Chicago Cryptocurrency Theft Defense Attorney
Cryptocurrency theft charges involve allegations of illegally obtaining digital assets such as Bitcoin, Ethereum, Dogecoin, Litecoin, Tether, XRP and other cryptocurrencies through various fraudulent means.
These complex federal cases require immediate attention from a tech-savvy defense attorney who understands both cryptocurrency technology and federal criminal law.
At Pissetzky Law LLC, our Chicago federal defense attorneys are prepared to defend your rights against cryptocurrency theft allegations aggressively. Having successfully secured countless acquittals and dismissals on behalf of our accused clients, we understand the sophisticated strategies necessary to contest the prosecution’s claims and maximize your chances of securing a favorable outcome in these highly technical cases.
Understanding Cryptocurrency Theft Allegations
Cryptocurrency theft can encompass various alleged criminal activities involving digital assets. Common allegations include phishing accusations where prosecutors claim defendants stole digital assets by enticing victims to enter their login credentials on fraudulent websites. Cases may involve allegations of creating fake digital wallets designed to defraud counterparties in cryptocurrency transactions.
More sophisticated allegations can include claims of using malware or ransomware to demand cryptocurrency payments from victims, or accusations of hacking cryptocurrency exchanges to steal stored digital assets. These cases often involve extensive digital forensics and require defense attorneys who understand blockchain technology and cryptocurrency exchanges.
The Complexity Of Cryptocurrency Defense
Defending against cryptocurrency theft allegations requires a deep understanding of both federal criminal law and cryptocurrency technology. These cases often involve complex technical evidence, blockchain analysis and digital forensic investigations that demand meticulous examination.
Federal prosecutors frequently collaborate with specialized cybercrime units and digital forensics teams to build their cases. The prosecution may present evidence involving IP addresses, blockchain transactions and digital wallet analysis that requires knowledgeable defense representation to properly challenge.
Our Chicago federal crime lawyers understand the technical complexities involved in cryptocurrency cases and work with qualified digital forensics professionals to identify weaknesses in the prosecution’s technical evidence.
Frequently Asked Questions
Q: Are crypto theft cases prosecuted under federal or Illinois law?
A: Cryptocurrency theft can be prosecuted under both federal and Illinois state law, depending on the circumstances. Most crypto theft cases involve interstate or international transactions, use of the internet, or large sums of money, which often triggers fedefral jurisdiction. However, Illinois prosecutors can also pursue charges if the crime occurred locally or impacted Illinois residents.
Q: Which agencies investigate these crimes (FBI, IRS, SEC, etc.)?
A: Several agencies may investigate cryptocurrency theft, including:
- The Federal Bureau of Investigation (FBI)
- The Internal Revenue Service (IRS), particularly its Criminal Investigation division
- The Securities and Exchange Commission (SEC)
- The Department of Justice (DOJ)
- U.S. Secret Service (for certain cybercrimes)
- State and local law enforcement in Illinois
Q: Is crypto theft prosecuted as wire fraud, computer fraud, or larceny?
A: Yes, crypto theft is commonly prosecuted as:
- Wire Fraud (18 U.S.C. § 1343): Involving the use of the internet or electronic communications to carry out a fraudulent scheme.
- Computer Fraud (18 U.S.C. § 1030): Unauthorized access to computers or networks to steal cryptocurrency.
- Theft or Larceny: Illinois state law may apply if crypto is stolen locally.
- Identity Theft or Access Device Fraud: If someone’s identity or account information was used.
Q: Should I speak to investigators without a lawyer?
A: No. You should never speak to law enforcement or investigators about a cryptocurrency theft investigation without consulting an experienced criminal defense attorney first. Anything you say can be used against you in court, even if you believe you are innocent.
Q: What rights do I have during a crypto crime investigation?
A: You have the right to remain silent and the right to an attorney. You do not have to answer questions or provide access to your devices or accounts without a warrant. If law enforcement contacts you, politely decline to answer questions and contact a defense attorney immediately.
Q: Can I be prosecuted if someone else used my accounts or devices to commit theft?
A: If someone else accessed your computer, wallet, or accounts without your knowledge and committed theft, you may have a valid defense. However, you could still be investigated, and it is crucial to contact an attorney right away. Your lawyer can help demonstrate that you were a victim of hacking and not responsible for the crime.
SIM Swapping Crimes
SIM swapping—also known as SIM hijacking—involves allegations of unauthorized access to someone’s mobile identity by transferring their phone number to a new SIM card. Law enforcement and prosecutors are aggressively pursuing these cases, especially when they involve access to bank accounts, cryptocurrency wallets, or other sensitive information. In Illinois, a conviction for SIM swapping can bring harsh penalties, including potential felony charges, significant fines, and even lengthy prison sentences—often alongside related charges such as identity theft or wire fraud.
At Pissetzky Law LLC, we understand that accusations of SIM swapping can be complex and are sometimes based on misunderstandings, mistaken identity, or insufficient evidence. Our experienced criminal defense attorneys are skilled in challenging the technical aspects of these cases, scrutinizing the prosecution’s digital evidence, and exposing weaknesses in the government’s claims. Whether you are under investigation or already facing charges, you have legal rights and options. Defenses such as lack of intent, lack of knowledge, or improper investigative procedures may apply to your case. Don’t let a SIM swapping allegation define your future—contact us today for a confidential consultation and let us fight to protect your rights and your reputation.
Contact Us: Working To Protect Your Future
When faced with cryptocurrency theft charges, you need experienced legal counsel who understands both the technology and the law. Contact our firm through our online contact option or 312-239-8292 today to discuss your cryptocurrency defense options.