Insights

Blog and insights

Research and guidance on blockchain investigation, cryptocurrency fraud, and asset tracing, written for clients and counsel, not search engines.

Illustration of a recovery path leading away from a compromised wallet
Recovery Guidance · March 2026 · 5 min read

The First 24 Hours After Discovering a Crypto Theft

A practical checklist for the hours right after you notice something is wrong, before evidence starts to disappear.

Illustration of a network graph highlighting a traced path of transactions
Blockchain Intelligence · February 2026 · 6 min read

Inside a Blockchain Trace: How Investigators Follow Stolen Funds

A closer look at the actual mechanics behind following stolen funds from the original theft to where they settle.

Illustration representing a social engineering scam approach
Fraud and Scams · January 2026 · 6 min read

Three Scam Structures Behind Most Crypto Investment Losses

Nearly every investment scam we review fits one of three underlying structures, despite constant rebranding on the surface.

Illustration of a fraudulent recovery service interface
Cryptocurrency Security · December 2025 · 4 min read

The Upfront Fee Recovery Scam, and How It Actually Works

A second scam often follows the first. Here is exactly how it is run, and how to recognize it before sending anything more.

Illustration of funds held at an exchange pending a legal request
Investigations · November 2025 · 7 min read

What Changes When a Crypto Trail Crosses Borders

The tracing itself is often familiar. What changes is the legal coordination required once a trail reaches a foreign jurisdiction.

Illustration of a digital mask representing an impersonation based crypto scam
Industry Insights · October 2025 · 6 min read

Crypto Fraud in 2026: What We're Actually Seeing Change

A grounded look at how fraud and investigation are shifting this year, based on patterns from our own caseload rather than industry hype.

Illustration of a locked file representing a ransomware incident
Investigations · September 2025 · 6 min read

Tracing a Ransomware Payment After It's Already Been Sent

The payment itself is rarely recoverable. What can still be learned from the on chain record afterward, and why it matters.

Illustration of a wallet with an exposed spending approval
Cryptocurrency Security · August 2025 · 5 min read

The Five-Minute Habit That Closes Off a Common DeFi Attack Path

Forgotten token approvals are one of the most common ways decentralized finance wallets end up drained. Here is what to do about it.

Illustration of a hook representing a fraudulent contract trap
Fraud and Scams · July 2025 · 6 min read

Spotting a Fraudulent DeFi Contract Before You Deposit

A handful of patterns reappear in the contracts behind decentralized finance losses. A practical checklist for before you deposit.

Illustration of a network graph representing assets moving between blockchains
Blockchain Intelligence · June 2025 · 5 min read

How Bridges Move Assets Between Blockchains, and Why It Matters for Tracing

A plain explanation of what a bridge actually does, and why bridge transactions require reading two separate ledgers to understand fully.

Illustration of a checklist for preserving business wallet evidence
Recovery Guidance · May 2025 · 5 min read

Evidence to Preserve in the First Hours After a Business Wallet Is Compromised

A company treasury incident raises questions an individual theft usually does not. A short checklist for the first hours.

Illustration of an exchange compliance team responding to a legal request
Industry Insights · April 2025 · 5 min read

Why More Exchanges Are Responding to Legal Requests Than They Used To

A quiet but meaningful shift in how regulated exchanges handle legal requests, and why the request itself still matters as much as the trace.

Illustration of a synthetic video mask standing in for a real executive during an AI deepfake livestream scam
Fraud and Scams · May 2026 · 5 min read

AI-Driven Crypto Scams: How Deepfakes and Bot Networks Are Redefining DeFi Theft

Crypto fraud increasingly succeeds by manufacturing the appearance of consensus, using synthetic video and coordinated bot activity to make a scam look popular before anyone checks the fundamentals.

Illustration of funds held at an exchange pending a compliance or withdrawal review
Recovery Guidance · May 2026 · 5 min read

Binance Withdrawal Issues in 2026: What to Do When Your Account Is Unexpectedly Frozen

Exchange freezes are usually a compliance process, not a confiscation. Here is what actually triggers one, and the steps that shorten it instead of dragging it out.

Illustration of a documentation checklist supporting an exchange compliance review
Recovery Guidance · May 2026 · 5 min read

Coinbase Account 'Under Review'? Steps to Recover Locked Crypto Safely

An account marked 'Under Review' is a compliance process with a real end point, not a permanent lock, provided you avoid the fake recovery offers it tends to attract.

