Frequently Asked Questions
LY Forensics provides a range of digital asset forensic services to help businesses identify, value, track, trace and protect cryptocurrency and other digital assets.
General Questions
What is digital forensics, and why do I need it?
Digital forensics is the systematic preservation, collection, analysis, and presentation of electronic evidence (computers, phones, cloud services, blockchain data, etc.). It is essential when you need reliable, court‑admissible proof of what happened, who was involved, and how assets moved.
How do you ensure the evidence is admissible in court?
LY Forensics follow internationally recognised standards (ISO 27037, ACPO, NIST 800‑101) and maintain a strict chain‑of‑custody log. All work is documented in a forensic report that can be cross‑examined by legal counsel.
What’s the typical turnaround time?
Work will start once payment has been received on the invoice for the matter. LY Forensics request our clients supply the relevant evidence within 10 business days once an invoice has been paid.
How is my data protected?
All data is stored on encrypted, access‑controlled servers that meets ISO 27001. Only authorised forensic analysts handle your files, and all communications are encrypted (TLS 1.3).
Cryptocurrency & Blockchain
Can you trace lost or stolen crypto?
Yes. Using a combination of blockchain analytics tools, OSINT and on‑chain transaction clustering methods, LY Forensics can identify the flow of funds, flag mixing services, and locate wallet addresses that may be under the control of a suspect.
Can you provide asset valuations?
Yes, LY Forensics applies complex trading and market‑analysis metrics to determine the amount of crypto held, accounting for splits, forks, and token swaps.
Can you provide due diligence?
Yes, LY Forensics conducts comprehensive due diligence on cryptocurrency investments, including smart contract audits, team background checks, and market analysis to assess the legitimacy and risk of investments.
Can you provide expert witness services?
Yes, LY Forensics provides expert witness services in court proceedings and legal disputes involving digital assets and cryptocurrency.
Need more information?
All answers are general guides – specific advice may vary depending on jurisdiction, the nature of the evidence, and the legal order under which the investigation is performed. Please contact us if you need more infomation