Scams

Tips

What to do if you have been scammed

Here’s an alarming fact: 9 million people have fallen victim to financial scams in the past year alone. What does this show? For one, falling victim to a scam can happen to absolutely anyone. If you’ve been scammed, you’re likely feeling shocked, frustrated, or even embarrassed—but you’re not alone, and there are steps you can […]

What to do if you have been scammed
Here’s an alarming fact: 9 million people have fallen victim to financial scams in the past year alone. What does this show? For one, falling victim to a scam can happen to absolutely anyone. If you’ve been scammed, you’re likely feeling shocked, frustrated, or even embarrassed—but you’re not alone, and there are steps you can take to recover what’s yours. Keep reading to find out how.

What are crypto scams?

Crypto scams are fraudulent schemes that exploit the growing popularity of cryptocurrencies to deceive individuals and steal their money. Crypto scams can take many forms, with each scheme designed to deceive you in a different way. Some of the most common scams include:
  • Ponzi schemes: Scammers promise high returns on crypto investments but use money from new investors to pay earlier ones instead of generating real profits. Eventually, the scheme collapses when the scammer disappears with the funds.
  • Phishing scams: Scammers create fake websites, emails, or messages mimicking trusted sources, such as banks or crypto platforms. Their goal is to steal your login credentials or private keys, giving them access to your assets.
  • Romance scams: Scammers build online relationships to gain trust, then fabricate financial emergencies or ‘investment opportunities’ to persuade victims to send cryptocurrency.
  • Impersonation scams: Scammers pose as government officials, celebrities, or tech support agents, tricking victims into making crypto payments or sharing sensitive information.

The first steps to take after being scammed

We know how distressing it can be to realise you’ve been scammed. And it’s completely natural to feel overwhelmed in the moment. But, if you can, it’s important to try and stay calm. The following steps can be crucial to recovering your funds.

Save the information you have

If you've been scammed, you should save any information related to it. This includes:
  • Transaction IDs
  • Wallet addresses
  • Email communications
  • Screenshots
  • Any other relevant details you can gather
This information will be vital for investigations and potential recovery efforts. Also, stop all communication with the scammer immediately, and never share any further personal details.

What do you do if you’re receiving further scams?

If you think you’re being targeted again, be cautious and avoid responding to new messages. Scammers often target victims’ multiple times, so it’s important to stay vigilant.

Get in touch with WRS to recover your lost funds

We know how to get results for our clients. In fact, we’ve helped recover more than £50 million for fraud victims in the last three years. With a 4.8-star rating on Trustpilot, you can also expect superior customer service at WRS. Our UK-based specialists are on hand to provide reassuring, expert advice when you need it.

What is the cost to try and receive my crypto back?

We operate on a no-win, no-fee basis at WRS. So, you don’t pay a thing unless we successfully recover your funds. It means you can focus on reclaiming your lost funds without worrying about upfront costs. Get in touch with us today to discuss your case with no financial commitment.