{"id":12361,"date":"2026-09-13T03:42:51","date_gmt":"2026-09-13T01:42:51","guid":{"rendered":"https:\/\/paucitas.com\/questions\/crypto-holdings-in-a-bankruptcy\/"},"modified":"2026-09-13T04:14:49","modified_gmt":"2026-09-13T02:14:49","slug":"crypto-holdings-in-a-bankruptcy","status":"publish","type":"page","link":"https:\/\/paucitas.com\/en\/questions\/crypto-holdings-in-a-bankruptcy\/","title":{"rendered":"How are crypto holdings traced and substantiated in a bankruptcy?"},"content":{"rendered":"
\n\u2190<\/span>Back to Questions<\/a><\/p>\n
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How are crypto holdings traced and substantiated in a bankruptcy?<\/h1>\n<\/div>\n

By R.T. (Tyler) Dijst<\/a>, blockchain investigator at Paucitas<\/p>\n

Paucitas traces crypto holdings in a bankruptcy and substantiates the findings in a report for the insolvency practitioner. We establish which holdings existed, where they went and on which data that conclusion rests.<\/div>\n

What Paucitas does<\/h2>\n

We start from the known data in the accounts and from the bank accounts: every payment to or from an exchange is a lead. One anonymised case: the accounts showed only two small payments to an exchange, and following those two payments brought a holding into view that had been moved to a self held wallet shortly before the filing.<\/p>\n

In Dutch insolvency proceedings the practitioner needs findings that hold up against a creditor and, if necessary, in a civil procedure. The report is therefore written with the source for every step.<\/p>\n

We start from the known data in the accounts and from the bank accounts: every payment to or from an exchange is a lead. One anonymised case: the accounts showed only two small payments to an exchange, and following those two payments brought a holding into view that had been moved to a self held wallet shortly before the filing.<\/p>\n

What you supply<\/h2>\n

The insolvency practitioner supplies the accounts, the bank statements and whatever is known about platforms and addresses. Two bank lines are often enough to begin; a complete picture is not a condition for starting.<\/p>\n

Where a director also held crypto privately, add what is known about that as well. Payments between a private wallet and the company are often the clearest lead, and they are frequently the only one recorded in the accounts.<\/p>\n

Where a director also held crypto privately, add what is known about that as well. Payments between a private wallet and the company are often the clearest lead, and they are frequently the only one recorded in the accounts.<\/p>\n

What you receive<\/h2>\n

You receive a report with the addresses found, the timeline of the movements, the value on the relevant dates and an account of the method. Where the chain runs dead, for example at a platform that provides no data, that is stated explicitly in the report.<\/p>\n

The report draws no legal conclusion about a transaction. It records what happened and when, which is what allows the practitioner to decide whether a step is worth taking.<\/p>\n

For an international reader the Dutch frame matters. A Dutch insolvency practitioner needs findings that hold up against a creditor and, if necessary, in a civil procedure, so every step in the report carries its source. Where the chain runs dead, for example at a platform that provides no data, that is stated explicitly rather than left open.<\/p>\n

The report draws no legal conclusion about a transaction. It records what happened and when, with the value on the relevant dates, which is what allows the practitioner to decide whether a step is worth taking.<\/p>\n

How to get started<\/h2>\n

The insolvency practitioner contacts us with a short description of the file and the question. We will say what is realistic with the material available and what it will cost. Use the contact page<\/a> for a first message.<\/p>\n

Two bank lines showing a payment to an exchange are often enough for a first assessment. The practitioner can write with a short description of the file and the question, and we will say what is realistic and what it costs.<\/p>\n

What the insolvency practitioner or the court does with the report, they decide themselves.<\/p>\n

Further reading<\/strong><\/p>\n