Cryptocurrencies are disrupting traditional finance and, over the last few years, we have seen that they became increasingly popular. Indeed, more and more individuals as well as corporations and financial institutions are using crypto. But, cryptocurrencies can also be used for ill purposes such as fraud, theft, money laundering, or asset hiding for instance. Such incidents often require performing deep crypto investigations to trace the funds.

What is a crypto investigation?

A blockchain is a public record used to store cryptocurrency transactions. This way, everyone has access to what is happening on the blockchain and there is no way to falsify the information. However, cryptocurrency transactions are pseudonymous, and identifying the person or entity behind a wallet is not always easy.

This is why cryptocurrency investigations are important. A crypto investigation is a very broad term that gathers numerous different aspects. But basically, a crypto investigation aims to ultimately discover the identity of crypto wallet owners through crypto transaction analysis. 

Today more and more entities such as law firms, accounting firms, crypto-related companies, etc, are conducting crypto investigations and forensics as more and more legal procedures are involving them. Such organizations must conduct investigations for their procedures.

Get assistance for your crypto investigations

Often, companies are still lacking some skills and tools when it comes to investigating a crypto case. Today, crypto transaction monitoring solutions and forensics services are more common and can satisfy entities’ crypto investigations and forensics needs. We recently launched Scorechain Investigation, a service that aims to help companies, law firms, accounting firms, or even law enforcement agencies and individuals that need assistance on a crypto incident case.

For example, our crypto specialist team can assist you on different kinds of cases such as:

• Hacks, cyber-attacks, stolen funds 
• Crypto ransomware, eCrime 
• Darkweb transaction, sim swapping, fraud
• Money laundering, terrorism financing
• Divorce, business settlements, bankruptcy

Additionally, we can provide hands-on reports with detailed information on:

• The origin and destination of funds;
• Source of wealth and funds
• KYA and KYT audit reports

Do you have a crypto activity that needs to be investigated? Don’t hesitate to contact us and one of our specialists will be in touch with you shortly.

About Scorechain

Scorechain is a Risk-AML software provider for cryptocurrencies and digital assets. As a leader in crypto compliance, the Luxembourgish company has helped more than 200 customers in 40 countries since 2015, ranging from cryptocurrency businesses to financial institutions with crypto trading, custody branch, digital assets, customers onboarding, audit and law firms, and some LEAs.

Scorechain solution supports Bitcoin analytics with Lightning Network detection, Ethereum analytics with all ERC20 tokens and stablecoins, Litecoin, Bitcoin Cash, Dash, XRP Ledger, Tezos, and Tron with TRC10 and TRC20 tokens. The software can de-anonymize the Blockchain data and connect with sanction lists to provide risk scoring on digital assets, transactions, addresses, and entities. The risk assessment methodology applied by Scorechain has been verified and can be fully customizable to fit all jurisdictions. 300+ risk-AML scenarios are provided to its customers with a wide range of risk indicators so businesses under the scope of the crypto regulation can report suspicious activity to authorities with enhanced due diligence.