Have You Been a Victim of Crypto Fraud?
Our specialist crypto fraud solicitors are dedicated to pursuing those responsible for stealing your cryptocurrency.
Free Initial Discussion
For a no-obligation consultation, call our expert crypto fraud solicitors today on +44 (0)20 7583 8392 or use our contact form, and we will get back to you promptly.
What is Cryptocurrency?
Cryptocurrency, such as Bitcoin and Ethereum, is a digital currency created using encryption algorithms. It offers benefits like quick and straightforward money transfers. However, digital assets are vulnerable to theft, misuse, and money laundering.
As the popularity of cryptocurrency grows, so does the incidence of crypto-related fraud. Action Fraud reports that in 2022, crypto scams increased by 72%, resulting in over £329 million in losses.
What is Crypto Fraud?
Cryptocurrency offers unprecedented opportunities for fraudsters. As digital assets and blockchain technologies have developed, criminals have continued to develop elaborate methods to scam their victims; that is why we are keeping pace in adapting legal strategies and countermeasures against this rapidly evolving threat.
Crypto fraud often involves schemes that promise high returns on investments or mining. These scams are frequently advertised on social media, offering quick and easy returns to steal your money or personal information.
Common Signs of Crypto Scams
There are several common signs of cryptocurrency fraud:
– Promises of profits, especially in a short timeframe
– High-pressure sales tactics
– Cold calls or unsolicited social media contacts
– Insistence on cryptocurrency payment
– Lack of company information
What Should I Do if I’ve Been a Victim of Crypto Fraud?
If you’ve been a victim of crypto fraud and your assets have been stolen, there are several steps you can take to recover your assets:
– Arrange for your devices to be checked to ensure the fraudsters no longer have access
– Change your passwords immediately
– Instruct an experienced solicitor on your behalf
– Report the matter to the police
– Report the matter to Action Fraud
– Engage one of our blockchain analyst to trace your assets
– Report the matter to a regulator if a regulated entity is involved
Do I Have to Pay for Legal Representation?
Yes. However, if the person responsible for the fraud or accounts that they control can be traced, which they often can (given the publicly distributable nature of the blockchain), your costs can be recouped from them or the accounts they control. Our experienced fraud prosecution lawyers will guide you through your options and the process (link to PP process page).
We’re able to pursue innovative civil strategies to recover your stolen assets and, where possible, prosecute the individual(s) responsible.
How Edmonds Marshall McMahon Can Help Recover Your Stolen Crypto
Edmonds Marshall McMahon is one of the most experienced law firms in the country. We have a proven track record in:
- tracing, freezing and, most importantly, recovering crypto assets and have secured landmark rulings from the High Court, against suspected fraudsters, recovering large amounts of frozen crypto assets; and
- collaborating with police, investigators, and regulated global cryptocurrency exchanges, to trace and recover your crypto-assets. See here.
As specialist fraud lawyers, we’ve been at the forefront of the legal developments in tracing, identifying, and recovering the assets of victims of crypto scams. Given our firm’s unique and established background as private prosecutors, we’re able to use our specialist investigation team to broaden the scope of enquiries. Thus, maximising the chance of identifying recoverable assets and making use of the Court’s powers to compel banks and crypto exchanges to produce information, which can be used to track down and freeze accounts, pending action for recovery.
Our cases often extend beyond the borders of the UK, and we have a successful track record of identifying and recovering assets from international jurisdictions such as the British Virgin Islands and the Seychelles.
If you’re looking to recover stolen crypto, contact us today
Call us for a free and confidential consultation with a specialist, cryptocurrency solicitor, on +44 (0)20 7583 8392.
Alternatively, complete our online contact form, and one of our solicitors will be in touch.
Edmonds Marshall McMahon provides legal support to clients both in the UK and globally.
