Are you a victim of investment scam? Report to us, so we can help you get a refund. Contact us for free consultation
Bitcoin Scam
As Bitcoin adoption grows, more scammers attempt to trick honest people into giving away their cryptocurrencies under false pretenses. As a result, it’s critical to understand the methods used by online criminals – and how to avoid falling into their trap.
Types of Bitcoin Scams.
- Investment scams: One of the most recent Bitcoin scams involves fraudulent startups and sham cryptocurrency-adjacent ideas (such as an Investment platforms, Initial Coin Offering or Non-Fungible Tokens) that criminals create in order to steal money from people, only to fail soon after. There are legitimate ways to invest in cryptocurrency projects; however, scammers take advantage of this opportunity to steal money from their victims.
- Social- Engineering Scams: Scammers use social engineering to gain the trust of potential victims by pretending to be someone honest and trustworthy. They will usually pose as a bank representative or a distressed family member and request a Bitcoin transfer.
- Phising Scams: Scammers will create sham websites or send fake emails to trick people into giving away their cryptocurrency in what appears to be a normal Bitcoin transfer – when, in fact, the victim is sending a large sum to fraudulent users.
- Blackmail Scams: Scammers will also send emails to potential victims in order to extort them under false pretenses. Criminals will frequently claim to have a recording of the victim in order to carry out the extortion.
What should I do if I am a victim of scam?
The first thing you should do is break contact with a scammer. If you keep talking to them, they will usually try to get more money from you. Then, you can try to get your money back by reporting the issue to us so we can try to help you get your money back. Simultaneously, you should try to inform your friends and post on multiple websites in order to inform others about the scam and to hurt scammers by informing others about their methods.
How do I reclaim my money?
Fortunately, recovering your money after falling victim to a Bitcoin scam is very realistic and possible. We can read the blockchain history of your transaction and trace the real recipient of the bitcoin, hence, we can enforce a refund.
If you transferred your funds through centralized exchanges like Binance or eToro, you could request a refund. Because of this, most scammers avoid using these platforms; instead, they prefer P2P methods that cannot be traced or refunded. Nonetheless, we have tools and resources capable of tracing them in all types of cases.
How do I report a scam?
If you fall victim to a Bitcoin scam, you should report it to us as soon as possible so that others do not fall victim to the same scam. Fill out this online form to submit a report. Make it as explanatory as possible.
It is critical to speak out against scammers. As a result, more people will be aware of new criminal tactics and will be less likely to fall victim to a scam and lose money.