When Bitcoin first emerged, law enforcement officers were taken aback by this new technology. They believed that it is a roadblock to their job and an aid for scammers and hackers. However, as criminal arrests and convictions started to occur, the general consensus shifted towards seeing cryptocurrency as a tool for prosecuting crimes. Even in the unfamiliar waters of Bitcoin, investigators can now trace transactions. Many scammers have made the mistake of thinking cryptos are untraceable, when in actuality the top used ones like Bitcoin, Ethereum or USDT are all based in the blockchain which allows everyone to see the transactions. Although visible, it is highly difficult to identify these transfers as it is a highly complex process done with specialized software.
At T&H Consulting we are partnered with Chainalysis and Qlue, platforms that provide data, software, services, research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 60 countries. Their data platform powers investigation, compliance, and risk management tools that have been used to solve some of the world’s most high-profile cybercriminal cases. They also grow consumer access to cryptocurrency more safely. This software connects cryptocurrency transactions to real-world entities, enabling it to combat criminal activity on the blockchain. We use their software to do the tracking of cryptocurrencies, as it is currently one of the most advanced programs to do such.
In the Cryptocurrency Intelligence report, we precisely track your transactions and the path of your cryptos, that the scammers received in their wallet addresses. Acting as soon as possible is essential as it gives less time for the scammers to transfer it to several other wallets which makes it more difficult to find. Our job consists of tracking the money until we find the final or relevant wallets, usually, it is a very intricate process and takes some time to be concluded.
Why is it important to get a Cryptocurrency Intelligent Report?
When you have been the victim of a scam in which you transferred your coins to the wallet addresses of the scammers, it might take several months for your local police to do the tracking if they follow through at all. This is because the software necessary to tack cryptos is very expensive, not all police departments have them available and have the required level of expertise.
Nonetheless, after the Cryptocurrency Intelligent Report has been presented to the local competent authorities, they can easily verify the accuracy of the information and contact the crypto exchanges where your money is sitting. In closing, having this report shortens the wait and increased the possibility to retrieve your funds.
At T&H our fundamental purpose is to provide you with the highest quality attention and services. You can always contact our agents, who will be more than happy to assist you in your needs and reassure you should you have any doubts.