Forensic accountants are combining old-fashioned sleuthing techniques with complex blockchain investigations as criminals increasingly turn to cryptocurrencies to launder the proceeds of fraud.
Although scams involving cryptocurrencies are widely reported across the globe, there's scant information available on the success rate of private investigations when it comes to tracking down and ultimately recovering illicit cryptocurrency holdings.
Investigators and blockchain experts say the industry urgently needs to get a firm grip on increasingly mainstream virtual currencies and spot the telltale signs of scams. These tips can help accountants track them down.