// CRYPTO loss tax SPECIALISTS
CountDeFi, experts in crypto loss, theft and bankruptcy claims.
CountDeFi provides specialized tax accounting for US investors who have lost crypto to scams, hacks, theft, or a collapsed platform. We are crypto tax accountants and data scientists who reconstruct what you held and what you lost across wallets and exchanges, then settle the treatment that saves you money. If your loss came from an investment scam, a wallet drain, a rug pull, or a bankrupt exchange, CountDeFi can help with affordable accounting plans.
We operate online and in your time zone.
// the opportunity
Crypto losses might seems like a tax headache. To us, they're an opportunity.
You Might Be Owed a Deduction You Never Claimed.
A scam, a hack, or a collapsed exchange feels like a total write-off, and people either claim it wrong or assume they can't claim anything at all. The rules here are narrow but real, and the right treatment can put money back in your pocket. We work out what actually qualifies in your case and support it with evidence.
The Treatment Is a Maze, and Timing Matters.
A theft loss, a capital loss, and a bankruptcy claim you can't touch yet are each taxed differently, andclaiming in the wrong year is a fast way to get it denied. We settle which category your loss falls into and when it can be claimed, so the position holds up if the IRS looks.
Worried about CPA fees?
Complex crypto accounting has a reputation for runaway bills. We don't bill by the hour. Our plans scale with your volume and complexity, and every plan includes the software, the reconciliation, and the finished report.
// who we are
"Crypto losses are where I see the most money left on the table, and, the most audits invited. Half the traders who come to us have written off a scam they could partly claim, and the other half have claimed a stolen-coin deduction that was never going to survive. The rules are narrow and the timing is fussy, especially with a bankruptcy that drags on for years. We built CountDeFi to reconstruct exactly what was lost, settle the tax treatment that actually applies, and give you a claim you can stand behind."
Chris Herbst
Founder
// crypto tax loss experts
A crypto loss is only worth something if it's claimed correctly
We've been reconstructing complex crypto and on-chain activity since 2017, and loss claims are among the most misunderstood work we do. The hard part is rarely the math. It's the category and the timing. Not every loss is deductible, and the ones that are follow different rules depending on how the loss happened. Selling at a loss is one thing. Having crypto stolen, scammed, or frozen in a bankruptcy is another, and the tax treatment splits sharply between them. A loss from an investment scam is handled differently from a personal theft, a bankrupt exchange is often not a completed loss until thecase resolves, and a token going to near-zero is not automatically worthless in the eyes of the IRS. Claim the wrong category, or the right one in the wrong year, and it gets denied.
These aren't edge cases. It's the reality of crypto in 2026, after years of collapses and scams. We reconstruct what you actually held and lost from your wallets, exchange records, and the chain, establish the treatment that fits your facts, and document it. Where a bankruptcy claim is still open, we tell you what can be claimed now and what has to wait. Getting a loss claimed right doesn't have to cost a fortune. At CountDeFi we do not bill by the hour. Our accounting pricing scales with transaction volume and complexity, and all plans include software fees, transaction reconciliation, and a complete tax report.
View pricing →
Clients Worldwide
Crypto Tax Reports Completed
Crypto Transactions Reconciled
// services
Our crypto loss and bankruptcy tax services
Scam & Fraud Loss Claims.
Investment scams, rug pulls, and phishing thefts. We determine what qualifies and build the tax position with supporting evidence.
Stolen & Hacked Crypto
Wallet drains, hacks, and SIM swaps. We document and value the loss from your wallet and on-chain records to support your tax loss claim.
Loss Valuation & Reconstruction
We rebuild what you held, what you paid, and what it was worth when the loss happened. Certainty of transaction data is crucial when dealing with crypto tax loss claims.
Prior-Year Amendments
For a loss you claimed wrong or missed in an earlier year, we revisit and correct it.
Exchange Bankruptcy Claims
FTX, Celsius, Voyager, BlockFi tax is complicated. We handle the timing and treatment of a pending or resolved claim, so you claim it in the right year and get back as much as possible.
Worthless & Abandoned Tokens
Dead tokens and delisted coins. We assess whether the worthlessness or abandonment position is available to you for tax purposes.
Theft vs Capital Loss Treatment
We determine which taxation category your crypto loss belongs in, aiming to find deductions where possible.
