolen Cryptocurrency Recovery
Do you need to recover cryptocurrency funds (Bitcoin, Ethereum, or other) lost due to theft, fraud or scam?
We have assisted in the recovery of millions of dollars’ worth of stolen cryptocurrencies. Our investigations can help to uncover who the perpetrators are, monitor crypto movements in real-time,and ultimately help with seizing and recovering stolen funds.
Due to overwhelming demand for our services, we work only on cases involving financial loss of $100,000 or more.
We require full cooperation from victims, as reckless action on their part (for example, tipping off the perpetrator directly or indirectly) can significantly hamper our work and threaten its success.
We have helped the influencer Ian Balina recover his funds from the widely medialized $2M hack that happened during his live stream.
Full life-cycle approach
Our services include investigation and blockchain forensics, writing of highly actionable police reports optimized for accelerated funds recovery, liaising with exchanges and law enforcement, expert witness testimony, and more… all the way to the end goal of the successful return of funds.
There are many different shapes a case can take. We have had criminal matters range from days to over a year, and some of those matters involved us as expert witnesses for asset recovery towards the end.
In a prominent example, we investigated and socially engineered criminals, revealed their identity and location, and provided crucial evidence that led to their arrest and prosecution. We were involved from the start of the incident all the way to sentencing and distribution of recovered assets to affected parties.
You prepared a comprehensive report of your findings and I’ve found this really useful.
I have served a UK request for a data on most of the service providers you have detailed in your report and I have been receiving responses. Binance and [REDACTED] were particularly helpful and responded quickly with some useful information.
– Police Cyber Crime Unit, Warks & West Mercia
In your own interest, do not take any action before consulting us, with the exception of collecting data that might otherwise be lost.
Taking matters into your own hands as a crime victim often means that you will unwittingly take counterproductive steps which delay a successful resolution and may even expose you to liability.
Our suite of capabilities and resources includes Chainalysis certification, Crypto Defenders Alliance membership, an extensive network of law enforcement, legal and exchange contacts, and most importantly, deep experience with dozens of cases.
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.
Compromised / Hacked Wallet
CipherBlade has conducted hundreds of investigations into hacked cryptocurrency wallets, and funds stolen as a result of such hacks with the aim of providing critical intelligence, which has sometimes led to the recovery of stolen funds.
In the vast majority of cases involving hacked wallet(s), the theft comes about as a result of a seed phrase breach, although the way in which a seed phrase is breached can vary considerably. In our experience, many such breaches come about through phishing or malware, both of which we investigate as part of the scope of our investigations.
In such investigations, we are regularly able to identify the root cause of such breaches, as this can yield critical information. We furthermore track the stolen funds and provide applicable intelligence which can be used by law enforcement, while endeavoring to prevent as much funds from being laundered as possible.
If you have been the victim of SIM-swapping, we provide urgent emergency assistance to help secure your assets, privacy, identity and any sensitive information.
Additionally, we provide, and assist you in implementing, proactive security measures and training that will prevent you and/or your company from being affected by SIM-swapping in the future.
CipherBlade is the no. 1 company globally with deep expertise on SIM-swapping.
We are seen as subject-matter experts on SIM-swapping and cryptocurrency-related cybercrime by the FBI and other law enforcement agencies.
We have worked on major SIM-swapping cases, where our involvementled to multiple arrests and recovery of the victims’ funds.
We authored and published The SIM Swapping Bible in collaboration with MyCrypto.
The strategies romance scammers employ and how such scams operate have changed over the years, suffice to say they are all confidence schemes, and the scammer almost always impersonating someone else while trying to get the victim to send money either for sudden ‘emergency’ expenses, or getting the person to invest in a fake or fraudulent investment scheme or fake exchange.
The victims of romance frauds are often less well-adept at cryptocurrency (and sometimes brand new to it) than most cryptocurrency users, and may have been induced into acquiring it by the fraudster. Victims are more often middle aged, elderly, or somewhere in between.
In the past few years, Sha Zhu Pan Scams, also known as Pig Butchering Scams, have become incredibly common and are now the predominant way in which victims lose funds in romance-related frauds.
Statistically, Romance-type frauds are one of the most common types of frauds involving cryptocurrency, and a category which ranks among the highest amount of cryptocurrency fraudulently obtained; in 2021, the FBI indicated $1 Billion USD in losses were reported by victims of Romance scams. In reality, we know the amount lost to such frauds is much higher, likely well north of $10 Billion USD once non-reported losses, mis-reported submissions, and losses in countries (other than the US) are factored in. Simply put, Romance fraud is a massive ‘industry’ that CipherBlade regularly tackles.
With many cryptocurrency startups that have that have financial holdings that are significantly (or sometimes entirely) composed of cryptocurrency assets rather than fiat currency held in bank accounts, companies understandably need to place some level of trust in its leadership team who have direct or indirect access to cryptocurrency holdings.
In some cases, it’s an executive ‘going rogue’ and stealing or accessing funds without consent or authorization from other people in the company. In other cases, executives purposely misappropriate funds, such as by using investor funds for speculative purposes.
We’ve seen this type of misappropriation of funds in multiple cases involving ICOs that raised millions of dollars of investor funds.
Embezzlement is all too common in the cryptocurrency space due to the lack of safeguards in place as well as the lack of regulation.
CipherBlade is available to help shed light when there’s good reason to believe that executives have embezzled company assets and ultimately works to ensure as many assets are recovered as possible.
Investigations of ICOs, DeFi & NFT Projects
Blockchain startups hold a notorious reputation for an array of misconduct, including securities violations, mismanagement, misappropriation, or even embezzlement. If a project has raised millions of dollars yet has failed to deliver upon its promises, we’ll find out why – and explain this to legal decision makers. The ex-CEO of that ICO can’t hide his Lamborghini, purchased with your funds, from us.
CipherBlade has cased/is actively casing over a dozen ICOs, several of which have had regulatory action and legal action, including forced refunds, taken against them. We’ve established best practice, including red flags common in mismanaged projects, that is being referenced by law enforcement and regulators when looking into suspect blockchain projects. Our reports are known to be damning, and that shady ICO is hoping you don’t retain CipherBlade.
The combination of the following factors puts us in a unique position to assist you in cases of wire fraud, investment fraud or securities fraud:
We have close connections with law firms and attorneys who specialize in ICO lawsuits and cryptocurrency and investment fraud related cases.
We have nurtured relationships with multiple regulatory bodies, especially in the USA and Canada, and law enforcement agencies globally who pursue such cases.
Our team has deep expertise in blockchain forensics, data science and cybercrime investigation, which we employ to create in-depth reports for legal professionals to support your case.
We have also served in the capacity of a credentialed expert witness and can provide testimony in a court of law.
We are Chainalysis certified and have experience with and access to a wide suite of professional forensics tools.
Send Secure Message To Us
Our typical response time is 24 hours or faster during working hours.
We treat all provided information as strictly confidential.
301 Grant Street, Suite 270
Pittsburgh, PA 15219