BlockDivers Uncovers Multi-Hop Crypto Fraud Case

BlockDivers, a leading provider of forensic blockchain investigations and asset recovery services, is proud to announce the successful completion of another high-profile crypto tracing case involving a sophisticated scheme to launder stolen digital assets.

The case centered around the unauthorized transfer of funds from a private wallet, which had been compromised through deceptive means. Upon engagement, BlockDivers' investigative team initiated a full-spectrum blockchain analysis, tracing a complex web of transactions across multiple wallets and blockchains. In total, the team followed more than a dozen transaction "hops", ultimately uncovering the destination wallet, which was tied to a major global exchange.

The stolen assets, which totaled in excess of $2.5M, were quickly split and obfuscated in an apparent attempt to thwart detection. However, using advanced forensic tools and deep-tracing methodology, BlockDivers successfully followed the digital trail through layers of wallets, mixers, and interlinked transactions.

"We're pleased to share that our team has definitively traced the illicit funds to an account at Binance," said Dan Lounsbury, CEO of BlockDivers. "We have prepared a complete forensic report with wallet addresses, timestamps, and transaction IDs, which will be used to support a formal request to the exchange. This next step involves pursuing Know-Your-Customer (KYC) and Anti-Money Laundering (AML) data through law enforcement channels."

This outcome marks yet another success in BlockDivers' growing portfolio of asset recovery operations, many of which support whistleblowers, victims of crypto fraud, and legal teams pursuing restitution through courts and regulatory bodies.

BlockDivers works closely with international law firms, regulators, and investigators to identify suspicious wallets, connect fraudulent activity to real-world actors, and recover lost digital assets. As crypto crime continues to evolve, BlockDivers remains at the forefront of forensic innovation and investigative intelligence.

BlockDivers
197 S Federal Hwy
Ste 200
Boca Raton, FL. 33432
(561) 850-1055
dan@blockdivers.com

BlockDivers is safeguarding the integrity of the digital asset ecosystem by providing cutting-edge forensic analysis and blockchain intelligence. With a global reach and a proven track record, BlockDivers supports victims of crypto fraud, whistleblowers, and legal teams in recovering stolen funds and identifying bad actors across blockchain ecosystems.

This release was published on openPR.