Cross-Border Loss Reporting
For clients with obligations beyond the US, we report across jurisdictions, including the US, South Africa, Australia, Canada, the UK, Germany, and Spain.
// EXPERT SKILLS
Why crypto investors with crypto losses hire CountDeFi
Nobody wants to lose crypto and then lose the tax deduction too. People come to us for a few plain reasons. They want every dollar of relief the rules allow, because a real loss left unclaimed is money gone twice. They want it done right, so a claim doesn't collapse under scrutiny or resurface as a problem later. They want to stay off the audit radar, since an aggressive or miscategorized loss is exactly what draws attention. And they want all of it without a CPA bill that rivals the relief it delivers. That is what we do. We reconstruct the loss, settle the treatment that actually applies, claim it in the right year, and price the work so it costs less than it returns. You tell us what happened, and you get back a clean, well-supported claim.
// TAILORED PRECISION
Why tax software can't handle a loss claim
Tax software is a great starting point, but a loss claim is a judgment, not a data import. Software is not the problem. Koinly, for example, is a genuinely good platform, which is exactly why we use it and why we're Koinly's #1 Global Accounting Partner. But no engine, however capable, can decide whether your loss is a theft, a capital loss, or a bankruptcy claim that isn't ripe yet, or defend that call to the IRS. That decision moves your outcome more than anything else does. So we handle that part ourselves: we reconstruct what was lost, determine the correct tax treatment, and time the claim. If you already have a Koinly portfolio, we can work directly from it.
// WORK WITH US
How to work with CountDeFi on your
crypto tax losses
At CountDeFi, we use our proprietary Precision 7 System to take you from data chaos to crypto tax clarity. We collect data from all of your wallets, exchanges, and platforms, reconstruct what was lost, settle the treatment, and prepare a complete tax position.
It starts with a free 15-minute consultation to discuss what happened and recommend the right approach and pricing plan. We work remotely with clients across the US and globally.
// Trustpilot testimonials
Real reviews from crypto investors like you
Caleb
They worked with me on all of my transactions at a better price than most other companies.
5 Star Review | April 13, 2026
Tim S
CountDefi did a great job at reconciliation and I recommended them for their dedication to detail. The IRS schedule forms they provided in their reports were pivotal to filing my taxes smoothly.
5 Star Review | Jun 03, 2026
Alex W
Given the complex nature of cryptocurrency transactions, calculating taxes is extremely difficult. This has been a major problem for me in previous years and CountDeFI is a life changing solution for me! The entire process is extremely surprisingly smooth.
5 Star Review | Jan 29, 2025
Frequently asked questions
Can CountDeFi help with crypto lost on FTX, Celsius or another bankrupt exchange?
I lost crypto to an investment scam. Can CountDeFi help with the tax claim?
Yes. CountDeFi provides crypto bankruptcy tax accounting for investors with assets or claims tied up in failed exchanges and platforms.A bankruptcy is not automatically a tax write-off. The IRS says that when digital assets are frozen or tied up in bankruptcy proceedings, you generally cannot claim a loss simply because their value has fallen or access has been lost. A recognizable gain or loss may arise later when the bankruptcy is resolved, depending on what you receive and what happens to your original assets or claim. We reconstruct your original holdings and cost basis, document distributions and recoveries, and calculate the tax treatment when the relevant loss or disposal becomes recognizable.
Yes. Crypto scam loss accounting requires more than showing that money disappeared. The tax treatment depends on what happened, how the scam operated, whether the loss qualifies as theft under applicable law, whether the transaction was entered into for profit, and whether there is a reasonable prospect of recovery. Current IRS guidance confirms that certain financial-scam losses can qualify for a theft-loss deduction under Section 165 when the required conditions are met. Ponzi-type investment schemes have separate IRS guidance and an optional safe-harbor procedure where the requirements are satisfied. CountDeFi reconstructs the investment and loss history and prepares the crypto accounting needed to establish what was invested, what was recovered and what remains lost.
My wallet was hacked or drained. Can CountDeFi reconstruct what I lost?
Is a crypto scam loss the same as a capital loss?
