The anonymity and ease of launching cryptocurrencies have contributed to a rise in cryptocurrency fraud cases, presenting significant challenges for victims and legal professionals alike. In the event of fraud, the ease of cross-border transfer of crypto assets and the difficulty of identifying the fraudster means that tracing and recovering lost crypto assets is an extremely time-sensitive and difficult process. Without timely and appropriate legal and technical assistance, recovering lost assets can be extremely challenging.

With the assistance of an experienced firm, the process of crypto asset tracing and recovery generally includes identifying and tracking the transfer of stolen assets using blockchain forensic tools, obtaining freezing orders against the fraudster’s accounts, and resolving disputes through litigation or alternative dispute resolution. Crypto fraud can often occur offshore so it is important to have legal assistance with experience in dealing with other jurisdictions and cross-border cases.