Crypto Fraud & Asset Recovery Lawyers
Our Crypto Fraud & Asset Recovery team assists individuals, companies, and family offices affected by cryptocurrency fraud. We provide swift legal action to trace stolen digital assets, secure freezing orders, compel disclosure from crypto exchanges, and pursue the recovery of assets across multiple jurisdictions.
Please complete the form below so we can assess your case and advise on the most effective recovery strategy. A dedicated lawyer with experience in crypto-related disputes will review your matter and contact you promptly.
Crypto Asset fraud is the newest and fastest-growing forms of financial crime, due its sophisticated nature, and the speed of execution. At Paris Mavronichis & Co LLC we specialise in crypto-related fraud and crypto asset recovery: our Firm can actually recover stolen digital assets like Bitcoin, Ether, stablecoins and Non-Fungible Tokens, through a combination use of civil law and criminal law procedures and state-of-the-art tracing tools that force offshore crypto exchanges to freeze wallets, disclose information of the wallets’ owners, and transfer the assets back to their rightful and lawful owner.
Whether you’re dealing with compromised wallets, fraudulent transactions, or uncooperative parties, we assess your recovery prospects and provide strategic legal solutions to help you reclaim your assets, we can advise on the available options in relation to the recovery of your assets and provide strategic legal solutions to do so. We collaborate with highly reputable experts and crypto forensics specialists who can track and trace with sophisticated tracing systems the movement of your stolen cryptos across the blockchain and find where they are situated.
We are highly experienced in handling cases across multiple jurisdictions where our clients’ stolen crypto assets are located and we have been successful in freezing and retrieving them.
Why victims of crypto fraud choose Paris Mavronichis & Co LLC
We are one of the most innovative crypto fraud and asset recovery law firms in Cyprus and we have been the first law firm in Cyprus to be actively involved in cryptocurrencies since October 2020. Our team alongside with our external specialists goes beyond than just advising and tracing stolen cryptos: it actually recovers them.
Why swift legal action matters
Cryptocurrency fraud is executed with extreme speed and ever-increasing sophistication. The faster a victim requests legal services, the higher the chances for the retrieval of the full amount of the stolen cryptocurrencies and the arrest of the perpetrators.
Recovering stolen Cryptocurrency: How we succeed where others stop
What distinguishes our law firm from traditional litigation firms, is our “tech-fist” approach with the use of state-of-the-art tracing tools that allow us to trace and locate the stolen digital assets and identify the wallets in which they are located. Then, depending where the assets are located (whether they are held in private cold-storage wallets or in crypto exchanges or both) we can advise whether such crypto exchange will co-operate, if the law enforcement agency of the jurisdiction of the perpetrator’s wallet is effective or friendly, and whether civil procedure or criminal procedure or both are necessary for the freezing of the crypto assets, their disclosure and retrieval.
At all times, we are constantly monitor cryptocurrency wallets for any movements, we are in communication with crypto exchanges and law enforcement agencies and collect evidence so that when the time comes to apply for urgent injunctive relief, we will be in a position to obtain it.
Our tailor-made approach is why we are successful in the retrieval of stolen digital assets; not only locally, but internationally.
Our step-by-step approach in crypto recovery
For each case we take, we commence with gathering of intelligence and not with litigation, so that we can maximise the chances of recovery of the stolen crypto assets. On the basis of the information collected, we set out the desired outcomes and create tailor-made action plan.
1. Collection of Information: Tracing, Mapping and Strategy
- Blockchain tracing of stolen cryptocurrencies and identification of the wallets in which they are situated.
- Mapping of Crypto Exchanges – Assessment as to whether they are friendly in cooperating and effective in their assistance.
- Applicable Jurisdiction will be determined on the information received from the crypto exchanges and the citizenship of the perpetrators.
- Deciding which of the following options to use: direct engagement of law enforcement agencies, civil recovery via court order or private prosecution.
2. Freezing and Disclosure of Information
- Freezing Order to protect the stolen digital assets in the traced wallets.
- Disclosure Order for the crypto exchanges to reveal all information they have regarding the ownership of the identified wallets in which the stolen cryptos are situated.
- Data-Preservatoin and Prevention of Dissipation Order so that the exchanges cannot delete the data they have for the wallets and the perpetrator.
- Proprietary injunctions.
3. Fraud Claim against Fraudsters
- Following the disclosure by the crypto exchanges and wallet holders, we take robust legal actions against the identified fraudsters / perpetrators in order to hold them accountable and recover all losses and claim all possible legal damages.
4. Enforcement and Recovery
- Recovery without the involvement of Courts, if possible, by providing the law enforcement agency criminal complaint and the tracing reports.
- Enforcement of civil court recovery orders against the exchanges.
