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Bitcoin and Cryptocurrency Tracing and Recovery

With that in mind, it is clear that any entity purporting to offer reliable cryptocurrency tracing and recovery services needs to possess a solid legal team as well as liaising abilities in addition to the raw technical capabilities required to trace digital assets.

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Bitcoin and Cryptocurrency Tracing and Recovery

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  1. Bitcoin and Cryptocurrency Tracing and Recovery

  2. CNC Intelligence or Cncintel Review CNC Intelligence or Cncintel review was founded by Cyber Intelligence, Crypto Investigations, Asset Recovery and Offshore Legal Experts. With over 40 years of experience in these fields individually they came together to form a boutique Cyber and Crypto Intelligence Group focused on providing results. As cryptocurrencies slowly but surely move past the status of online collectibles/interesting financial experiments, scammers, thieves, and hackers redouble their efforts to siphon digital currency out of the pockets of rightful owners.

  3. In 2018, studies estimated that within the crypto sector, legitimate actors lost some $9 million worth of digital assets to theft every day. That problem has likely grown more acute since. The proliferation of crypto-related crime has boosted the demand for solutions to trace stolen digital assets, identify the thieves, and recover the funds. “Regular” hackers, thieves, and cyber-crime perpetrators only represent the tip of the iceberg when it comes to crypto-related fraud. Experience has shown that improper transfers from bankrupt debtors through judgment- and arbitration award creditors are also channels of crypto fraud.

  4. The cryptocurrency industry can only step onto the path of sustained growth through mass adoption if reliable mechanisms exist to support private dispute resolution and crypto-asset tracing and recovery. The distributed ledger technology most digital assets use, coupled with the ambiguous legal status of this emergent asset class, hinders the implementation of reliable mechanisms.  For effective Bitcoin tracing and recovery, the asset should legally qualify as property. While some nations have moved ahead and granted legal definitions to cryptocurrencies, others have not yet bothered.

  5. The resulting global patchwork quilt of laws governing the ownership of digital assets has, therefore, turned digital asset recovery into an exercise in legal acrobatics and liaising with various law enforcement agencies. With that in mind, it is clear that any entity purporting to offer reliable cryptocurrency tracing and recovery services needs to possess a solid legal team as well as liaising abilities in addition to the raw technical capabilities required to trace digital assets. How Does Crypto Asset Tracing and Recovery Work?

  6. Let us take a look at the procedural steps of crypto-asset tracing and recovery. • Investigating the movement of the crypto assets. • Acquiring information on the perpetrators. • Initiating recovery efforts/legal action. Investigating the Movement of Crypto Assets Throughout this phase of the recovery operation, one should bear in mind that courts will require legally acceptable proof regarding the illicit transfer of the lost assets.

  7. Contact Us • US: (202) 773-4704 • Denmark: +45 78 75 54 21     • Australia: 02 7202 5791  • Israel: +972 3 375 1456  • International: +1 202 773-4704 • Email: inquiries@cncintel.com 2000 Pennsylvania Avenue, Washington, DC Monday-Friday: 8am – 5pm

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