Fraudulent individuals may entice investors by claiming to offer a profitable cryptocurrency trading platform, sometimes even offering additional bitcoin as an incentive. However, these promises are false and the investor may not realize they have been deceived until they have lost their funds.
Given that cryptocurrency transactions are verified through blockchain technology and are not subject to oversight by financial institutions, recovering stolen funds can be difficult. It is advisable to use reputable cryptocurrency exchanges, such as Coinbase, Crypto.com, and Cash App, to avoid falling victim to a fraudulent exchange. It is important to conduct thorough research and review industry sites for information on the exchange’s reputation and legitimacy before providing personal information.
Free legal advice
If an individual does fall victim to a scam and loses funds, they should immediately report the incident to the relevant authorities and seek legal advice. Depending on the specific circumstances, the individual may be able to file a complaint with the Federal Trade Commission (FTC) or the Securities and Exchange Commission (SEC) for fraud. Additionally, they may be able to take legal action against the fraudulent exchange in an effort to recover their lost funds.
If you are a victim of such a scam and are in need of legal representation you can contact us via email at office@defendme.global or via the contact form on our website defendme.global and ask any questions that you might have.