This case study details one of our most complex cryptocurrency tracing operations in recent history. A corporate client came to us after discovering that $2.1 million in company funds had been siphoned through a series of fraudulent transactions.
The Investigation
Our CYBINT team began by mapping the initial transaction from the victim wallet. What followed was a 6-week investigation that traced funds through over 200 individual wallets, three different blockchain networks, two cryptocurrency mixers, and multiple decentralised exchanges.
The Breakthrough
Using our proprietary cluster analysis tools combined with OSINT techniques, we were able to link 47 wallets to a single threat actor. This gave law enforcement the evidence needed to obtain an asset freeze order.
The Outcome
Working with international law enforcement, we successfully recovered $1.8 million of the stolen funds — an 86% recovery rate on a case that many would have considered untraceable.