The need for finding the best crypto recovery services have risen in recent times. Unfortunately, crypto scams are on the rise and the amount of money an average victim loses is rising exponentially. To navigate the world of crypto or digital asset recovery is also not an easy task. There are a lot of deceptive firms that charge a fortune to do the basics and the expectations aren’t made clear from the beginning.
In this article, we will dive deep into the things you need to be aware of in order to choose the best crypto recovery services according to your needs. As always, if the situation warrants, have a chat with your attorney, as there is no one-size-fits-all approach in this realm.
Later in this article, we will go over why the law enforcement involvement is also crucial for a successful recovery and more importantly highlight the collaboration between CNC Intelligence and OCONUS Investigations which is setting the gold standard in the industry while ensuring transparency.
Social media handles will also be provided below in case you want to follow the latest uncovering from both the firms.
What is a Crypto Recovery Service?
Crypto recovery services, as the name suggests, are specialized firms that focus on tracing and recovering lost or stolen cryptocurrencies. Generally, they use a combination of blockchain analytics, forensic investigations and other legal resources to track down the trail of funds that were lost due to a scam or a hack.
Nowadays, there are a handful of firms that may promise recoveries. However, note that the success of a recovery depends on many factors and no one can guarantee anything unless they have all the variables.
Reputable crypto agencies begin by gathering a few details like transactions hashes and wallet addresses. Using blockchain forensics, experts can trace the flow of funds in the blockchain (a public ledger that tracks everything in real time).
Note that just because the transaction is traceable, that does not mean guaranteed recovery. To get the stolen assets back, the wallet has to be tied to an individual and the KYC details have to be verified. Also, the law enforcement has to be involved and only the government authorities have the right to confiscate or freeze the funds.
You might come across a few self proclaimed experts that promise quick results on social media platforms or other channels. Though the offer might appear enticing, make sure that the other party knows what they are talking about. If the advertiser is not able to answer the technical questions, then it is a huge red flag. Lastly, do a thorough check on user reviews and testimonials as they reveal the complete picture most of the time.
Why Working with Law Enforcement May Be Necessary
When dealing with any kind of deception or fraud, the authorities have to be alerted. Hiring a lawyer for the crypto recovery process is beneficial. However, the law enforcement authorities have to be kept in the loop, and that increases the odds.
Police or cyber crime departments do not charge people to assist in the recovery process and they might have leverage in certain investigations involving multiple nations. So, do not hesitate to file a formal complaint and to boost your chances of recovery, take swift action.
The amount of money stolen or lost also can be a significant factor that affects how quickly the law enforcement might take action. Federal agencies usually take on big cases wherein the lost amount ranges between low six figures to millions of dollars. If the victim has lost less than six figures, then chances are they might have to wait a long time before any progress is made in their respective case.
Private recovery services offered by CNC Intelligence and OCONUS Investigations help people in expediting the recovery process. By combining decades of experience, the right tools and legal expertise, these firms can cut the timeline by a huge margin. Moreover, as the offices are situated in multiple jurisdictions, it has the power to enhance collaboration between different entities.
Key Considerations When Choosing the Best Crypto Recovery Service
Choosing the right crypto recovery service is crucial. There might be a few additional considerations depending upon where you are located. However, in the following paragraphs, we have highlighted the key things to look for.
- Experience & Reputation – A reputable crypto recovery company will always have plenty of verifiable case studies and client testimonials. Before moving forward with any company, always check the independent reviews, industry forums, and other records to gauge their reputation. The more data you find, the better clarity it provides. After all, credibility is the number one factor in any industry, right?
- Legal Compliance – Crypto recovery is an intense field that can span across multiple countries. Always ensure that the firm you are working with complies with all the relevant laws. Ideally, the underlying firm should be transparent about their methods and open to third party audits if required.
- Recovery Process and Technology – The process of tracing cryptocurrencies is very technical and requires advanced tools. Look for services that use the best available blockchain forensic tools. Keep in mind that advanced tools don’t necessarily mean quick resolution because of the numerous factors involved. Reputable firms usually keep their clients updated about relevant crypto wallet movements and maintain an open line of communication to provide regular updates. Lastly, leading companies also provide a clear outline of their methodology, and they typically showcase all of the relevant licenses and certifications.
