Cryptocurrency Scams
We’ve all heard stories of people making huge amounts of money investing in cryptocurrencies.
But where some have made a killing, others have lost an awful lot of money — you only need to look at the volatility in the price charts to see that. Worse still, some customers who ‘invested’ never had the chance to make money, as they lost everything to a cryptocurrency scam.
Investing in the crypto market is in itself highly risky, and should be approached with caution. But if you do dip your toe into crypto, it’s important to recognise that it’s also fraught with danger and riddled with lots of illegitimate websites and scams. Look out for blogs, where we will be talking about the common crypto scams we see.
What to do if you have lost money due to cryptocurrency fraud
Verida AFI is most often contacted about cryptocurrency fraud.
In many cases, we can help, especially if the money was originally transferred into cryptocurrency from a bank account. We are a regulated claims management company, if you need help tracing and disputing cryptocurrency fill in the form, we will contact you.
If you would like more information on how crypto fraudsters work, check out our blog articles on crypto fraud.
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crypto scams
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I lost money due to cryptocurrency fraud. Can Verida AFI help?
You can try to contact us, for this you need to have a proof base, access to the e-wallet or exchange from which you sent funds, so that we can detail the trace of the funds and after determining their actual location we can prepare a claim to challenge and recover your assets.
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Don't do it!!! If someone asks you to set up a wallet to send money to their wallet, it's most likely a cryptocurrency investment scam. Usually legitimate platforms (e.g. Kraken, Coinbase, Binance, Crypto.com, Moonpay) are used. You have the right to file a claim through us if you encounter such a situation, we will be able to trace and dispute your funds.
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What should I do if I have lost money as a result of investment fraud?
If you have lost money as a result of investment fraud, Verida AFI can help you recover money from your bank and you can fill out our fraud claim form for advice. Our fee is between 5% and 15% plus VAT depending on how much money you get back, and we take nothing if we are not successful.
