Investors Lost Millions to Crypto Scams in 3 Months. Here’s How to Recover Scammed Crypto
Scammers are stealing millions from innocent “investors”. Cryptoinvestigo offers a guaranteed cryptocurrency recovery solution. You should be very happy and thankful that you found this article, so just keep reading to find out more. It is not only cryptocurrency prices that have skyrocketed recently – cryptocurrency scams are on the rise as well. According to a recent report, American victims lost over $80 million in cryptocurrency scams between October 2020 and April 2021.
Figures released by the Federal Trade Commission (FTC) showed that more than 7,000 people reported losses. This is a significant increase; about 12 times more than the same period the previous year. The average loss was about $2,000, and millennials in their 20s and 30s were the worst hit. These young adults lost more to investment scams than any other type of fraud.
Can I Get Scammed Crypto Back?
Have you ever wondered that – why are so many people losing so much money to cryptocurrency scams? The current environment seems to provide a perfect storm for fraudsters. Here are a few of the reasons.
A Lot of People Do Not Fully Understand Cryptocurrency
The fact that most of these crypto investors don’t know much about cryptocurrency makes it easy for smooth-talking scammers to sweet-talk would-be investors with crypto babble. Whenever there is a bit of ignorance or some understanding gap, it is easier for criminals to take advantage of unsuspecting people. And blockchain technology is evolving all the time, so there is a lot for investors to keep current on.
Massive Price Jumps
The huge surge in cryptocurrency prices we saw at the start of this year, combined with numerous headlines about crypto millionaires, have fueled two things: a fear of missing out and an expectation of big profits. Where massive returns on normal investments would raise eyebrows, in crypto it is believable because so many digital currencies have realized big gains in just a year.
There is Less Consumer Protection in Cryptocurrencies
If you invest in the stock market, you have a certain level of safety because companies and stock brokers have to abide by strict regulations. When it comes to crypto however, it can be hard to tell the difference between real companies and fake ones.
IMPORTANT NOTICE: HAVE YOU LOST OVER 50,000 US Dollars TO CRYPTO SCAM OR THEFT? CRYPTOINVESTIGO is guaranteed to help you recover your scammed or lost cryptocurrency.
Can You Recover Stolen Cryptocurrency?
Yes, you can recover scammed bitcoin or stolen cryptocurrency by using Cryptoinvestigo, which is one of the best and most reliable cryptocurrency tracking and recovery solution. However, prevention is always better than cure. So it is always good to as much as possible avoid falling for crypto scam in the first plan. So how can you spot and avoid a cryptocurrency scam?
How to Spot And Avoid Cryptocurrency Scams
The primary way to avoid crypto scams is to treat cryptocurrency like any other investment or purchase. Just because something uses the word cryptocurrency or Bitcoin, it doesn’t make it a magical money earner.
There are a number of ways cryptocurrency scammers can steal your money. People set up fake cryptocurrency exchanges, and once investors sign up and transfer their money, they discover they can’t withdraw it. Similarly, people promote fake coins to push the price up and then cash out before the value drops to nothing. This is often called a pump and dump. Here are some ways to protect yourself against scams;
Do Your Proper Findings
Take time to fully understand any cryptocurrency you want to put your money on. Check who is in charge of the management team, what problem that crypto promises to solve, whether it has offices (and their office location), and what the competitive environment is like. Similarly, do your due diligence on any cryptocurrency exchange or broker you plan to use.
Use Reputable Cryptocurrency Exchanges and Platforms
There are hundreds of cryptocurrency exchanges out there, but only a limited number are licensed to operate in the U.S. If an exchange promises that you can earn interest on your coins, make sure you understand how that interest is funded. For example, find out if the exchange is loaning out coins or if it’s staking them and paying you the rewards.
Review Their URLs Carefully
Another common scam is to imitate popular cryptocurrency websites or apps. You then get tricked into transferring your coins or cash to a fake site. Bookmark sites you use regularly and pay particular attention to the URLs. For example, watch out for letters that have been switched to numbers — such as an “l” for a “1” or an “O” for a “0.”
Beware of Fake Celebrity Endorsements
Celebrity endorsements can be suspicious because we don’t know if the person was paid to promote that coin. Plus, impersonators have also made off with a fortune. For example, the FTC reports that people have paid over $2 million to Elon Musk impersonators in the last six months or so.
Do Not Give Your Passwords or Cryptocurrency Keys to Anyone
Just as you wouldn’t give your bank PIN or email password to a stranger, so should you also be suspicious of anyone asking for your crypto passwords or keys. The key to your cryptocurrency is like a bank PIN — a code only you have access to.
5 Guaranteed Steps To Recover Scammed Cryptocurrency
Finding out that you have been scammed is a horrible feeling. If you discover that you are a victim of cryptocurrency scam, the stats above show you are not alone. Crypto scammers have developed sophisticated ways to steal your money. It can be difficult to recover lost cryptocurrency cash, but here are some steps you can take:
- Use Customized Cryptocurrency Recovery Solution Like Cryptoinvestigo:Cryptoinvestigo is a one-of-its-kind crypto recovery solution. It is so far the most successful and reliable solution that guarantees you will recover your scammed bitcoin, scammed cryptocurrency or other lost cryptocurrency. This solution employs the use of man power and advance blockchain technological approach to track down all lost cryptocurrency, and have them returned to the owner. You can request or find out more about Cryptoinvestigo by sending an email to – support@cryptoinvestigo.com
- Inform Your Cryptocurrency Exchange and Bank:If you explain that the transaction was fraudulent, you might be able to reverse it, especially if you paid with a debit or credit card.
- Do Not Reveal Your Identity:If you shared any personal information, you may need to take steps to prevent further fraudulent activity. You can visit the identitytheft website to report what happened and find out. For instance, how to freeze your credit and stop the scammers from opening accounts in your name.
- Contact a Cyber Investigator:Companies like BCA can help you to track down the stolen funds, and in some cases, they will give you the assistance you need. You will need to provide transaction IDs and other information about the scam.
- Report it to Relevant Agency:Make sure the scammers don’t get any more money from anyone else by reporting the fraud to the FTC. You can also get advice about what other options you have.
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Cryptoinvestigo is your one of the best, most reliable and trusted solution to recover scammed or lost cryptocurrency. Have you lost cryptocurrency worth $50,000 or more? You can now recover your lost cryptocurrency. To get the service, simply send an email to – support@cryptoinvestigo.com
As cryptocurrencies become more mainstream, we can expect to see an increase in consumer protections – and hopefully a reduction in scams. In the meantime, remember that there are people out there trying to trick you out of your hard-earned cash, so do your best to stay current on how to protect yourself and your investments.
Find out more or get the service today by sending an email to – support@cryptoinvestigo.com
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Text source: MCC.EXCHANGE