Illustration of a lookalike wallet address hooked into a legitimate transaction history
Cryptocurrency Security · May 2026 · 5 min read

The Contaminated Transfer History Attack: How Lookalike Addresses Drain Wallets

This attack doesn't compromise a wallet or trick a user into clicking anything, it quietly plants a familiar-looking address in your transaction history and waits for you to reuse it.

Illustration of a fraudulent support agent persona built to extract a seed phrase from a distressed user
Fraud and Scams · May 2026 · 6 min read

Crypto Customer Support Scams: Why That 'Binance Agent' on Social Media Is After Your Seed Phrase

The fastest-growing threat in crypto right now isn't a smart contract exploit, it's a fake support agent who found your public complaint before a real one did.

Illustration of a compromised trust chain surrounding an otherwise secure hardware wallet
Cryptocurrency Security · May 2026 · 6 min read

Digital Parasites: The State-Sponsored Malware Targeting Hardware Wallets

Hardware wallets remain cryptographically sound, but a class of advanced, persistent malware has found a way around that entirely, by compromising what the user sees, not what the device signs.

Illustration of a fabricated news narrative propping up a fraudulent crypto project
Fraud and Scams · May 2026 · 6 min read

Fake Crypto Press Releases: How Media Narratives Mask Fraudulent Projects

A polished write-up on a crypto news site is not proof of anything by itself, increasingly, it's a paid placement bought specifically to manufacture the appearance of legitimacy before a project collapses.

Illustration of a GPU-accelerated password recovery path reconstructing a forgotten wallet passphrase
Recovery Guidance · May 2026 · 5 min read

How We Brute-Force Old Blockchain.info Wallets to Recover Lost Passwords

Forgotten wallet passwords are recoverable more often than people assume, not through a shortcut, but through GPU-accelerated, well-targeted brute force built around what a person is likely to have typed.

Illustration of an NFT being rescued from a compromised wallet before an automated sweeper bot can claim it
Recovery Guidance · May 2026 · 6 min read

How We Recover Stolen NFTs From Compromised Wallets

Assets left behind in a drained wallet aren't always unreachable, if they're locked, staked, or simply missed, a carefully built private transaction can sometimes move them out before an attacker's sweeper bot notices.

Illustration of a due-diligence checklist applied against a fraudulent crypto platform interface
Cryptocurrency Security · May 2026 · 6 min read

How to Tell If a Cryptocurrency or DeFi Platform Is a Scam

Across thousands of scam reports we've reviewed, the projects that turn out to be fraudulent tend to fail the same handful of checks, and most of them take less than ten minutes to run.

Illustration of a traced network of transactions viewed through a blockchain explorer after a phishing theft
Blockchain Intelligence · May 2026 · 6 min read

How to Read Etherscan Like a Pro: Tracking Stolen Funds After a Phishing Attack

Most victims assume a phishing loss is unrecoverable the moment funds disappear. The public transaction record says otherwise, you just have to know what to look for.

Illustration of an Ethereum wallet with funds draining out through a phishing link
Recovery Guidance · May 2026 · 5 min read

How to Recover Funds Lost in ETH Transfer Scams: A Step-by-Step Guide

Once ETH leaves a wallet, there is no bank to call and reverse it. Here is what to do in the hours after, and how to avoid becoming a target twice.

Illustration of a synthetic AI-generated face defeating a facial verification scan
Fraud and Scams · May 2026 · 9 min read

Identity Theft 2.0: How AI Bots Are Exploiting KYC Flaws on Major Exchanges

Attackers are no longer just hacking wallets. They are weaponizing AI to impersonate real people and walk straight through the identity checks exchanges rely on.

Illustration of a collapsing exchange vault with funds locked away from users
Investigations · May 2026 · 7 min read

Inside the Zondacrypto Scandal: How 4,500 BTC Vanished from a Supposedly Compliant Exchange

A withdrawal glitch at Poland’s largest exchange unraveled into missing founders, a locked cold wallet worth hundreds of millions, and a political scandal.

Illustration of a fake DApp interface hooking a wallet approval signature
Cryptocurrency Security · May 2026 · 8 min read

Malicious "IncreaseAllowance" Signatures: How Fake DApp Prompts Empty Web3 Wallets

Attackers no longer need a seed phrase to drain a wallet. A single misunderstood approval signature can hand them the same result.

Illustration of a long, obstructed path representing a years-long search for lost crypto
Recovery Guidance · May 2026 · 5 min read

The Man Who Spent 17 Years Trying to Recover Lost Crypto

A landfill in Wales may hold over a billion dollars in Bitcoin, and the man who put it there still cannot get permission to look for it.

