NORTON ROSE FULBRIGHT specializes in helping victims of cryptocurrency hacks and scams recover their funds.
Helping clients recover stolen cryptocurrency has become one of our most popular services. Cryptocurrency scams were considered the second riskiest type of scam in 2019. In 2019, cryptocurrency-related criminal proceeds totaled more than $4.5 billion.
Scammers are firmly entrenched in the cryptocurrency space for three important reasons.
Due to the lack of formal regulations protecting the cryptocurrency industry, there is no agency that compels companies to obtain authorizations or licenses to carry out activities, and there are no guidelines or best practices to follow.
Every day more and more people are beginning to discover and adopt the idea of using cryptocurrencies in their daily lives. Those who are new to the concept of digital assets have limited understanding or awareness of how to protect themselves.
It is difficult to use a bank account, cheque or electronic money anonymously, and hiding the proceeds of crime is complex and expensive. Bitcoin addresses do not need to be registered in someone's name, which makes it easier to hide one's identity in many crypto transactions.
Have you been the target of a cryptocurrency scam? Talk to an advisor to find out if your stolen Bitcoin can be recovered.
The growing popularity of speculation in digital assets such as Bitcoin and hundreds of other altcoins poses significant risks to investors. Complaints of investment scams and price manipulation on cryptocurrency exchanges have increased dramatically. However, it is not only market manipulation that causes losses to individuals and companies, but also many scams targeting cryptocurrency businesses.
Hackers have breached and emptied digital asset wallets and stolen customer funds and working capital from exchanges, wallets, and various companies. Hackers target high-value wallets and seek to exploit social engineering and security loopholes. Individuals have also been targeted by attempts to steal data from startups and ICOs or conduct phishing scams to obtain administrative passwords and private keys directly from investors without authorization. By combining digital forensics with traditional investigative techniques and our experience combating cyber financial crime and investment fraud, we are able to deliver comprehensive recovery solutions.
