CASE STUDIES
Operation Greywire
Fraud network disrupted · 6 referrals across 3 jurisdictions
Summary
Capital Path received 34 individual case submissions over a four-month period, all describing materially identical fraud patterns: victims had been contacted via LinkedIn by individuals posing as cryptocurrency investment advisors, cultivated over 3–6 weeks, and then directed to a fraudulent trading platform. Individual losses ranged from $8,000 to $65,000 USD. Capital Path's intake team identified the pattern overlap and pooled all 34 cases into a single investigation.
Investigation
Pooling 34 cases produced a substantially richer evidence base than any individual case could have provided. The Intel Tech unit mapped 847 wallet transactions across the consolidated victim pool, identifying six distinct cash-out operators and a shared backend infrastructure serving the fraudulent trading platform. The platform's domain registration history linked it to a previously flagged entity in the Capital Path registry.
Capital Path engaged partner authorities in the UK (National Crime Agency), Canada (FINTRAC), and Australia (AUSTRAC) simultaneously, submitting a consolidated evidence package covering all 34 victims. The cross-jurisdictional nature of the referral — with victims and operators spread across all three countries — enabled a coordinated law enforcement response that would not have been possible from any single national authority acting alone.
Outcome
Six individuals were referred for prosecution across the three jurisdictions. The fraudulent platform was taken offline following domain seizure coordinated by UK authorities. No asset recovery was achieved — funds had been dispersed through mixing services and were not traceable beyond a certain point. However, the criminal referral resulted in charges being filed in two jurisdictions. All 34 victims received a full intelligence report documenting the investigation findings, suitable for use in civil proceedings or insurance claims.