Bitcoin and Cryptocurrency fraud, theft and investment scams
In 2021, losses from crypto scammers and fraudsters were estimated to have cost a record $14 billion – if you have lost £50,000 or more, we can help
Boasting of potentially sky-high financial returns, the trading of cryptocurrencies and the investment in NFTs have appeared to be very attractive ‘investment’ opportunities in recent years.
Whilst some people have genuinely benefitted from opportunistic (lucky) investments in this sector, a sizeable chunk of the profits that are claimed to derive from such investments are fictitious, promoted by scammers, trying to snare new victims.
A Common Problem
We have recently been inundated with enquiries from victims of crypto scams. Typical crypto scams include (to name only a few):
- romance frauds;
- celebrity fake endorsements;
- blackmail or extortion;
- phishing;
- mis-selling of investment schemes; or
- theft of currency from an online wallet.
We explain the above scams in more detail in our Q&A section (below), but if you are still unsure, please contact us to discuss it further.
We Can Help
Whilst it has traditionally been difficult to locate stolen cryptocurrency, for example, it is not impossible and advances in the technology used by tracing agencies have helped. Further, recent landmark judgments in the English courts have made it possible to seize stolen crypto assets with increasing certainty (a crypto asset such as cryptocurrency or an NFT is now confirmed to be ‘property’ under English law).
In order to help the victims of fraud, we provide an easy to access, easy to use, legal advice and representation service, providing (where we can) fixed costs for each stage of the investigation and recovery process. We work in conjunction with leading specialist crypto barristers and tracing agents.
How can we help?
Please fill in the form and we’ll get back to you as soon as we can
Costs
In order to help the victims of fraud, we provide an easy to access, easy to use, legal advice and representation service, providing (where we can) fixed costs for each stage of the investigation and recovery process. We work in conjunction with leading specialist crypto barristers and tracing agents.
Please note that we are only able to act on cases whose value exceeds £5,000, due to the costs inherent in this type of litigation.
Further, due to the nature of such cases, we are unable to offer a contingency “no win-no fee” type funding agreement.
Recent Work
Most recently, successfully recovering £300,000 of Bitcoin, Ethereum and Algorand from suspended funds. In this case, the client commented:
“Thank you very much. I really appreciate the help.
There is probably a fine line between fear and respect. You certainly have my respect.”
Frequently Asked Questions
What are common Crypto Scam
What are warning signs of a potential scam?
- A guarantee that you’ll make money: don’t believe such promises as they indicate a scam, even if there’s a celebrity endorsement or testimonials, since these can be easily faked.
- Big payouts with guaranteed returns: “Guaranteed” returns are a big red flag.
- Free money: Whether in cash or cryptocurrency, free money promises are always fake.
- Big claims without details or explanations; be very skeptical about such claims.
Contact us
Our expert fraud solicitors recover high-value lost assets for clients across the globe and will be happy to have an initial discussion with you, at a time to suit you, to work out how best we can help.
Call us on 0203 488 4064 or make an enquiry online.