Illustration of a wallet with a lingering smart contract approval being revoked
Cryptocurrency Security · May 2026 · 9 min read

Revoking Smart Contract Permissions: The Critical First Step After a Suspected Wallet Compromise

Disconnecting a wallet from a suspicious site feels like it solves the problem. It does not. The approval itself usually survives, quietly, until someone revokes it.

Illustration comparing a single seed phrase path against a split multi-share backup path
Cryptocurrency Security · May 2026 · 5 min read

Should You Choose a Single-Share Shamir or BIP-39 Seed Backup for Your Trezor?

Trezor now defaults new Safe devices to a 20-word Shamir backup instead of the familiar 12 or 24-word BIP-39 seed. Here is whether that default is actually the better choice.

Illustration comparing two wallet apps each targeted by a different style of phishing attack
Cryptocurrency Security · May 2026 · 5 min read

Trust Wallet vs Coinbase Wallet: Which Is More Vulnerable to Phishing?

Two of the most widely used non-custodial wallets face phishing threats shaped by very different designs, and neither one can fully protect a user who signs blindly.

Illustration of an XRP wallet with a malicious trustline draining its reserve balance
Cryptocurrency Security · May 2026 · 8 min read

Xaman (Xumm) Wallet Security: Preventing Malicious Trustlines from Draining Your XRP

XRP holders often assume their ledger is immune to the approval-style exploits common on Ethereum. Scammers have simply adapted the same playbook to trustlines instead.

Illustration of a private key being safely secured across hardware and paper backups
Cryptocurrency Security · May 2026 · 5 min read

Bitcoin Self-Custody in 2026: How to Safely Control Your Crypto

Storing your own Bitcoin used to demand real technical skill. It is easier now, which raises a different question: how do you avoid trading theft risk for loss risk?

Illustration of a hardware wallet device beside a mistakenly discarded seed phrase backup
Recovery Guidance · May 2026 · 6 min read

How Hardware Wallet Users Lose Their Bitcoin

After thousands of recovery cases, the same handful of mistakes keep showing up, and they rarely involve the dramatic hack most people picture.

Illustration of a cryptocurrency withdrawal held pending exchange compliance review
Recovery Guidance · August 2026 · 7 min read

Kraken Verification Holds: What Triggers Them and How to Respond

Most withdrawal holds are not a sign that anything is wrong with the account. They are the visible edge of a compliance process, and understanding what triggers it changes how to respond.

Illustration of an account moving through a review process back toward restored access
Industry Insights · July 2026 · 6 min read

Why Exchanges Freeze Accounts for 'Unusual Activity', and What Happens Next

The systems behind an "unusual activity" freeze are mechanical, not personal, and the review process rewards clean documentation far more than it rewards urgency.

Illustration of a hardware wallet receiving a spoofed firmware update prompt
Cryptocurrency Security · June 2026 · 7 min read

Fake Firmware Update Prompts: A Growing Hardware Wallet Scam Vector

A fake firmware update prompt is one of the few phishing approaches that specifically targets people who already own a hardware wallet and think they are past the point of easy compromise.

Illustration of a software wallet interface flagged with a security warning
Cryptocurrency Security · May 2026 · 7 min read

Software Wallet Vulnerabilities: What Actually Puts Hot Wallets at Risk

Not every software wallet compromise happens the same way, and treating "hot wallets are risky" as one undifferentiated warning makes it harder to see which specific habit actually needs to change.

Illustration of multiple wallet addresses grouped into a single ownership cluster
Blockchain Intelligence · April 2026 · 8 min read

How Investigators Cluster Wallet Addresses to Identify a Single Owner

No single blockchain address tells an investigator who controls it. Clustering is the discipline of combining several imperfect signals until a pattern of common ownership becomes hard to explain any other way.

Illustration of a formal chain of custody report documenting a blockchain investigation
Investigations · March 2026 · 7 min read

What Goes Into a Blockchain Chain of Custody Report

A trace that lives only in an investigator’s head, or in a folder of unlabeled screenshots, is far less useful than the same trace written up properly, regardless of how accurate the underlying analysis actually was.

Illustration comparing legitimate investigation billing structures against a promised guaranteed payout
Recovery Guidance · January 2026 · 7 min read

How Legitimate Crypto Investigators Actually Charge for Their Work

How a firm proposes to charge for its work says almost as much about its legitimacy as the work itself, and it is one of the easiest things to check before any money changes hands.

Illustration of a case file with transaction records attached for a police report
Recovery Guidance · September 2025 · 7 min read

What a Police Report Needs to Include for a Crypto Theft Case

A crime reference number alone rarely moves a case forward. Here is the specific detail that turns a crypto theft report from a formality into something an officer, or a later civil claim, can actually use.

