"Drive slowly, get further."
EthGuardians is a blockchain intelligence firm registered in Hong Kong SAR. We help victims of crypto fraud in Latvia trace stolen assets and pursue recovery through legal channels. 96% historical recovery rate across closed cases. No win, no fee.
The first official step after a crypto scam is a report to the Valsts policija, the Latvian State Police. Call 110, visit your nearest station, or file electronically at vp.gov.lv. Keep the case number: it proves you acted in good faith, and it will be needed when exchanges and banks are asked for information. For cyber incidents, you can also inform CERT.LV, which coordinates incident registration and analysis.
Latvijas Banka, the national central bank, supervises the financial market and publishes warnings about unregistered investment platforms. Before you trust a platform with money, check its name against those warnings. Cryptocurrency is legal in Latvia, but the law cannot protect an investor from a fake platform.
A typical Latvian case starts with a phone call. The caller pretends to be from the bank's security department, or from the police, and persuades the victim to move savings to a "safe account" or to buy cryptocurrency and send it to a given address. These phone scammers work in both Latvian and Russian, and older people suffer most often. The second common pattern is the fake investment platform advertised in Latvian on social media: the balance on screen is invented, and the moment you try to withdraw, they demand a "tax" or an "activation fee" first.
Latvia is a bilingual country, and a large share of daily life runs in Russian. This page is written in English for that audience; the Latvian page serves the Latvian-speaking public. We receive cases from Rīga, Daugavpils, Liepāja, and Jelgava, and the whole process runs online, so your location is never a barrier. Latvians know how to wait: the song festival tradition teaches that great work is built slowly, together. But in a fraud case, shame often demands silence. Silence helps only the scammer. The blockchain forgets nothing, and we know how to read it.
Report by phone on 110, at your nearest station, or online at vp.gov.lv. Keep the case number.
The financial market supervisor. Publishes warnings about unregistered investment platforms.
The national centre that coordinates registration and analysis of cyber incidents.
Most often Rīga, Daugavpils, and Liepāja. The process is fully online and open to clients anywhere in Latvia.
We combine blockchain forensics, Ethereum smart contract technology, and Swiss legal expertise to trace, freeze, and recover digital assets lost to any type of fraud.
A structured four-step process combining advanced blockchain forensics with formal legal action.
We never promise outcomes. We can, however, be honest about patterns. The labels below reflect general tendencies; your written assessment decides what applies to your case.
Victims of one scam are targeted again by fake recovery services. We never ask for seed phrases, 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.
The following testimonials represent verified client experiences. Names are anonymised to protect client privacy.
Riga, Latvia • March 2025
"I sent 18,400 euro to a fake investment platform. The police took my report but nothing moved. EthGuardians traced the flow of funds within three weeks, and I got 16,200 euro back. Their calm written updates gave me confidence."
Daugavpils, Latvia • October 2025
"I met someone on a dating site who persuaded me to invest, and I lost 9,750 euro. Shame kept me quiet for months. My case manager never judged me once. We recovered 7,900 euro."
You pay nothing at the start. Our fee, agreed in writing before work begins, comes out of recovered funds after they reach your wallet. If nothing is recovered, you owe us nothing.
Never. We do not ask for seed phrases, private keys, two-factor codes, remote access, or upfront payments. Anyone who asks for these in our name is an impersonator.
Call the State Police on 110, file a report at your nearest station, or submit it online at vp.gov.lv. Keep transaction hashes, receiving wallet addresses, the platform URL, and all chat records. You can also inform CERT.LV about the cyber incident.
It depends on the case. You receive a written assessment within 24 hours. Tracing takes weeks; cases with court action can take months. We give you an honest outlook in writing before you commit to anything.
Check four things: no upfront fees, no requests for seed phrases, a written assessment before commitment, and a verifiable company registration. EthGuardians is registered in Hong Kong SAR under AI Data Intelligence.
The blockchain does not forget. Delay makes tracing harder, but every transaction is still on the public ledger. A free case review shows you where you stand.
