Crypto Scam Recovery: How To Get Your Money Back When You Fall Victim
Crypto Scam Recovery: How To Protect Yourself From Crypto Scams
Cryptocurrency scams are getting more common. Now, significantly more than ever, people are looking for ways to recover their funds. These scams are specially common with ICOs. With the hype around cryptocurrencies, it's no wonder that so many individuals have fallen victim to these scams. However, there are a few things you can do for a recover stolen cryptocurrency if you've fallen victim to a crypto scam.
What's Crypto Scam?
The cryptocurrency market has been booming in recent months. With the price tag on Bitcoin skyrocketing, it's no wonder that people are looking to invest their profit this new currency. While there are many legitimate services out there, additionally, there are many scams. We'll cover the various kinds of scams and steer clear of them, but first let's define what a fraud is.
Crypto Scams are defined as someone using false information to convince one to invest profit something that is not real. As an example, scammers could contact you with a chance to choose cryptocurrency that isn't real. They would then look for your banking account information for them to send you the cash you've invested.
One other form of crypto scam is called phishing. This is whenever you receive a contact asking you to click a link or provide your personal information so you can receive something.
Why Cryptos?
In regards to cryptocurrencies, the definition of “crypto scam” is thrown around a lot. It could be difficult to discern what's real and what's not. A lot of times, the folks behind these scams use fake social media accounts and emails to trick users into simply clicking links or giving out personal information.
These scammers often utilize the lure of a “too good to be true” chance to trick unsuspecting investors. They may offer an investment with a high return, however they may also be asking for your charge card information upfront.