Forex Scams
How we trace and recover your stolen digital assets.
The "Untraceable" Myth
The forex market (FX) is the world’s largest trading market. Nearly $5 trillion are traded daily. The market opens 24 hours a day. When trading closes in New York it starts again in Tokyo and Hong Kong. Since there are constant price fluctuations, this market can make institutions, companies and individuals a lot of money.
Forex fraud is a growing problem and there is no guaranteed way to avoid it. People under 25 are falling in droves due to the lavish payouts promised. Until recently, older people (those over 50 and in retirement) were considered to be the most vulnerable target. All that, is apparently a trend in the past. Those who currently make up the over 55 age group category have grown somewhat immune to the tricks of the online scammers, the young adult category has become the preferred target now.
Case Study: The Fake Trading Platform
Situation:
A client, "Sarah J.," was lured by an Instagram "trader" into a "guaranteed profit" crypto platform. She invested over $50,000. When she tried to withdraw, the platform demanded more money for "taxes" and then locked her account.
Our Action:
Our forensic team traced Sarah's Bitcoin transactions. The scammer had moved the funds through three intermediary wallets before depositing them into an account at a large, regulated exchange.
Result:
We compiled an indisputable report of the theft. The exchange's compliance team froze the scammer's account, and we successfully recovered over 90% of Sarah's initial investment.