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How to Spot a Crypto Scam
These are the most common red flags reported by crypto scam victims. If you recognise any of these signs, contact WRS for a free case assessment.
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Promises of guaranteed or unusually high returns
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Pressure to act quickly or pay additional fees
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No FCA registration or unverifiable platform
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Blocked withdrawals or disappearing contacts
What Should You Do If You Have Lost Money to a Crypto Scam?
Report the scam to Action Fraud and your bank immediately
Gather your evidence
Speak to a specialist crypto scam recovery solicitor
Start your claim
Can You Recover Money Lost to a Crypto Scam?
Yes, in many cases it is possible to recover money lost to a crypto scam. WRS has recovered more than £50,000,000 for clients who lost money to fraud. Recovery depends on how funds were transferred, the platform involved, and how quickly you act.
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Recovery through your bank and the Financial Ombudsman Service
If funds were transferred from a UK bank account, the bank may share responsibility for failing to identify known fraud warning signs. WRS can raise complaints directly with the bank and escalate matters to the Financial Ombudsman Service if reimbursement is refused. This route does not depend on identifying the scammer.
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Civil legal action and court-based recovery
Where linked individuals or companies can be identified, WRS may pursue civil legal action to recover funds. This can include freezing orders, disclosure applications, and legal proceedings through the courts. Our solicitors manage the process on your behalf from start to finish.
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Cryptocurrency asset tracing
Cryptocurrency transactions leave permanent blockchain records. WRS uses specialist tracing tools to follow stolen digital assets across wallets and exchanges. Learn more about our Cryptocurrency Tracing Services and how forensic investigations support cryptocurrency scam recovery claims.
How Wealth Recovery Solicitors Recovers Your Crypto
Why Choose Wealth Recovery Solicitors?
Here is why thousands of clients have trusted WRS with their cryptocurrency scam recovery.
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Over £66,000,000 recovered for clients like you
WRS has recovered more than £50,000,000 for victims of cryptocurrency fraud, investment scams, and online financial crime. Our team combines legal expertise with forensic investigation techniques to pursue recovery through every available route.
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No win, no fee cryptocurrency scam recovery
There is nothing to pay upfront when working with WRS. We offer a genuine no-win, no-fee service for eligible claims. You only pay if your funds are successfully recovered.
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SRA regulated and Legal 500 ranked
WRS is regulated by the Solicitors Regulation Authority in England and Wales. Director David Jones is consistently recognised in the Legal 500 for fraud recovery expertise. These credentials matter when comparing legitimate crypto recovery companies in the UK.
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A specialist team with a proven track record
Our team includes solicitors, fraud specialists, and blockchain investigators focused exclusively on scam recovery. Every client receives direct support from a dedicated case handler throughout the process.
Meet the Specialists on Your Case
Your case will be handled by some of the UK’s most experienced cryptocurrency fraud recovery specialists.
Frequently Asked Questions
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Can you recover money lost to a crypto scam?
Yes, in many cases it is possible to recover money lost to a crypto scam. Wealth Recovery Solicitors has recovered more than £50,000,000 for clients who lost money to fraud. Recovery depends on how funds were transferred, the platform involved, and how quickly you act.
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How long does cryptocurrency scam recovery take?
Timelines vary depending on the complexity of the case and the recovery route being pursued. Complaints involving banks and the Financial Ombudsman Service may take several weeks or months. Civil litigation cases can take longer depending on the circumstances.
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What types of crypto scam does WRS handle?
WRS handles a wide range of cryptocurrency fraud matters including romance scams, phishing scams, impersonation fraud, pump and dump schemes, Ponzi fraud, NFT scams, and fake trading platform fraud.
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Do I need to have reported the scam to the police to make a claim?
No. A police report is not required to begin a claim with WRS. We do strongly recommend reporting the fraud to Action Fraud as this creates an official record and may support your case.
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How much does it cost to make a cryptocurrency recovery claim?
WRS operates on a no-win, no-fee basis for eligible claims. There are no upfront costs and no hidden charges. You only pay if your funds are successfully recovered.
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What is the minimum amount I need to have lost to make a claim?
WRS assesses every case individually. Contact the team for a free assessment and we will advise whether your case meets the criteria for recovery support.
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Can a crypto scammer be traced?
In many cases, yes. Cryptocurrency transactions create permanent blockchain records that can be analysed using specialist tracing tools. Acting quickly improves the likelihood of successfully tracing stolen funds.
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