Cybercrime

Private investigation firm Lionsgate claims it can help recover stolen crypto when going straight to the police fails.

If you’ve been scammed, it might seem like your crypto is lost forever. Decentralized blockchain wallets can’t be frozen in the way bank accounts can. And even if the scammer tries to cash out at a regulated exchange, the authorities may move too slowly to nab the funds before they are withdrawn.

But various private investigation firms do claim to have notched up success in recovering funds. Self-proclaimed “crypto crimestoppers” Lionsgate Network, claims it has recovered at least $4 million in stolen and lost crypto funds. 

Lionsgate said it uses connections with law enforcement in various US states and countries around the world to freeze and return stolen crypto to its owners.

Founder and CEO Bezalel Eithan Raviv told Cointelegraph that while it’s difficult to track and freeze funds, it’s not impossible. “Everything begins with analysis, as that’s what we do,” he stated. “That’s our core service, and we do it with the most advantageous tech there is in [the] crypto space or blockchain analysis.”

Locating the funds is one thing, but recovering them is another. 

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