Cybertrace investigators are issuing a warning against the asset recovery scam website (funds recovery scam), Blockchain Investigation Agency, operating the website blockchain-investigation-agency.com. Like all asset recovery scams, the offender finds a victim who has already been scammed and makes false promises to track their lost funds and help them recover their funds.
In exchange, the victim will have to hand over money before they release it (which will not actually ever happen), commonly via a fraudulent tactic known as mirror transaction fraud. Occasionally, the scammers will inform victims that they have already found their crypto, which is ‘frozen’ on the blockchain. Again, to ‘unfreeze’ the funds, the victim must first pay fees. Again, the funds are not frozen and will never be returned as these scammers claim.
But how do we know for sure, that Blockchain Investigation Agency is indeed a scam? Let’s take a look at what our investigators discovered about this funds recovery scam.
Unrealistic and unverified claims
The Blockchain Investigation Agency claim to be experts in Blockchain Investigative Services and Solutions, Incident Response, Blockchain Forensics, Investment Fraud Response, and Cryptocurrency Investigations Services. Furthermore, they claim they have investigated and tracked Bitcoin and other Cryptocurrencies internationally and worked on criminal and civil cases worth more than USD $45 Billion.
This statement is the first red flag our investigators identified. When researching the Blockchain Investigation Agency, no media articles or press releases can be located to prove this claim.
Company information
Their website states it is operated by a registered business, under the name of Swiss Security Solutions LLC. Our analysts conducted searches and confirmed there is indeed a registered company with this name. However, a closer look reveals the company is not associated with the Blockchain Investigation Agency website, and instead actually provides security-related services.
The real Swiss Security Solutions LLC company is located in Zurich, Switzerland, and does not mention offering fraud investigations or blockchain investigations. Unfortunately, it is very common practice for scammers to impersonate real, and unrelated companies to try to appear legitimate.
FinTelegram News Publication
Further open-source research identified the Urgent Warning issued by FinTelegram News. FinTelegram explains that the Blockchain Investigation Agency scam is part of the TudoFX scam. Additionally, our team has further intelligence to suggest that the Blockchain Investigation Agency scam is in fact linked to the TudoFX scam.
FinTelegram also revealed a secondary website connected to this scam, blockchain-investigative-agency.business.site. From a quick glance at this website, it is consistent with many other scam sites due to the layout, formatting, and design. Lastly, Swiss Security Solutions provided its own warning against the Blockchain Investigation Agency scam and explained how the scam is impersonating their Company.
Intel from our Global Network
Cybertrace is well known in the community of genuine investigation firms specialising in complex international fraud cases. And one of our contacts located in Hong Kong advised us that a victim of the TudoFX scam was directly contacted by the Blockchain Investigation Agency scammers after losing money to the TudoFX scam. This seems to indicate that the same scammers behind TudoFX, are also responsible for the Blockchain Investigation Agency scam too.
Our team of analysts and investigators have the capability to locate a victim’s funds, it requires expert Blockchain forensics and specialised tools. If you have been a victim of, another investment scam, or a funds recovery scam, contact our team today to discuss how we can assist you.
About 3 yrs ago I deposited $5000 into my Blockchain account. Half was put in as Cash in U.S. Dollars and the other half was purchased in Bitcoin. They have held on to my money. Would not let me send, transfer, withdraw or sell any of it. Recently they FINALLY deposited my cash into my bank account but are now telling me I don’t have any Bitcoin.