Asset Reality is proud to announce a new collaboration designed to help victims of crypto-related fraud overcome the unnecessary barriers they face within the justice system. Together with Grant Thornton UK LLP, Outer Temple Chambers, Rahman Ravelli and Sandton Capital, we have established a triage system to assess claims at the outset. A team of experts trained in investigation techniques and corporate intelligence will then examine the claims for merit and further legal assessment.  Successful claims will be assessed and financed on a portfolio basis by Sandton Capital. They’ve dedicated £50m towards crypto-related litigation cases and their new portfolio facilities will allow them to finance multiple claims at once that would otherwise not have been possible. Though crypto-related crime reached an all-time high last year, with fraudulent addresses receiving over $14 billion during 2021, cases brought before the courts are still shockingly low. This is largely because the majorit...

Asset Reality is pleased to announce that we’re expanding our network of FCA registered digital custodians through our new strategic partnership with Solidi, a leading crypto asset exchange and custody provider based in the UK. Solidi’s platform uses a secure cold storage system and multiple layers of security to fully safeguard any of the digital assets under their protection. Their cold storage vault has been operating flawlessly for over 7 years without incident, during which they’ve guarded hundreds of millions of crypto assets. This collaboration, and those with our other strategic digital custodians like Digivault, will help law enforcement and asset recovery practitioners to properly recover, store and manage stolen virtual assets like cryptocurrency, NFTs or other virtual investments.  Our bespoke platform is the world’s first end-to-end solution that covers the whole life cycle of seized assets. Handling the entire process in one place saves investigators time, reduces ris...

  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...