About Token Recovery
- Field: Blockchain and crypto investigations
- Services: Investigations, asset recovery, training
- Customers: Businesses, individuals, CASPs, law enforcement, legal experts
Token Recovery specializes in a wide range of investigations and recovery of lost/stolen cryptocurrency. The team uses blockchain analysis and forensic techniques to trace digital asset transfers and document transaction histories. It works with both individuals and organizations to identify, locate, and reclaim missing assets.
Challenge: Finding the high-quality tool that fits the specific needs of EVM blockchains investigations
When choosing a tool, investigators consider the quality of the tool, the quality of the data, and, of course, the price.
There’s one more challenge: not all blockchain analytics solutions are equally effective for every task. For example, when analysing smart contracts on EVM blockchains like Ethereum, selecting the tool that fits the specific needs of an investigation is crucial.
This challenge is particularly significant given the prevalence of smart contract exploits. In 2024, contract exploits accounted for 19.1% of total losses, amounting to $369.8 million. Smart contract exploits rank as the #2 most damaging attack method after private key compromises, according to the Global Ledger research.
Solution: GL Vision with its easy tracing and fast and accurate blockchain data retrieval
- Tool: GL Vision
- In use: For 1+ yrs
Roman Bieda, Head of Investigations at Token Recovery, sees GL Vision as one of the best in the market when it comes to tracing EVM blockchains.
GL technology helps track crypto flows and get detailed insights into transactions. It makes large-scale investigations easier by following funds across many hops and turning complex data into simple, clear models.
What else makes Global Ledger stand out, the investigator thinks?
- Quality of the data
- Speed this data is retrieved from the blockchain
- Easier following specific assets
- Team of professionals with deep expertise.
Other popular analytic tools make it easy to get an overall bird’s-eye view, while GL makes tracing specific assets easier.
Here’s how it works in the tool. By double-clicking, the GL Vision system “opens” the selected node, and you can visualise the previous or next transaction(s) associated with the traced amount.
Results: Faster investigations save time and resources and increase the chances of asset recovery
Roman Bieda is an experienced fraud investigator, an MIT-certified blockchain expert, as well as a virtual asset expert at the OSCE. With such an extensive background, he knows exactly how much time and effort investigations can take.
Doing investigations takes a lot of time; it’s a full-time job, he says.
At Global Ledger, we definitely can relate: one of the cases investigated for Token Recovery involved tracing the flow of funds associated with 160 wallets and demixing.
Here, GL solutions come into play.
What does this speeding up mean for the company and its customers? For the company, it translates into significant time and resource savings, allowing it to take on more customers and, ultimately, earn more. For the customers, it increases the likelihood of recovering assets more efficiently.
“I’ve been using it for over a year. So, I’ve seen a lot of improvements,” Roman says. From the Entity Explorer and Counterparty Report to AI Alerts Prioritisation, GL keeps evolving, with regular updates and new features that make investigations faster and more accurate.