Context
The client, a private investor, was defrauded in a fraudulent scheme and lost crypto funds. The client's cryptocurrency was distributed by the perpetrators into controlled wallets, laundered through third-party exchange services, and transferred via affiliated companies.
Objective
Conduct an investigation to identify the organizers of the fraud scheme, trace the movement of stolen crypto assets, uncover property and assets owned by scheme participants, compile an evidentiary basis for filing a civil claim and initiating a criminal case, and support asset freezing efforts.
Methodology
Blockchain analysis
Tracked transactions from the initial outflow to final wallets, including through mixers and swap platforms
OSINT profiling
Gathered data on the key figure and associates via open databases, corporate registries, social networks, leaks, and open sources
Corporate analysis
Examined links between companies across five jurisdictions
Legal assessment
Evaluated risks and identified appropriate jurisdictions for litigation and asset freezing
Financial forensics
Cross-referenced wallet addresses with fiat cash-outs and OTC brokers
HUMINT investigation
Worked with human sources to verify hypotheses and prove individual involvement in the fraud scheme
Findings
Identified the key suspect operating across multiple jurisdictions.
Uncovered family members involved in concealing property acquired with stolen funds.
Traced the movement of cryptocurrency, including addresses linked to centralized exchanges.
Identified real estate and other property belonging to the main suspect.
Based on the report, a civil lawsuit was filed and a criminal case initiated in one relevant jurisdiction.
Crypto exchanges where assets were stored froze the suspect's accounts upon lawyers' request.
Tritrace provided
The client received a legally applicable report mapping fund flows and ownership links. Assets and accounts flagged for seizure were identified, enabling civil claims and the freezing of exchange accounts. The client leveraged these findings to launch proceedings to recover stolen funds.
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