Crypto Investigation Report
This report provides an overview of the cryptocurrency scams targeting Australians and the methods used by cybercriminals to defraud their victims. It also outlines the challenges and opportunities for tracing and recovering lost or stolen cryptocurrency assets.
Cryptocurrency scams are common in Australia, with a 172 per cent increase in losses between January and November 2021, totalling $109 million. The scams are run by global syndicates, and the money trail is murkier than ever. The scammers use various techniques to lure their victims, such as unsolicited phone calls, fake websites, cloned investment platforms, impersonation tokens, fake news and reviews, and social media influencers.
Victims of cryptocurrency scams are often left with little or no recourse, as the banks and regulators have limited powers and resources to intervene. The Australian Federal Police say cryptocurrency scams have ‘exploded’ during the coronavirus pandemic, and they are working with international partners to disrupt the criminal networks. However, they also warn that tracing and recovering cryptocurrency is complex and time-consuming, and there is no guarantee of success.
That’s why some victims turn to private investigators who specialise in cryptocurrency tracing and asset recovery. These investigators use advanced tracing techniques and cutting-edge technology to follow the trail of the lost assets and locate them. They can also provide court-admissible expert reports detailing hidden crypto assets, which can help in property settlements or legal disputes.
One of the leading providers of cryptocurrency tracing services in Australia is Fundrecovery Australia, which has over two decades of experience in investigations and intelligence collection. Fundrecovery Australia can trace bitcoin, ether, USDT (both ERC-20 and TRC-20), Litecoin, and other major cryptocurrencies across multiple blockchains and currencies. They have worked on cases not only from Australia, but also from North America, Europe, and Asia, helping victims recover their lost assets.
If you need help tracing and recovering your lost or stolen cryptocurrency, contact Fundrecovery Australia today. They are the first certified Australian provider of cryptocurrency tracing services to the public. They offer a range of services to suit your needs.
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