Yes. Crypto theft accounting starts with proving what actually left the wallet. We use wallet addresses, blockchain records, exchange histories and available supporting evidence to reconstruct the stolen assets, acquisition history and cost basis. We then assess the transaction history against the applicable tax treatment. Not every missing asset produces the same deduction, and the IRS distinguishes qualifying investment-related theft losses from personal losses. For a complex wallet drain, the accounting record is often what turns a list of suspicious blockchain transactions into evidence your CPA or tax professional can actually use.
Not necessarily. This distinction can change the tax result. Selling crypto for less than its basis generally creates a capital loss. A qualifying theft arising from a transaction entered into for profit can instead fall under the theft-loss rules. Certain Ponzi-type investment schemes have their own IRS safe-harbor procedure. Other scams may not satisfy those requirements at all. CountDeFi's crypto loss accounting looks at how the loss happened, rather than automatically labelling every failed investment a capital loss or every scam a theft loss.
Can I claim a tax loss for crypto tokens that are worthless?
What if I might recover some of the stolen or bankrupt crypto later?
Possibly, but a token falling 90%, 99% or even losing its liquidity does not automatically make it worthless for tax purposes. The IRS distinguishes an asset that has declined dramatically in value from one that has become completely worthless. The timing and available deduction also depend on the applicable tax rules for the year involved. CountDeFi can reconstruct the basis and transaction history, establish what happened to the asset and prepare the accounting needed for your CPA or tax professional to determine the appropriate reporting position.
Potential recovery matters. For theft losses, the IRS considers whether there is a reasonable prospect of recovery when determining whether and when a loss can be claimed. Bankruptcy proceedings create a similar practical issue because the final economic loss may not be known until distributions or settlements occur. Our accounting tracks the original basis, amounts lost, claims, subsequent recoveries and distributions so that the tax reporting reflects what actually happened rather than assuming the entire original balance disappeared permanently.
How much does crypto loss, theft and bankruptcy accounting cost?
Does CountDeFi charge by the hour for crypto loss accounting?
CountDeFi's published crypto accounting plans start at $695 for up to 500 transactions. Standard is $1,695 for up to 3,000 transactions, Premium is $2,995 for up to 5,000, Expert is $4,495 for up to 10,000, and Degen is $5,995 for up to 15,000 transactions. All plans are billed in USD. The right plan depends on the amount of reconstruction required as well as transaction volume. A single exchange failure with complete records can be considerably simpler than a wallet drain involving several chains, missing acquisition records and years of DeFi activity. Every CountDeFi plan includes software fees, transaction reconciliation, missing-data analysis and a complete crypto tax report. See CountDeFi pricing and plans.
No. CountDeFi does not use open-ended hourly billing for its standard crypto tax accounting plans. Our published plans are based primarily on transaction volume, with complexity considered when determining the appropriate engagement. That gives investors with a scam, hack or bankruptcy problem a clearer idea of the accounting cost before reconstruction begins. Plans start at $695, and include the reconciliation and completed tax report rather than charging separately for crypto tax software.
What is included in CountDeFi's crypto loss accounting service?
Can CountDeFi work with my CPA on a crypto theft or bankruptcy claim?
The work starts with the records behind the loss. Depending on the case, we can reconstruct holdings and cost basis, trace wallet and exchange activity, identify transfers, document stolen or inaccessible assets, reconcile recoveries or bankruptcy distributions and calculate the resulting tax position. Your CountDeFi plan includes transaction reconciliation, missing-data analysis and a completed crypto tax report. US plans also include Form 8949 and Schedule D reporting where those forms are relevant to the transactions being reported. The goal is a defensible accounting record showing what you owned, what happened to it, what you recovered and how the resulting tax figures were calculated.
Yes. You can keep your existing CPA or tax attorney and use CountDeFi for the specialist crypto loss accounting and transaction reconstruction. We handle the blockchain-heavy work: tracing transactions, rebuilding cost basis, reconciling wallets and exchanges, documenting the loss and preparing the supporting tax calculations. Your CPA or tax professional can then use that work when preparing the return or determining the final filing position. This is particularly useful for theft, scams and bankruptcies because the tax question often cannot be answered properly until the underlying crypto accounting has been reconstructed. One thing I would not say anywhere on this page is simply “we tell you what can be claimed now.” The current IRS position is more nuanced than that, especially after its 2025 scam guidance. The stronger proposition is that CountDeFi reconstructs and documents the loss so the appropriate treatment can be established and supported.
