As cryptocurrency investments have surged to become a mainstream investment trend, they have also opened themselves up to fraud and scams that have resulted in significant investment losses. We work tirelessly to help recover your lost crypto assets. Pick out the Crypto Asset Recovery Review.
Investigating hackings of digital accounts and wallets, tracking down stolen tokens, and initiating “John Doe” lawsuits against unknown criminals who took your cryptocurrency.
Scams
Cryptocurrency offers investors an exciting investment opportunity, but sophisticated scam artists also target it. Hackers use various tactics to attract unsuspecting investors—from fraudulent initial coin offerings (ICOs) to creating counterfeit wallets and exchanges—using cryptocurrency scams as bait. Law enforcement officials continue their fight to prevent cryptocurrency scams despite their popularity; in some cases, victims may even be able to recover funds stolen with help from cryptocurrency recovery lawyers.
Crypto fraud covers an array of activities, from fake currency trading platforms and wallets, Ponzi schemes, and pyramid schemes to more complex scams designed to steal investors’ funds. According to the FBI, victims have reported losses exceeding $2.5 billion from such activity.
Scams targeting investors have become all too common, leaving victims feeling helpless against such schemes. Unfortunately, many of these scams can be difficult to spot without prior knowledge – often including using social media channels like Twitter to advertise the offer, as well as falsely promising returns from investing in particular cryptocurrencies.
SIM swapping is another prevalent crypto fraud tactic that utilizes hijacking tactics by switching a victim’s cell provider and changing their mobile number. This enables hackers to gain entry to their accounts and send text messages, giving access to passwords or sensitive data—such as those held by high-profile targets such as Jack Dorsey. This fraud method has proven devastating when applied against high-profile targets like him.
If you have been the victim of crypto fraud, you must contact a cryptocurrency recovery lawyer immediately. A qualified attorney will assist in recovering lost funds, stopping future attacks, finding an exchange that protects assets, and filing suit against those responsible, giving you the best possible chance of recovering lost funds.
Exchanges
An experienced cryptocurrency recovery lawyer understands the laws and regulations pertaining to digital currencies. He can assist in recovering funds lost due to hackers or exchange manipulation. Furthermore, they can help file a lawsuit against those responsible – these cases often involve complex investigations. An expert attorney with knowledge of cryptocurrency law will be able to assess your case to assess whether there’s merit to any claims you might make against their exchanges.
The legal landscape surrounding cryptocurrency fraud and theft is evolving quickly. Many investors have suffered substantial financial losses as a result of hacking attacks against major US exchanges; consumer protection laws support individuals whose assets were lost as a result of these attacks, in many instances recovering them even though no breach occurred at the time.
One of the primary legal concerns related to cryptocurrency exchanges is securities violations. The Securities and Exchange Commission (SEC) oversees securities transactions and cryptocurrency sales. They enforce compliance with regulations by enforcing civil and criminal penalties when those breaking them violate them; working with an experienced cryptocurrency recovery lawyer will help safeguard your investments against SEC violations and hold them accountable for any misconduct they commit.
Common cryptocurrency exchange security issues involve inadequate protection measures being provided, leading to theft or other losses for customers. A good crypto recovery lawyer can help recover stolen bitcoin and other cryptocurrencies from those responsible and file a suit against their negligent handling of digital asset investments.
Rafael brings extensive regulatory experience at both the state and federal levels, including matters before the Securities and Exchange Commission (SEC), Financial Crimes Enforcement Network (FinCEN), Commodity Futures Trading Commission (CFTC), and other authorities. He regularly advises companies regarding their obligations in the cryptocurrency space.
Lawsuits
Bitcoin’s meteoric rise has created many millionaires among investors, yet many more have lost millions to volatile digital coins or been victimized by fraudsters operating within its volatile ecosystem. Weak investor protections, wild price swings, and promises of high investment returns create an ideal environment for fraudsters; should you experience any losses due to cryptocurrency-related fraudsters, swift legal action is key to recovering your losses.
Our firm stands out among national firms by being among a select few with extensive experience handling legal actions against cryptocurrency exchanges. Such litigations often require a complex analysis of digital assets. Furthermore, cryptocurrency is treated as property under federal, state, and local taxation laws and regulations that must be kept up with to keep clients protected against illicit cryptocurrency transactions. Our attorneys stay current on these laws to ensure our client’s protection is maintained against potential risks.
Crypto-related litigation typically alleges that exchanges have failed to protect consumers’ accounts from hackers and phishing attacks, manipulated prices, or falsified insurance and cold storage policies; additionally, these exchanges are frequently accused of engaging in or facilitating illegal activity such as money laundering, securities, and commodities trading violations or tax evasion on their platforms.
As leaders in combatting illicit cryptocurrency activities, our firm has successfully recovered millions of dollars for our clients. For instance, New York Attorney General Letitia James obtained more than $1.7 million from CoinEx for failing to register as a securities and commodities broker-dealer, misrepresenting itself as a cryptocurrency exchange, and misleading customers.
At our firm, we handle cases involving investments in non-fungible tokens (NFTs), blockchain networks, and speculative cryptocurrencies. Typically, these cases are filed in state court and, in some instances, federal court. While New York and California tend to be the go-to places for crypto claims, our firm’s national presence makes us capable of prosecuting matters wherever they may arise. Furthermore, we represent investors in wrongful termination cases related to cryptocurrency investments where investors seek the return of lost investment funds.
Forensics
With cybercrime rising to record heights, victims of cryptocurrency theft or fraud are at greater risk than ever before. At Kronenberger Rosenfeld, we stand up for those affected by theft from both centralized exchanges and wallets; our investment loss lawyers work to hold those accountable while retrieving any stolen digital assets that may have been misappropriated from you.
As the crypto market evolves rapidly, legal regulation and enforcement agencies are increasingly scrutinizing cryptocurrencies. Therefore, you must have legal counsel who can guide you through regulatory, enforcement, and litigation risks associated with them.
Our attorneys have extensive experience representing clients in securities and commodities law matters relating to cryptocurrencies and digital coins, such as allegations of market manipulation or insider trading, market manipulation allegations, or potential SEC, CFTC, or DOJ investigations.
Our relationships with investigators and forensic tracers who specialize in digital assets, custodial providers for crypto-assets, key exchanges, and insurance providers allow us to offer our clients seamless, comprehensive service from loss through recovery.
Forensic science involves scientific examination of physical evidence to ascertain its authenticity and is widely employed in legal settings, from art authentication and bloodstain pattern analysis to use in cases involving murder and other violent crimes to establish guilt or innocence.
One of the primary difficulties for cryptocurrency owners is proving ownership of their digital assets when paid into an exchange and mixed in with other coins. Thankfully, there have been incremental developments in law, such as in AA v Persons Unknown (unreported, CL-2020-000840; 21 December 2020).
Thus, it has never been more crucial to secure the services of an experienced firm that can protect your interests and maximize your chances of recouping lost property. Greenberg, Traurig’s cryptocurrency and blockchain litigation group, comprised of dedicated former government officials and white-collar defense attorneys, can help guide you through today’s challenging enforcement landscape.
Read also: Crypto Scam Recovery – How To Get Your Money Back After A Crypto Scam
