FAQ’s
How much does the policy cost?
Option A – If purchased before the event (pre-Lost):
The basic policy costs $8,000 + 12% IPT
Total premium payable $8,960
Option B – If purchased after the event:
$25,000 + Insurance Premium Tax (IPT) at 12% + Broker Fee $5,000+ VAT = $34,000
You will be charged a success fee equal to 7.5% plus VAT of the crypto recovery, this fee is payable on completion of the recovery and payable to Cypher Tracer Ltd (option A & B).
What is insured?
Our unique Crypto Assets recovery policy covers the Legal Fees and Disbursements that You incur in connection with recovering Crypto Assets that You have lost as a result of fraudulent misappropriation by a third party.
Reasonable Prospects of Success
Means a written certificate from Your Solicitor within the claim form which provides a professional assessment of prospects of successfully recovering the Crypto Assets which are the subject of the alleged fraud. The prospects assessment must be at least 60% for coverage to apply and any such legal assessment will be relied upon by the Insurer. It must show a percentage and not a range. The legal assessment must also provide the Insurer with prospects of successfully obtaining and recovering a costs order (and therefore securing a return of legal fees and disbursements.)
What is not insured?
- Any Covered Loss where there is a related allegation against You involving:
- Dishonesty;
- Failure to include the claim on a tax declaration;
- Malicious falsehood;
- Offences under part 7 of the Proceeds of Crime Act 2002 (money laundering offences).
- Any costs and disbursements ordered against You in the proceedings.
- Any loss arising from or relating to the financial failure, liquidation, bankruptcy, insolvency, receivership or administration of any Exchange.
- Any loss as a result of currency exchange rate fluctuation at the time of settlement.
How Do I make a Claim?
E-mail your enquiry to inquiry@cyphertracer.com
A member of M2’s legal team will contact you to begin the process of recovering your stolen crypto assets.
Are there any restrictions?
This policy shall terminate immediately:
- Upon exhaustion of the Limit of Indemnity by payments made under this Policy.
- If Your Solicitor with good reason refuses to continue to act for You.
- You dismissed Your Solicitor without good reason, or You withdraw from the claim without Our agreement, cover will end immediately unless We approve the appointment of another Solicitor in substitution.
- Your Crypto Assets have been withdrawn / encashed or sold by You.
- One Covered Loss has been indemnified by Us.
HENRY IS THE CHAIRMAN OF Cypher Tracer, HAVING PREVIOUSLY SERVED AS THE CONSERVATIVE MP FOR NORTH WEST NORFOLK FOR MORE THAN 30 YEARS BEFORE BEING APPOINTED TO THE HOUSE OF LORDS IN 2020.
J. Brent Williams is currently the founder, President and CEO of Euclidian Trust. He founded Euclidian Trust after boot-strapping his last entrepreneurial endeavour, 
Andrew Day has been a qualified solicitor for 15 years, having trained at a city law firm and then ultimately becoming a partner and director of a boutique dispute resolution firm. He has been a key advisor to C-suite decision makers, in-house counsel and family office teams in the strategic control and direction of complex and sensitive disputes. Andrew was responsible for the creation and management of a disruptive collaboration model between the law firm and external experts. The aim was to supply asset tracking and recovery with an intelligence gathering capability, which was developed into a revenue generative service line and a spin-off consultancy. Andrew left the law firm in late 2018 and now works as a consultant to advisory businesses to bring the multi-disciplinary approach to niche areas of claims and advisory work. Andrew was engaged by M2 in early 2021 to help drive the development of client pipeline and products, and with the management of its asset recovery offerings. 
Julian started his career at GNI Ltd in 1982 where he spent 15 years working in and eventually running their Financial Futures division. In 2001, after the sale of the company to Old Mutual, he was appointed CEO of GNI, which employed over 450 staff globally at that time. In 2002, GNI was sold to Man Financial and in 2003 Julian left to become CEO of Fleming Capital Management, a hedge fund seeding platform established by Fleming Family and Partners, the largest multi-family office in the UK. FCM built AUM to c. $500m by 2008 in 4 equity long/short funds but in 2012, a strategic change of direction led to the business being closed and Julian became a consultant to FF&P Corporate Advisory Group. In 2015, following the merger of FF&P with Stonehage, Julian left to establish his own consultancy business, focussing on aiding smaller companies with their strategic direction and capital raising. In 2019, Julian joined London and Oxford Group as Chairman.
Hemant has been a member of the Institute of Chartered Accountants in England and Wales (ICAEW) since 1988. Hemant assists in the financial control, ensuring that financial, governance, and business decisions are compliant. Hemant looks after the marketing budgets, develops financial projections and plans to ensure the prudential requirement is met.