- Transfer of custody of the stolen crypto assets to the Court or client or an escrow agent designated by the client.
- Communication with all law enforcement agencies and coordination for the cross-boarder enforcement of the recovery order.
5. Return of stolen cryptos back to client
- Transfer of stolen cryptos back to the wallet of the client.
- Continuous monitoring for any stolen crypto assets that has not yet been recovered.
Who we act for in Crypto Asset Recovery
We act for domestic and international victims whose losses are high-value, complex or offshore-routed. We operate where the scale, complexity or jurisdictional barrier requires specialist enforcement.
| Category | Typical scenario |
|---|---|
| HNW individuals | Social engineering scam, fake investment platform, foreign crypto exchange refusing to return crypto |
| Family offices & UHNW | Private wallet compromise, hacking into custodian wallets |
| Companies, Executives, Employees | Sophisticated large-scale crypto fraud, access into company systems via executive or employee devices, SIM swap |
| Small institutional investors | Unlicensed exchanges, frozen assets due to presence of stolen assets in the same wallet, blocked withdrawals |
| Elderly or non-technically adept victims | Confidence scams by crime syndicates and routing of stolen crypto assets to overseas platforms |
We assist with Crypto Recovery, Internationally
Crypto fraud usually takes place across multiple jurisdictions simultaneously. We regularly engage with law enforcement agencies and crypto exchanges across the world:
- European Union
- United Kingdom
- United Arab Emirates (Dubai and Abu Dhabi)
- Russia
- Hong Kong
- BVI
- Seychelles
- Singapore
- Pakistan
- India
- Offshore Asia hubs
In collaboration with Cyber Crime Units and Financial Crime Units of European and Asian law enforcement agencies, we have a database that allows us to determine the anticipated level of cooperation of the crypto exchanges in which the stolen crypto assets are situated. This, in combination with our contact persons on the ground and the plan we apply for our clients, gives us an edge in maximising the chances of the recovery.
Collaboration with law enforcement agencies, globally
Law enforcement agencies, globally, are limited by their available resources. Our Firm assist and enhances their work, by collaborating side by side with their Cyber Crime Units and Financial Crime Units that can assist with the recovery of our client’s crypto assets, providing them constant updates on the movement of the stolen cryptos as well as suggesting and implementing together strategies, from the complaint stage all the way to the enforcement and retrieval of crypto assets stage.
When to contact Crypto Fraud Lawyers
You should contact expert crypto-fraud lawyers immediately if:
- Your crypto assets have been stolen.
- Your crypto assets are frozen in a crypto exchange that refuses to cooperate.
- Your crypto assets are in an unlicensed crypto exchange or in a questionable jurisdiction.
- The crypto exchange refuses to provide you with information as to the KYC of the owner of the wallet in their crypto exchange.
- There is a possibility your cryptos might dissipate to a wallet you do not own or control.
- Your private keys have been stolen or lost.
Our Legal Services
Recovering stolen crypto assets is a complex and multilayered process, but our specialist lawyers have the necessary expertise and technological background to support you. In order for us to create our assessment and a detailed action plan, your time and involvement is required. We provide the following legal services:
- Collection of all necessary information – Tracing, Mapping and Strategy: we use advanced technological tools for the blockchain tracing of the stolen crypto funds and the identification of wallets in which they are situated, we map the crypto exchanges involved and their level of cooperation, and decide on the proper route forward (direct engagement of law enforcement agencies, civil recovery via court order or private prosecution).
- Freezing and Disclosure: we freeze the stolen crypto assets in the identified wallets in the exchanges and compel the exchanges and wallet providers to reveal and preserve critical information in relation to the ownership of the identified wallets in order to find the perpetrators.
- Fraud Claim against Fraudsters: we take robust legal action against the identified perpetrators in order to hold them accountable and recover losses all possible legal damages.
- Enforcement and Recovery: We can proceed and recover the stolen crypto assets on the bass of the police criminal complaint, or via enforcing civil court recover orders against exchanges and wallet providers.
- Return of Stolen Cryptos Back to Client: we transfer the stolen cryptos back to the wallet of the client while continue monitoring any stolen crypto assets that have not been recovered.
If you or your business has been affected by cryptocurrency fraud or disputes, our expert lawyers are here to help.
Contact us today for tailored legal advice and proactive support to recover and protect your digital assets.
DISCLAIMER:
PARIS MAVRONICHIS & CO LLC accept no duty of care or liability for any loss occasioned to any person acting or refraining from action as a result of any material in this publication.
The material contained herein is provided for informational purposes only and does not constitute legal advice nor is it a substitute for obtaining legal advice from an advocate. Each situation is unique, and you should not act or rely on any information contained herein without seeking the advice of an experienced advocate. PARIS MAVRONICHIS & CO LLC will be glad to assist you in this respect.
