As digital asset trading gains more prevalence in society, it presents a unique new challenge for law enforcement agencies, asset recovery practitioners and regulatory bodies in both the public and private sector. We’ve been appointed by the Belgian authorities to provide comprehensive management services for seized crypto assets. We’ll be working closely with law enforcement agencies, public prosecutors and investigating judges across Belgium to improve their asset management capabilities and mitigate risk. Alongside one of our digital custodian partners, Digivault, our team of experienced crypto practitioners will be using our bespoke platform to provide recovery, storage and management services for seized digital assets like cryptocurrency, NFTS and other virtual investments. The platform was custom-built to provide the world’s first end-to-end solution for investigating, recovering, managing and selling these complex assets.  It will allow investigators to save time, red...

  Asset Reality is proud to announce that we’ve been appointed by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) to conduct a series of international technical assessments as a part of their Global Program for Combating Illicit Financial Flows project. This project is researching how the connectivity between international financial systems promotes both economic growth and gives rise to illicit financial flows. The project focuses on collaborative efforts between participating countries to create working systems at regional, national and international levels. Recently, our Co-Founder & CEO Aidan Larkin moderated several sessions for GIZ’s Asset Management Forum.  At these sessions, the panelists discussed the international standards of solid asset management and disposal, the legal framework, set-up and operational processes of an asset management office, and the disposal of assets with a particular focus on the social re-use cases. In line with our miss...

  Earlier this week, a federal district court in San Diego ordered more than $17 million dollars in restitution to be distributed amongst the victims of the infamous Bitconnect investment scheme.  Approximately 800 victims from more than 40 countries around the world will be awarded compensation for their losses in the most significant single recovery of cryptocurrency for victims to date. The Bitconnect Pyramid Believed to be the largest cryptocurrency fraud ever criminally charged, the Bitconnect Ponzi scheme defrauded thousands of investors out of $3.4 billion dollars in total. The platform’s director and promoter, Glenn Arcaro pleaded guilty to conspiracy to commit wire fraud on Sept 16th 2021. As a part of his plea deal, he admitted the intent to exploit their investor's interest in cryptocurrency by fraudulently marketing Bitconnect’s initial coin offering (ICO) and digital currency exchange as a lucrative investment with guaranteed returns through the use of social medi...

  Asset Reality is proud to announce a new strategic partnership with Digivault, a leading digital asset custody provider. Their expertise in this area will help us to achieve our mission to make crypto easier and fairer for everyone. As cryptocurrencies and digital assets like NFTs continue to gain prevalence in society, the need for global law enforcement agencies to keep up with the rapid development has never been higher. The public and private sector are both struggling with the challenges of managing seized assets, particularly those of a complex nature like crypto. By combining the unique abilities of Asset Reality and companies like Digivault, we can continue to support law enforcement agencies and asset recovery professionals to gain better results for the victims and creditors. Digivault is the industry’s first standalone FCA registered custodian of digital assets. Their platform combines multiple layers of security to give their clients the best possible protection. They...

  From seizure to sale, seized cryptocurrency assets are yet to have a streamlined professional process. As cryptocurrency gains prevalence in today’s society, the need for a comprehensive way to resolve crypto disputes is growing steadily.  Asset Reality is teaming up with Chainalysis and Grant Thornton to create a ground-breaking end-to-end solution for simultaneously investigating, managing and resolving disputes involving seized cryptocurrency assets.  Grant Thornton is the largest dedicated contentious insolvency team in the UK with a sole focus on asset recovery. Although the crypto space has always been dominated by Tech and Analytical companies, Asset Reality is thrilled that established asset recovery practitioners such as Grant Thornton are now entering this industry to help victims and creditors recover their funds.  This new initiative will be spearheaded at Grant Thornton by Insolvency and Asset Recovery director Carmel King and Digital Forensic Group pa...

 Asset Reality has been chosen by the Anti-Corruption Commission of Seychelles to provide services to the law enforcement agencies on the island. We’ll be supporting their efforts and implementing solutions to help the country build on the excellent work that is already being done. Many smaller island jurisdictions like the Seychelles find it difficult to balance the economic opportunities brought by embracing the crypto ecosystem against the need to tackle illicit crypto, especially against the backdrop of corruption. The work being carried out by the various law enforcement agencies on the island is invaluable in the fight against financial crime. Our Co-Founder & CEO, Aidan Larkin, is delighted with the new appointment: “Getting to work in the Seychelles for the second time in a month is a real treat. Not just because of the spectacular location, but getting to work with the dedicated officers of the Anti-Corruption Commission, Financial Intelligence Unit and Financial Crime...

  As crypto-related frauds continue to rise in scale and sophistication, the need for the legal industry to respond to cases robustly and effectively in this new area requires a joint approach that provides victims of fraud with the best possible means of redress. The ‘Crypto Fraud and Asset Recovery’ network will bring together some of the world's leading names in crypto fraud investigations and asset recovery. These professionals include lawyers, barristers and forensic accountants as well as corporate intelligence and asset recovery professionals. Through meeting regularly to discuss their practical experiences, the group will develop best practises for this rapidly evolving sector. By building the knowledge and experience in this area throughout the legal community, the UK and common law jurisdictions will be placed at the forefront of global crypto dispute resolution. The group aims to become a valuable resource for sensible advice in relation to crypto fraud and asset recover...