"It will all work out."
EthGuardians is a blockchain intelligence firm registered in Hong Kong SAR. We help people across Iceland who have lost digital assets to fraud, with a 96% historical recovery rate across closed cases. You pay only if recovered funds reach you.
If you have lost digital assets to a scam in Iceland, you are not alone, and you have nothing to be ashamed of. Investment fraud is among the most common financial frauds reported by Icelanders. The pattern is nearly always the same. An advert on social media, or a message from someone you met online, introduces a trading platform showing unrealistic returns. The first withdrawals work, to build trust. Then the platform demands "taxes" or a "release fee" before you can touch your balance. That demand is the surest sign of fraud. Do not pay another króna.
The first official step is to report. Contact Lögreglan through police.is or your nearest police station; in an emergency call 112. Keep the case number: it confirms your status as a victim, and we will need it. The Financial Supervisory Authority (FME) also publishes warnings about unlicensed operators; check whether the platform is on the list. In Reykjavík, Kópavogur, Akureyri or anywhere else, the route is the same.
A police report matters, but it does not trace money. That is where our work begins. The blockchain is a public ledger: every transaction the scammer made is still recorded there. Our forensic team follows your funds from wallet to wallet, through to the exchanges where they landed. With our Swiss legal partners we then seek account freezes and court orders against identifiable recipients. You receive a written assessment before any work starts, and you pay only if recovered funds reach you.
One pattern deserves a clear warning: recovery fraud. Victims of one scam are contacted again by people claiming they can retrieve the money for an upfront fee. That is the second scam. A legitimate firm never contacts you uninvited, never asks for seed words, and never charges before funds are returned.
Lögreglan at police.is or your local police station; in an emergency call 112. Keep the case number.
Fjármálaeftirlitið (FME) publishes warnings about unlicensed operators. Check the platform name before paying anyone.
Reykjavík, Kópavogur, Akureyri and everywhere in between, in Icelandic and English.
We combine blockchain forensics, Ethereum smart contracts and Swiss legal expertise to recover assets for victims across Iceland.
A structured four-step process, built on blockchain forensics and legal action.
Every case is different, and recovery is never guaranteed. Here is our honest reading of the fraud types most common in Iceland.
We never ask for seed words, private keys, two-factor codes, remote access to your device, or any upfront payment. Anyone who asks for these in our name is an impersonator.
These testimonials represent verified client experiences. Names are anonymised to protect privacy.
Reykjavík, Iceland • February 2026
"I lost 5.4 million ISK to a fake trading platform I found through a social media advert. The police took my report, but months passed with no news. EthGuardians traced my deposits to two exchanges, and a large part of my funds came back within four months."
Akureyri, Iceland • October 2025
"A romance scam cost me 3.1 million ISK in bitcoin. I was ashamed to tell anyone. The team handled my case with respect and documented every transaction. Part of the funds was frozen, then returned."
Your case assessment is free and given in writing. If we accept the case, our fee is fixed in writing before work begins, and it comes out of recovered funds only, after they reach you. If nothing is recovered, you pay nothing.
Never. We never ask for seed words, private keys, two-factor codes, remote access to your device, or any upfront payment. Anyone who asks for these in our name is an impersonator.
Contact Lögreglan at police.is or your nearest police station; in an emergency call 112. Keep the case number: it confirms your status and we will need it. Also check the FME warning list to see whether the platform is named there.
Tracing takes days to a few weeks. Legal action usually takes three to six months, sometimes longer depending on the platforms and countries involved. You receive a realistic timeline in writing after the assessment. Recovery is never guaranteed.
No. The blockchain forgets nothing: every transaction is still on the public ledger. Delay makes tracing harder, so report now and submit your case the same day.
Pay nothing more. This is the classic advance-fee move: every payment leads to another. Keep the receipts and conversations, report the platform to the police, then have your case assessed.
