Stolen cryptocurrency – what to do and how to get money back?

Today, cybercrime is a rather topical issue. This applies, in particular, to cryptocurrency. Very often, investors do not know how to get their money back in situations where they have been robbed in this way. In this article, specialists of our legal office Prykhodko and Partners will tell you what to do in a situation where cryptocurrency has been stolen.

Features of cybercrime related to cryptocurrency

Fraudsters who "hunt" for cryptocurrency have a variety of tricks in their arsenal that help them quickly take possession of your digital assets. At the same time, almost all their actions remain unnoticed.

Assets in cryptocurrency can be used to build various financial pyramids, described below.

Among the most common types of cryptocurrency fraud are:

1. Phishing scams.
2. Ponza scheme.
3. Schemes with fake wallets and ISO.

Let's consider these fraudulent schemes in more detail.

Phishing scams

This is the most common type of crypto fraud. Phishing attacks are carried out through e-mail, websites. In such attacks, fraudsters receive information about user registration data, in particular, access to digital assets. In this situation, it is quite difficult to return the stolen cryptocurrency.

Ponza scheme

The principle of operation of this scheme resembles a financial pyramid: participants promise large incomes for attracting new participants. After receiving the required amount of money, fraudsters leave the participants of this scheme with nothing.

Schemes with fake wallets and ISO

These actions are based on deception and manipulation of the trust of cryptocurrency owners. Fake wallets are used to commit criminal acts. By deceiving the owners, cryptocurrency is transferred directly to the fraudster's wallet.

What to do when the crypt is stolen?

It is quite difficult, almost impossible, to restore a lost crypt on your own. Therefore, it is better to use the help of professional lawyers. Among the specialists of Prykhodko and Partners are lawyers specializing in cybercrime issues.

The first thing we start with is gathering the evidence base. All your transactions will be useful. Also, it can be, for example, correspondence with exchanges, the address of wallets.

Exchanges play a very important role in the recovery of stolen cryptocurrencies. Of course, if we are talking about centralized, legal cryptocurrency exchanges. Such exchanges can indicate/freeze stolen crypto.

Under the condition of professional, transparent communication, there is a very high probability that the assets will be returned. The main thing is early involvement and understanding of the requirements, according to which the exchange will be carried out.

We will engage cyber security specialists who are engaged in tracking cryptocurrency transfers and determining the whereabouts of fraudsters. Thus, recovery of cryptocurrency is significantly simplified.
It is also important to understand that the laws governing the circulation of cryptocurrency differ significantly in different countries. For example, in the member states of the EU, Great Britain, and the United States, a whole regulatory system has been created that allows to protect the owners of digital currency. Our state is just beginning to take the first steps in this direction. That is why you should contact professional lawyers as soon as possible to help you get your money back. Criminal proceedings may be the only important option for legal protection of the interests of cryptocurrency owners.
Do you still have questions? We are waiting for a preliminary consultation! To calculate the cost of services of cryptocurrency specialists, fill out the form below.

Do you still have questions? We are waiting for a preliminary consultation! To calculate the cost of services of cryptocurrency specialists, fill out the form below.