We have an unmatched history of recuperating crypto resources by and large worth huge number of pounds for associations, including institutional financial backers, neobanks and in-play wagering organizations that have succumbed to extortion.
1 Initial investigations
Once you’ve instructed us, we’ll kick off right away. Using proprietary methodologies and investigative technologies, we’ll start by trying to locate the stolen assets, establish whether fraud has taken place, and ascertain whether the funds are recoverable. We’ll then carry out an initial legal review into the prospects of success in recovering the assets.
If you’re not insured, we’re often able to offer a fixed fee for this initial work, with no obligation for you to continue to engage us.
If we’re both still happy to continue pursuing the case, we’ll enter into a damages-based agreement (DBA) with you, usually on a 30% recovery basis (this is far lower than market standard). We would then usually seek to obtain disclosure orders and freezing injunctions against the exchanges that facilitated the relevant transaction(s), which helps us to more precisely locate – and subsequently protect – the stolen crypto assets.
3 Legal proceedings
Next, we’ll commence legal proceedings against the fraudsters, which is possible even if they cannot be specifically identified. If the fraudsters fail to respond, judgment will usually be given in your favour (this is often a straightforward procedural step).
Once the funds have been located, we’ve proven fraud, frozen the assets and obtained judgment, we can then enforce the judgment to recover the frozen assets (usually from a digital wallet, in these circumstances).
This process, if not defended, usually takes six to nine months from start to finish.