How to Report a Crypto Scams

Cryptocurrency can be an exciting way to use, make and trade money, but unfortunately, the number of crypto scams poses a huge risk. Fraudsters behind bitcoin scams are getting cleverer at disguising themselves as legitimate opportunities. It can be easy to be taken in. 

Fortunately, the chances of crypto recovery are increasing. At Broker Complaint Registry, we guide customers through the recovery process and help them retrieve their funds from crypto trading scams. 

The key to crypto recovery is filing a successful claim. Digital currencies can be bewildering and of course fraudsters can be tricky. That’s why it’s crucial to consult with crypto recovery professionals and find out how to make a compelling claim that will help you retrieve your funds.

How Do You Know You’re Dealing with a Crypto Scam?

Crypto scam victims are often like the proverbial frog in not water They may not realize they are being boiled alive until it’s too late. 

It’s easy to be attracted to what seems to be a real investment opportunity because of guaranteed returns and huge bonuses. Since many crypto platforms and brokers aren’t licensed, it’s easy to dismiss the lack of a license as not a big deal. 

However, it is–the vast majority of scam victims we work with have accounts with unlicensed exchanges and brokers. If your account is with an unlicensed financial entity, you are already taking a risk. If they charge exorbitant fees and try to pressure you to deposit more money, that’s also not a good sign. 

However, the real way of knowing for sure that you’re dealing with crypto currency scams is when they make every excuse under the sun to avoid honoring withdrawal requests. At that point, it’s important to file a complaint and seek guidance immediately.

Consult with Crypto Recovery Experts

Can you fly solo with the crypto recovery process? Many people try, but even if they are knowledgeable about cryptocurrency, they aren’t likely to have practical experience with the crypto recovery process. 

What complicates fund recovery from the blockchain is that crypto wallets are anonymous. There are no names or addresses attached to them. Broker Complaint Registry uses exclusive technology and bitcoin forensics processes to trace the path of your funds and discover which wallets are holding them or where they were cashed out. 

Time is of the essence when it comes to tracking down crypto scams. That’s why it’s important to consult with fund recovery experts right away. Since the blockchain, unlike banks, are never closed, money can be laundered on the blockchain with dizzying speed. That’s why acting fast and consultin with crypto recovery experts is essential.

Gathering Information 

To help the professionals track down your funds, gather as much relevant information as possible. This involves obtaining copies of account records, screenshots of communications with the suspected bitcoin scams, and images of ads and web content to show they made misleading claims and false guarantees.

How Do Professionals Track Down Crypto Scams?

Fund recovery experts use a combination of crypto trace software and forensics investigation methods to determine the path of funds through the blockchain and to discover where funds have been cashed out. 

In addition, a thorough investigation can produce names and addresses and help identify persons of interest involved in the crypto scam.

What is a Crypto Report and Why Is It Important?

Following the crypto investigation process, the next step is to create a crypto report tracing the path of the financial crime and displaying information that will give the authorities leads to solving the crime. 

Crypto recovery professionals will create a crypto report that you can bring to law enforcement, government agencies, or to courts to prove what happened and who has your funds. With crypto reports, you can make crypto recovery a reality.

If You Need Fund Recovery from a Crypto Scam, talk to Broker Complaint Registry

If you have an account with a broker you suspect may be a scam, close it and request a withdrawal. If you are not given your money back, contact Broker Complaint Registry right away. We will consult with you, work to track down your funds and create investigative reports, and will assist with fund recovery efforts.