Crypto scams are a new type of scam, targeting the new generation of cryptocurrency users who are excited about cryptocurrency. These fraudsters will impersonate a legitimate, reputable company while luring potential victims into their trap. Crypto scammers will send phony emails in the guise of cryptocurrency companies or other cyber-criminal entities that purport to offer their victims cryptocurrency for a small fee. Once the victims make the decision to buy the purported cryptocurrency, the scammers will ask for payment in order to deliver the product or service promised.
As is the case with the crypto scam mail scam, scammers will often make reference to secure methods of transfer and believe that the victims will not question their promises.
What is a Recovery Company?
According to the Anti-fraud Forum at FOSDEM 2015, the recovery industry is both a resource and a commodity. It is a resource because recovery companies will provide the tools that you will need to help you recover your money from a scam. However, it is a commodity because the companies will never steal your money but rather receive it back from the bad guys.
The different levels of organizations that provide the recovery services include:
Legitimate Interest-Based Consumer Protection organizations:
Lawyers are used by most legitimate organizations to assist clients in recovering money that has been defrauded.
Why Choose a Recovery Company?
Fund recovery companies such as Crypto Trace offer benefits above and beyond the ones offered by online exchanges. Firstly, you are covered by a limited personal liability policy in the event that your recovery is not successful. Secondly, the recovery process is faster than exchanges, and you can withdraw your funds in hours instead of weeks. What’s more, it also gives you the opportunity to increase the balance in your trading account, if you decide you would like to leave it at that and continue trading.
Advantages of Crypto Trace
Crypto Trace brings money back to the people who have been robbed of their funds without having to involve the legal system. This is done with funds being recovered through means of transparency and security.
Tips for Recovering Your Stolen Funds:
Not every recovering company will deliver funds back to you in this exact way. Some entities will turn out to be scams and they’ll trick victims into sending money to them. Be cautious of what you post online, where you register your account and how many times you log in in one day. So it’s important to take the time to research and look for services you believe in. This is why we recommend you choose the one and only crypto trace – a crypto currency recovery company which has the necessary expertise and resources to take care of your recovery procedure. With that said, be sure to verify that they are a legitimate company and that the people behind it are genuine.