Cryptocurrency RecoveryAttorneys

Why Is Cryptocurrency
Recovery So Difficult?

The decentralized architecture of blockchain technology offers many advantages—but it also presents serious obstacles for recovery:

    • Anonymity and Pseudonymity: Wallet addresses are not inherently tied to real-world identities. Tracing a stolen token to a wallet is only part of the battle; identifying the person behind that wallet can be nearly impossible without cooperation from exchanges or law enforcement.
    • Regulation: Many jurisdictions do not yet have well-defined legal frameworks for cryptocurrency. This regulatory gap complicates efforts to pursue legal action, particularly across borders.
    • Jurisdictional Challenges: Because crypto theft often involves actors operating in different countries, enforcing judgments or subpoenas internationally is an uphill battle. Legal procedures can become bogged down in issues of jurisdiction, sovereign immunity, and conflicting laws.
    • Rapid Movement of Funds: Stolen cryptocurrencies can be moved quickly across hundreds of wallet addresses and converted into privacy coins or fiat currency. The longer the delay in responding to a theft, the lower the likelihood of recovery.
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There are still many legal and investigative strategies that can improve the chances of recovery

Injunctions and Freezing Orders

Courts may issue injunctions to freeze assets held in identifiable accounts or wallets, particularly if an exchange is involved.

Turnover Proceedings

In some cases, victims may pursue a turnover order against a third party under state laws like New York CPLR §5225(b), provided the court has jurisdiction.

Blockchain Forensics

Sophisticated tools and forensic analysts can trace transactions across blockchains, providing evidence to support legal claims.

Greenbaum Law Group’s Debt Collection Services for Cryptocurrency Collection

At Greenbaum Law Group, we represent clients who have lost cryptocurrency due to hacking, fraud, or breach of fiduciary duty. Our team collaborates with forensic investigators and leverages our experience in asset recovery and civil litigation to pursue all available legal remedies.

We understand how urgent and complex these cases are — and we’re committed to fighting for justice in a rapidly evolving legal landscape.

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Required Case Documentation

In most instances concerning cryptocurrency loss or recovery, a range of written documentation is requested. 

This Required Documentation for Your Collection Includes:

  • The wallet addresses
  • Purchase recovers (exchange receipts, wire transfer receipts or bank statements providing you bought or deposited the crypto)
  • Contracts (if any)
  • Evidence of loss (including transaction records, screenshots, or an incident report)
  • Any identification of the wrongdoer (identification of destination address)
  • Blockchain analysis to help identify who currently possesses the crypto, and any other contracts (e.g., terms of service). 

Our team of experienced collection attorneys will ensure that every legal avenue is explored to recover your money owed fast and aggressively. 

Done Paying for Hourly Lawyers? Choose Contingency

We offer our services on a contingency fee basis. We recover more money, more often than other attorneys or collectors. If you are a contingent fee client and we don’t recover, there is no fee for our services. The out-of-pocket filing fees for the court enforcement documents, motions, hearings, and liens and the fee for the process servers are generally small.

See Our FAQ Page Concerning Costs

See Our Fee Information

See Our Fee Agreements

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Our Practice areas

Collections

Collections

If you are owed over $15,000 for a commercial debt, note, sale of goods or services, loan or because you gave someone credit.

BAD DEBTS AND LOANS

BAD DEBTS AND LOANS

If you loaned money or sold goods or services on credit and didn’t get paid, you have a good case for recovery

UNPAID SALES

UNPAID SALES

If you sold your time or products and didn’t get paid, we will pursue rapid collection for you.

CONSTRUCTION DEBTS

CONSTRUCTION DEBTS

If your debt is related to a construction project, other remedies, liens and security can often be pursued.

JUDGMENT ENFORCEMENT

JUDGMENT ENFORCEMENT

Do you already have a California Judgment you haven’t collected? We are specialists in judgment enforcement techniques such as

SISTER STATE JUDGMENTS

SISTER STATE JUDGMENTS

If you have a Court Judgment or Order from a State other than California, it can be enforced against a California Debtor or property

FOREIGN JUDGMENTS

FOREIGN JUDGMENTS

Judgments issued in Foreign Countries against California Debtors or those with property in California can be collected by

ARBITRATION AWARDS

ARBITRATION AWARDS

If you have an award from an Arbitration that isn’t being paid, we can convert it to a judgment and pursue collection

Take action now… give us a call or submit an inquiry online