Crypto Scam Recovery: Can You Recover Funds After a Scam?
Beginner
Crypto
Sep 13, 2023
9 min read
Each year, people lose over $1 billion worth of crypto to scams. Because crypto is so anonymous and unregulated, it's easy for scammers to take advantage of others. Unfortunately, getting your lost or stolen cryptocurrency back can be tricky. Whether or not crypto scam recovery is possible usually depends upon the type of scam and the type of crypto. If you've lost funds in a scam, here's what you need to know about crypto scam recovery.
Key Takeaways:
- Crypto scams are a common type of financial crime that involve using deception to trick crypto owners into sending scammers crypto, or trick them into revealing their personal information so scammers can steal their crypto.
- Crypto scam recovery is a service that works to help you get your money back. When you work with a crypto scam recovery expert, they'll help you report the crime to the correct officials and pursue litigation or other methods for recovering lost assets.
- Whether or not you can recover lost crypto assets will depend upon a few factors, such as the nature and scale of the scam, the available evidence and the legal jurisdiction.
What Are Crypto Scams?
Crypto scams are a common type of financial crime. They involve using deception to steal a person's property. Scammers employ a variety of methods to trick crypto owners into sending them crypto, or revealing personal information that can be used to steal their crypto.