The rise of Cryptocurrency fraud

The recent popularity of Cryptocurrency and Bitcoin trading platforms has led to a huge rise in online fraud within this sub-sector. Even the most cautious and savvy investors often fall victim to these targeted scams, although using a system such as Fully-Verified can create a secure and safe business environment.

The common Modus Operandi for Cryptocurrency fraud or scam is for a front company to be set up and linked to a genuine payment platform. This enables the company to receive the funds legitimately through an illegitimate source.

This front company can then be linked to shell companies registered in known Money Laundering jurisdictions including the Caribbean, Cayman Islands and throughout Cyber Crime syndicate hubs including Russia, Asia, and eastern European countries

Fight back against Cryptocurrency fraud

Claimstar has assisted many victims of Cryptocurrency Fraud or Scam by providing valuable Intelligence and resourceful recommendations on how to proceed with further action.

Our in-depth Open Source Intelligence (OSINT) gathering methodologies is a large part of our internal Investigation procedure against Cryptocurrency Fraud or Scam.

These tools, techniques and procedures are at the forefront of modern Investigations and keep pace with the rapidly changing world of all Cryptocurrency platforms.

Claimstar’s Intelligence Reports are competitively priced and typically take 2 to 4 weeks to complete.