Scams involving cryptocurrencies can take numerous forms. Scammers want your cryptocurrency just as much as the cash in your bank account.
To safeguard your cryptocurrency holdings, it’s important to recognize the signs that you’re about to be defrauded and the steps you can take if you think any cryptocurrency or conversation surrounding it may be fraudulent.
However, if your money has already been stolen, knowledge alone won’t help. The Coin Dispute Network was established for such a situation.
That’s where the Coin Dispute Network comes in. They’re a crypto specialist company that helps people recover their stolen assets.
This review article will discuss the types of crypto scams and how Coin Dispute Network can help you recover your money.
Types of Cryptocurrency Scams
There are many types of cryptocurrency scams on the internet, and we can’t discuss all of them in this article. But we can discuss the most common ones. Check them out below.
To deceive their victims, scammers occasionally develop phony cryptocurrency trading sites or forked copies of official crypto wallets.
Sites that seek to pass themselves off as legitimate often use domain names that are nearly but not quite an exact match.
They have an almost identical design to legal sites, making differentiation between them quite challenging.
Predatory phishing scams
When perpetrating a crypto phishing scam, it’s common practice to go after details about a user’s digital wallet. Scammers go for the private keys to cryptocurrency wallets since the keys are necessary to withdraw funds from the wallet.
Their operation is related to the previously outlined bogus websites and is comparable to that of other phishing attempts.
They send emails linking to malicious websites designed to steal private key information. The hackers then use this information to empty the wallets of their cryptocurrency holdings.
Con artists frequently use dating sites to trick their victims into thinking they’re in a committed relationship when they’re not.
Once confidence has been established, the topic of cryptocurrencies and the exchange of bitcoin or authentication credentials commonly comes up.
Federal Trade Commission (FTC) research shows that 20% of reported romance scam losses were in bitcoin.
How Coin Dispute Network Helps People Recover Their Funds
The Coin Dispute Network is equipped with a group of professionals that will investigate the blockchain and track down your most recent transactions after you contact them and give them the go-ahead. This will help them track down your missing money before it disappears forever.
Formal dispute report
The next stage in recovering your stolen crypto is for the Coin Dispute Network to locate the thieves, identify the people engaged in the scam, and compile an official investigative piece that they can use to dispute the missing assets.
At this point, the Coin Dispute Network uses its contacts in the community to bring in your exchange platform and other relevant parties to recover your coin and help victims of crypto scams.
Monitoring and recovery
The Coin Dispute Network uses round-the-clock monitoring and notifications to keep track of your disputed assets and execute a stop-recovery at all exit points where the con artists might try to withdraw the funds.