Cryptocurrency Scam Recovery

Despite the improvements in regulations and enforcement in the cryptocurrency market in recent years, there is still a large number of traders and investors falling victim to cryptocurrency scams. 

Scammers are always on the lookout for ways in which to steal your money and with the huge expansion in cryptocurrency, there are now plenty of opportunities for traders to fall victim to cryptocurrency scams. There are many common crypto scams which, sadly, a number of traders fall victim to. With our cryptocurrency scam recovery services, depending on how you lost your crypto funds, our team of UK-based legal experts can begin the process of tracing and recovering your lost funds. 

Call now on 0203 695 9239 or arrange a FREE consultation and start recovering your losses.

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What Is A Cryptocurrency Scam?

Cryptocurrency scammers are using both old and new techniques to steal funds through cryptocurrency scams. As always, where money is concerned, scams will likely follow and this is the same with cryptocurrency. Cryptocurrency scams often aim to gain private information, such as security codes or sensitive information, or trick an investor into sending cryptocurrency. 

Crypto scammers will often use fake trading platforms as a way of enticing traders to make investments in unusual ways, such as depositing large amounts or going for particularly big and expensive coins, such as Ethereum or Bitcoin. Although the trading platforms have been created by scammers and are fake, crypto scammers encourage clients to buy legitimate cryptocurrency from legitimate exchanges. We don’t rely on information from scammers, but instead, use the Blockchain to unravel where the property has gone.

This is often where a lot of confusion is caused by other recovery solicitors, who will simply go to the bank and request a chargeback, however, as the crypto lost as a result of the crypto scam has gone to a legitimate end destination, the banks don’t always have a duty of care in place. This means that often, they won’t grant a chargeback. 

At Wealth Recovery Solicitors, we operate differently from other recovery companies, with good processes in place. We don’t simply just speak to your bank on your behalf to request a chargeback or use CRM and APP codes and neither do we use free tracing technology to try and find the destination of the crypto lost as a result of a cryptocurrency scam. 

Free platforms such as Blockchain Explorer or Etherscan which are used for free tracing are highly unreliable and won’t always provide you with the results required in order to trace the final destination of your crypto and recover your lost funds. Instead, we use our dedicated technology and expertise to trace and recover crypto, with the facility to trace over 100 different coins.

Recovery of crypto

Approaching WRS I really did think I had no chance of ever seeing my money again. So many people had told me that because I had transferred to the scammers using crypto it was gone forever. Using their legal expertise and in particular Josh Chinn’s advice and tactical excellence I recovered the vast majority of my money back. Still can’t believe it. Fully recommend WRS.


I was thoroughly impressed with the service

I was thoroughly impressed with the service provided by WRS. They understood exactly what my needs were and helped me recover the money I had lost to fraudulent websites. I would fully recommend the team at WRS, particularly Josh Chinn who was instrumental in assisting throughout the process.


WRS were a marvellous company to deal with …

WRS were a marvellous company to deal with. I had lost my money to unscrupulous forex company a year before I contacted them. They were able to achieve a return of some. Very efficient and understanding team to work with. Thank you so much Josh and Simon.


Signs Of Crypto Scams

With cryptocurrency scams, often the sooner you spot and identify that you have been a victim, the easier it is to recuperate any lost funds. There are some ways in which you can spot the signs of common crypto scams and if you want to avoid falling victim to these scams again or in the future, learning more about the signs is the best approach you can take.  

Promises Of High Returns

A lot of cryptocurrency scammers will promise you the world in terms of returns if you invest with them. If something seems too good to be true, then it usually is, so always do your research into the promise of high returns.

Asking For Fees To Release Funds

Another common identifiable trait of a crypto scam is if you are asked to pay management or administrative fees, tax payments or “release funds” for the investor to release the funds back to your wallet. If someone you’ve traded with is asking for additional fees to release your funds back to you, then this is a sign of a crypto scam. Usually, in this case, the investor has used your investment to then go on and make their own, typically losing funds in the process, or just want to make additional funds on top of those they’ve already made.

Making Unusual Trading Requests

If an investor is asking you to make unusual trades or investments, such as only investing in certain, large coins, or depositing big amounts at once, then this can also be a sign of a cryptocurrency scam.

Confidential Support

If you fall victim to a cryptocurrency scam, then we understand that you may feel embarrassed or have a lack of confidence in making investment decisions again. We’re here to reassure you that there is no embarrassment involved in being the victim of a crypto scam, however, we offer confidential advice and consultations as part of our services. 

The more investors who stay quiet about falling victim to cryptocurrency scams, the less that can be done about them for future investors, but that doesn’t have to be the case. With the support of a trusted and experienced solicitor, we may be able to help you recover funds from cryptocurrency scams and bitcoin trading losses. 

Contact WRS Today 

If you believe that you have been the victim of a cryptocurrency scam, then we urge you to contact our friendly and knowledgeable team who can offer you confidential advice. We understand that being the victim of a cryptocurrency scam can be tough to handle, but we hope that our support, action and guidance can enable you to recover lost funds and regain a sense of confidence and security in making trades and investments online.

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