Begbies Traynor Group launches Digital Asset Investigation Unit

Begbies Traynor Group has launched its Digital Asset Investigation Unit to tackle digital asset fraud, build risk and compliance frameworks and trace and recover digital assets across wallets, exchanges and decentralised finance platforms for clients.

The advisory firm, which has partnered with Chainalysis to deliver this offering, is one of the first firms to build this capability in-house.

Using multi-jurisdictional experience across Begbies Traynor Group, including forensic blockchain analysis, legal investigations, advisory, banking and insolvency, the new Digital Asset Investigation Unit carries out investigations, mapping, monitoring, protection and recovery of digital assets for a range of clients.

The new Unit supports on cases of personal or company insolvencies across a range of corporate, public sector and financial services clients. It also helps protect high-value digital assets, maintain the integrity of investment portfolios, and actively manage risk exposure for the financial services sector including funds, private equity and asset management firms.

As a Chainalysis partner, a leading blockchain intelligence provider, the Digital Asset Investigation Unit uses Reactor, the most advanced blockchain investigations platform.

Members of the new Unit effectively trace digital assets and investigate suspicious activity comprising in-house Reactor investigators holding the Chainalysis Reactor Certification (CRC) and the Chainalysis Cryptocurrency Fundamentals Certification (CCFC).

Key services offered include:

Wallet and transaction tracing across major cryptocurrency networks
Attribution of wallet addresses using open-source intelligence and platform data
Exchange liaison and witness statement support for asset recovery
Expert witness support for litigation and arbitration
Collaborative investigations with legal and insolvency professionals
 

Brian Simpson, Partner at Begbies Traynor, said:

“As digital assets become ever-present in our lives there are unique challenges ahead to corporates, public sector and financial services as they adapt to the use of virtual assets. Our Digital Asset Investigation Unit, paired with our industry expertise across forensics, advisory, insolvency and investigations, is able to provide urgent support to help users confidently navigate the ever-evolving digital asset market.

“It is evident that there is significant potential in the digital assets space for investors, businesses and financial institutions alike. We have built this Digital Asset Investigation Unit because the emergence of opportunities can attract increased risk. The skills and experience within this Unit will ensure that success does not have to mean taking on undue or unknown risk.”