Cryptocurrency is becoming increasingly more common, as is its risk for theft and embezzlement.
What is Blockchain Forensics?
As the demand for cryptocurrency grows, the need for individuals, financial institutions, and businesses to understand, trace, and determine how and where cryptocurrency was used also increases. With their unique skillset, experience, and continuing education, our forensic accountants and blockchain and digital forensic professionals are distinctly positioned to assist in tracing crypto assets, provide clarity for your case, and conduct a thorough investigation on your behalf.
Cryptocurrency Tracing
Why is it necessary to do crypto and cyber forensics? Bitcoin, Ethereum, and most cryptocurrency transactions are not completely anonymous, contrary to popular belief. When transacted, they contain accessible information. Eide Bailly utilizes state of the art forensic tools and resources to track the movement of cryptocurrency funds to public addresses. Although these addresses will not list a person’s identity, in certain cases cryptocurrency can be traced to an exchange or other source to help identify the beneficiaries of the transaction(s).
Our blockchain forensics team is available to assist with your unique situation on the following types of issues:
- Cryptocurrency tracing
- Marital dissolution
- Bankruptcy
- Asset conversion
- Fraud and corruption
- Insurance claims
- Investigations
- Litigation support
Utilizing specialized blockchain forensics techniques, we can assess each situation to help identify the entry and exit points of cryptocurrency transactions.
Litigation Support
Blockchain and cryptocurrency is not a universal language. Our blockchain forensics and cybercrime professionals have extensive experience in providing intelligence reports used in litigation and know what it takes to help people understand the technical aspects of digital examinations. In other words, we help uncomplicate the complicated.
Whether it is providing factual data, written reports, or expert testimony, you can rely on the Eide Bailly blockchain auditing and forensics team to provide useful information as part of your litigation case.
Digital and Device Forensics
In certain instances, computers, cellphones, hardware wallets, or other devices will need to be forensically imaged to capture information as part of an examination. Data from emails can provide information such as cryptocurrency obtained, exchanges utilized, and what hardware wallets may have been used for storage and payment purposes. Our digital forensic experts have the tools and knowledge to make this possible for use in your court case or asset recovery efforts.
Why Choose Eide Bailly to be your Blockchain Forensics Partner?
- Team of CPAs, fraud and forensic examiners, eDiscovery specialists, valuation professionals and more
- Proven track record of investigative accounting, digital forensic services, and expert witness testimony
- Scalable eDiscovery and digital forensic technology to meet your needs
- Ability to provide expert testimony to aid in your legal proceeding
- Top 25 CPA firm
- Tailored engagements to provide the best solutions for your needs
What We Offer
Digital Forensics
Utilize investigative technology and forensic analysis to extract and preserve digital data for your court case or fraud proceedings.
Cellphone Forensics
The data and personal content in our cellphones can tell a lot about us. That’s why they’re a critical piece of evidence in litigation and fraud matters. Our team can help you uncover and extract what you need to find resolution.
eDiscovery Management
eDiscovery focuses on preserving, investigating and presenting electronically stored information necessary to your legal case. Our state-of-the-art technology and software will give you access to critical information when you need it most.
Forensic Accounting
Accounting, calculations, digital forensics and investigative skills all combine to help you uncover the facts about your fraud or forensic case to help document financial damages and crime.
Forensic Data Analytics
Perform multiple analyses on large amounts of data to detect anomalies, expose vulnerabilities and mitigate your exposure to fraud risk.
Attorney & Corporate Consulting
Litigation involving finances is complex and often requires deep, specialized expertise in fraud, financial law, economic damages, forensics, business valuation and more. Let us help compile the evidence and data for your case and provide expert witness testimony.
Fraud Prevention and Detection Checklist
You can’t prevent fraud and money laundering entirely. But you can be prepared for it. Here are common issues we see in organizations with limited segregation of duties over their accounting functions.
Featured Insights
Report Fraud Today
If you suspect fraud in your organization or see suspicious activity that you think may be impacting your company’s data, report it.
Our anonymous hotline reporting service gives your organization the ability to report a potential incident so that your organization can address and investigate an employee’s concern.
You don’t have to face fraud and uncertainty alone.
Take action now to prevent, detect and resolve fraud in your organization before it’s too late. Let’s talk.