Bitcoin & Cryptocurrency Scams - Get your money back!
If you've been ripped off by scammers, get in touch and our team of experts will work to get your money back!
Cryptocurrency Scams: Recover Your Lost Funds
No matter how hard governments try to regulate it, the Cryptocurrency industry is still alive and kicking. Since the topic is quite ambiguous to the general public, frauds use it to scam people out of their money, with what looks like a genuine investment opportunity. If you fell into a Cryptocurrency scam, please contact us now. Although it is extremely difficult to recover money from Crypto scams, we will give you our honest evaluation of your case, and if possible, we will give it our best effort to recover your money!
Recover Your Money
Secure a free consultation. If your situation is urgent, please call us at +1 (929) 488 7262
The first step to protecting yourself from frauds or scams is to be knowledge of the threats. But hope is not lost, if you have been scammed. Read on to learn about the most common cryptocurrency scams and how we can help.
Cryptocurrency has quickly become one of the most fascinating and volatile financial asset classes in the markets. As an investment, Bitcoin has had one of the highest returns in history. Bitcoin was created when the first significant impacts of the Great Recession were felt. Bitcoin was designed to be a source of value and a medium of trade, a decentralized virtual currency with a truly fixed supply to combat the rampant money printing by central banks. Bitcoin can be decentralized because of the blockchain technology and the distributed ledger.
Bitcoin
Bitcoin is by far the most important type of digital currency, not just in name recognition but by institutional adoption in the finance world. Bitcoin regularly fluctuates between representing 55 to 65% of the total cryptocurrency market capitalization. As an investment vehicle, Bitcoin received its first Futures contract by the CBOE (Chicago Board Options Exchange) and the CME (Chicago Mercantile Exchange) in December 2017. Perhaps the most important event for Bitcoin as an investment vehicle occurred in July 2020 when the US OCC (Office of the Comptroller of the Currency) granted all chartered banks in the US ability to provide custody services for cryptocurrencies.
Ethereum
Ethereum is a second-generation blockchain and cryptocurrency. It is also the second most valuable cryptocurrency in the world. Ethereum is the most important ‘altcoin.' Altcoins are every cryptocurrency that is not Bitcoin. Where Bitcoin is a source of value, Ethereum is more of a decentralized network platform – upon which thousands of cryptocurrency types are created using smart contracts. Ethereum has a market cap roughly valued at 1/3rd of Bitcoin. Ethereum is only the second cryptocurrency in the US to be granted a futures contract from the CME – which occurred in February 2022.
Ripple
Ripple has been one of the more popular cryptocurrencies between 2018 and 2020. Ripple was intended to become a replacement for the SWIFT system for transfers payments. However, Ripple is an excellent example of cryptocurrency fraud. While Ripple used to command the third highest market cap globally for all crypto, it came under heavy scrutiny by the US SEC in late 2020. While litigation remains ongoing, Ripple is charged with an unregistered securities offering, insider trading, and investors' deceiving. Ripple's chief officers regularly told the public they were bullish on Ripple while dumping billions on the open market. Ripples officers also sold large ‘blocks' of Ripple to cryptocurrency investors at deep discounts – who in turn sold those blocks on the open market for a guaranteed and quick profit. Ripple helped to make the public aware of the dangers of a virtual currency scam.