Illustration of an insurance claim file alongside a wallet and transaction ledger
Industry Insights · October 2025 · 7 min read

What Insurers Require to Process a Crypto Theft Claim

Crypto theft coverage exists, but it is nothing like a standard homeowner or auto policy. What insurers actually ask for before a claim is paid, and where investigative documentation fits in.

Illustration of a wallet interface prompting a small gas payment to unlock a large claimed reward
Fraud and Scams · November 2025 · 6 min read

The 'Pay Gas to Claim' Airdrop Scam, and Why It Works

The trick is not the fake reward itself, it is the small, real-seeming gas payment that makes walking away feel like the loss. A walk through of how the mechanism works and where it breaks a specific case.

Illustration of a physical crypto ATM kiosk being used to convert cash into a scam wallet transfer
Fraud and Scams · December 2025 · 7 min read

How Crypto ATMs Are Used to Cash Out Scam Proceeds

A crypto ATM turns physical cash into an irreversible on-chain transfer in minutes, with none of the friction a bank imposes. Why that makes kiosks a preferred cash-out channel, and what a coached victim looks like at the machine.

Illustration of a due diligence checklist for verifying a blockchain investigation firm
Cryptocurrency Security · September 2025 · 7 min read

How to Verify a Blockchain Investigation Firm Before You Engage One

Beyond spotting the obvious upfront-fee scam, a short, practical checklist for verifying that a firm claiming to trace or recover crypto is actually who and what it says it is.

Illustration of a stablecoin token contract with a specific wallet address blacklisted
Blockchain Intelligence · October 2025 · 7 min read

How Tether and Circle Freeze Addresses, and What It Means for a Recovery Case

Stablecoin issuers can blacklist a specific address at the smart contract level itself, a capability no exchange has over its users. What that mechanism actually does, and when it becomes relevant to a stolen-funds case.

Illustration of an NFT trading chart inflated by circular wash trading activity
Blockchain Intelligence · December 2025 · 7 min read

How NFT Wash Trading Complicates Valuing a Stolen Collection

When most of the recorded trading volume behind an NFT's price is the same wallet selling to itself, "the last sale price" stops being a reliable number to build a legal or insurance claim on.

Illustration of a foreign exchange compliance desk reviewing a legal request under a new licensing regime
Industry Insights · February 2025 · 7 min read

How Shifting Crypto Regulation Is Changing Cross Border Recovery Cases

Two years ago, a well documented request sent to a foreign exchange could sit unanswered for months regardless of quality. Licensing regimes are starting to change that, unevenly.

Illustration of a digital mask representing a real time deepfake impersonation on a video call
Fraud and Scams · April 2025 · 7 min read

Deepfake Video Calls Are the New Front in Business Wallet Compromise

A live video call with a familiar face and voice is no longer sufficient authorization on its own. What real time deepfake fraud looks like, and the verification habits that stop it.

Illustration of a damaged paper seed phrase backup representing a physical cold storage failure
Cryptocurrency Security · January 2025 · 6 min read

Cold Storage Mistakes That Have Nothing to Do With Hacking

A meaningful share of the permanently inaccessible cold storage funds we review were never touched by an attacker. The seed phrase itself simply did not survive.

Illustration of a wallet with no accessible path forward, representing crypto held without an inheritance plan
Recovery Guidance · June 2025 · 7 min read

What Happens to a Crypto Wallet When Its Owner Dies Without a Plan

A bank account has a known institution to contact after a death. A crypto wallet usually does not, which is what turns an ordinary estate matter into a permanent loss.

Illustration of a case file representing an internal investigation into a disputed multisig treasury wallet
Investigations · March 2025 · 7 min read

When a Multisig Co-Signer Goes Rogue or Disappears

A multisig wallet is designed to prevent any single person from moving funds alone. That same design can lock an entire treasury when one required signer stops cooperating.

Illustration of a traced transaction path leading to a legal freezing order restraining an identified account
Investigations · July 2025 · 7 min read

How Civil Freezing Orders Are Used to Recover Stolen Crypto

A blockchain trace can identify where stolen funds sit, but only a legal mechanism can actually restrain them. A general look at how civil freezing orders fit alongside tracing.

Illustration contrasting a single personal hardware wallet with a distributed institutional key-custody structure
Blockchain Intelligence · August 2025 · 7 min read

How Institutional Custody Actually Differs From a Personal Hardware Wallet

A personal hardware wallet and an institutional custody platform both keep a private key away from an internet-connected computer. Structurally, that is almost where the similarity ends.