- Transparency and Communication – Transparency with regards to pricing and process is a strict non-negotiable. Crypto recovery firms should always provide a clear breakdown of the costs involved and keep the clients updated at all times. If there are any costs that are going to arise down the road, they should be communicated to the clients, and the expectations have to be made clear. Moving on to the communication aspect, timely updates should be the way to go. Efforts should be made to explain the process in simple, non-technical terms so that everyone is on the same page.
- Cost Structure – Different recovery agencies adopt different pricing models. A few firms may only work on contingencies, on the other hand, there might be firms that require a substantial upfront fee. In theory, firms that charge on a contingency may sound better. However, there are pros and cons for every alternative. So, think about your needs, the time frame criteria of your case and then make a decision. Choose a firm that has clear pricing models and then enter into an agreement.
CNC Intelligence & OCONUS Investigations: How They Work Together
In the crypto recovery realm, the combined expertise of specialized firms makes a huge impact. OCONUS Investigation is an affiliate of CNC Intelligence, and both have unique capabilities that complement one another to enhance the speed of tracing the funds, thereby upping the chances of a successful recovery.
CNC Intelligence: Blockchain Analytics and Forensics
CNC Intelligence is one of the best crypto investigations services globally. Their team uses cutting edge tools to track and analyse cryptocurrency transactions across multiple blockchains. Thanks to their decades of experience, CNC Intelligence can uncover complex transactions and reveal the true identity of the scammers.
Connecting the dots in reverse is a key element for any investigation and this firm has so many successful recoveries that proves that they are an expert when it comes to getting back the stolen digital assets.
OCONUS Investigations: International Investigative Expertise
While the latest forensic tools are essential for successful recovery, the human element cannot be overlooked for any reason. OCONUS Investigations brings a wealth of international investigative experience to the table. Their team has handled cross-border cases which are common given the nature of the crypto scams.
OCONUS Investigations specializes in collecting evidence, liaising with the local law enforcement agencies and navigating the complex regulatory landscapes.
The firm’s services are designed to offer a personalized experience. It goes without mentioning that victims of crypto scams often face emotional and financial stress. OCONUS Investigations always lend a sympathetic ear, display empathy, and follow through with swift action. All in all, from the first step to the last move of the recovery plan, everything is handled with professionalism.
Red Flags: Spotting Fake Crypto Recovery Services
As the demand for crypto recovery is going up, there are a lot of deceptive firms that are causing more agony to the victims of cyber fraud and hacks. Let’s go over the few red flags scam platforms usually display.
- Guaranteed Recovery – If any firm promises you instant recovery after paying their fees, then you need to be extremely cautious. Remember, investigation is a complex process and it takes a lot of time. Moreover, no one can guarantee success.
- Untraceable Fees – Be wary of firms that charge large upfront fees. For any reason, if the pricing model is not transparent, then it might not be worth your time to proceed with them.
- Lack of Verifiable Contact Information – Reputable firms always have great customer service, and they try to have multiple ways of interacting with the clients (chats, email, and phone support). If the firm you want to work with does not have verifiable contact information, that is a clear indication that you need to steer clear.
- Pressure Tactics – Fraudulent services always prefer using high pressure sales tactics to push the clients into handing over the money. Regardless of what they say, always do your own due-diligence and check the user testimonials before taking a call.
With time, the fake recovery services might come up with more tricks. So, stay updated by following our blog, and never let anything prevent you from taking the time to do your own research.
How to Get Started with Crypto Recovery Service
The first step towards tracing your cryptocurrencies is easier than you might think. Here’s a simple breakdown of the 3 step process.
- Contact – Reach out to a reputable crypto recovery service and provide them with as much information as possible about the case and anything relevant regardless of how insignificant the detail might be.
- Consultation – Engage in a thorough consultation with an expert from the firm to evaluate your situation and outline a feasible recovery plan.
- Recovery Plan – Once you decide to move forward, the firm will take action according to the plan and use their investigative expertise and blockchain forensic tools to identify the culprit.
Do not let crooks get away with your hard earned assets. Reach out today to CNC Intelligence, one of the best crypto recovery services and take the first step towards reclaiming what belongs to you.