Cryptocurrency Recovery
Track down your investment and get what you need to build your case for recovery.
Getting To Know
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.
How to identify a scam
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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.
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Promises of high return
A lot of 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.
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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 red flag.
Meet the specialists by your side
Recovering over £35,000,000 for clients like you
Over the past 3 years, we’ve recovered more than £35,000,000 for our clients. It’s thanks to our team of solicitors and recovery claim specialists who trace and recover the investments you’ve lost from scams. Plus, we offer a no-win, no-fee service. You won’t pay a thing unless we recover your money.