Cryptocurrencies, often referred to as virtual currencies or tokens, are quite different from typical currencies such as dollars or euros. Instead of being issued and backed by a government or central bank, cryptocurrencies are digital assets secured by cryptography that can be used as a medium of exchange. Their validity is typically provided by a blockchain system with an open, distributed ledger recording transactions
While different forms of cryptocurrencies have been around for years, they became a cultural phenomenon in 2017 when the price of Bitcoin, one of the more established cryptocurrencies, skyrocketed to nearly $20,000, representing an annual gain of over 2000%. While 2018 saw the “Great Crypto Crash,” cryptocurrency remains very popular, with Bitcoin accompanied by other significant cryptocurrencies such as Etherium, Ripple’s XRP, Binance, Tether, and countless others.
In addition, cryptocurrency exchanges have also expanded, providing platforms that allow customers to trade cryptocurrencies for other assets, including conventional currency and other digital currencies.
But as with any financial vehicle, particularly one that is highly volatile and has garnered incredible public interest, there are opportunities for bad actors to defraud investors. Cryptocurrency fraud has become a dominant topic of discussion for government enforcement attorneys, with numerous prominent conference panels and agency bulletins addressing its various forms, the hype versus the reality, the many ways it can facilitate fraud, and efforts to rein in its abuse.
As crypto scams and fraud becomes more common, it will continue to be crucial for whistleblowers to help the SEC, CFTC, and IRS with their enforcement efforts.
You may be following a solid tip from someone with a lot of expertise but still become a victim by accidently visiting a fake website. There's a surprising number of websites that have been set up to resemble original, valid startup companies. If there isn't a small lock icon indicating security near the URL bar and no "https" in the site address think twice.
ven if the site looks identical to the one you think you're visiting, you may find yourself directed to another platform for payment. For example, you click on a link that looks like a legitimate site, but attackers have created a fake URL with a zero in it instead of a letter ‘o’. That platform, of course, isn't taking you to the cryptocurrency investment that you've already researched. To avoid this, carefully type the exact URL into your browser. Double check it, too.
Another common way scammers trick cryptocurrency investors is through fake apps available for download through Google Play and the Apple App Store. Although stakeholders can often quickly find these fake apps and get them removed, that doesn't mean the apps aren't impacting many bottom lines. Thousands of people have already downloaded fake cryptocurrency apps, reports Bitcoin News.
While this is a greater risk for Android users, every investor should be aware of the possibility. Are there obvious misspellings in the copy or even the name of the app? Does the branding look inauthentic with strange coloring or an incorrect logo? Take note and reconsider downloading.
Even if it looks exactly like an email you received from a legitimate cryptocurrency company, take care before investing your digital currency. Is the email the exact same, and are the logo and branding identical? Can you verify that the email address is legitimately connected to the company? The ability to check on this is one reason why it's important to choose a company that has real people working for it. If you have doubts about an email, ask someone who works there. And never click on a link in a message to get to a site.
Scammers often announce fake ICOs, or initial coin offerings, as a way to steal substantial funds. Don't fall for these fake email and website offers. Take your time to look over all the details.
Unfortunately, there are many ways that some Internet users exploit unsecure computing systems to mine or steal cryptocurrency. Learn more about staying safe and protecting yourself in this emerging market before you start investing in cryptocurrency.
DeFi rug pulls are the latest type of scam to hit the cryptocurrency markets. Decentralized finance, or DeFi, aims to decentralize finance by removing gatekeepers for financial transactions. In recent times, it has become a magnet for innovation in the crypto ecosystem. However, the development of DeFi platforms is beset with its own problems. Bad actors have made away with investor funds via such avenues. This practice, known as a rug pull, has become especially prevalent as DeFi protocols have become popular with crypto investors interested in magnifying returns by hunting down yield-bearing crypto instruments.
Platforms will market to retail buyers and investors to put upfront capital down to secure an ongoing stream of mining power and reward. These platforms do not actually own the hash rate they say they do, and will not deliver the rewards following your downpayment. While Cloud Mining in itself is not necessarily a scam, the counterparty needs to be heavily due diligence.
Once you have filled out the contact form via our website, your claims will be evaluated by one of our claims analyst.
Based on the business intelligence we have on the company in question, we will decide the best course of action to take. The unique details of your claim will decide how your claim is processed; either using our in-house resources or utilizing our global network of attorneys.
International financial fraud can be very complicated and time-consuming, Chargeitbacks international streamlines this process giving you a professional and experienced point of contact with global reach and connections. We work with a network of international attorneys experienced in combating financial fraud who will fight your claim and help you recover your out-of-pocket investment.
We provide our clients with the following services:
Chargeitbacks is not a law firm, but we have in-house attorneys with exprience in binary options asset recovery who will analyze your claim and strategize the best route of recovery for you. In addition, our clients can utilize Chargeitbacks’s extensive network of international attorneys who cover different jurisdictions to ensure you have the strongest representation to fight and win your claim.
The majority of binary options fraud operations are located in Israel and owned by Israeli nationals. Israel is the epicenter of the fraud, and the primary location to gather the intelligence needed to recover your money. Our headquarter is at Indiana, and we recently opened an office in London.
We work with basically anyone from any part of the world who had been scammed one way or the other. We focus globally and we would get your money back.
If it is, we’ll tell you upfront and explain why. We do not accept cases that present insurmountable obstacles. With a few general and specific questions about your case, we can determine if our services would be of benefit to you. We do understand the sensitives involved and all matters are kept confidential.
Not in the slightest. Banks have dispute departments to handle issues such as these. And assuming you obtain a Chargeback, it will be paid not by your bank but by the receiving bank on the other end of the transaction from funds held in the account of the merchant whose service you have successfully challenged.
If that happens, please provide us with the bank’s response citing your chargeback claim and a copy of any supporting documentation the bank relied on in making its decision. We will then review that material and inform you what the next step may be.
Our Case Builder Chargeback Program is a self-activating platform for sums of less than $5,000. Our Advanced Assistance Chargeback Program is tailored for sums of $5,000 and above. This plan requires a nominal fee covering documentation and discussions with your bank that will be deducted on the invoice we send after you recover your money. Our Wire Transfer Recall Program is designed for clients who transferred funds by wire. Our Legal Assistance Program is available when the transaction is not covered by the terms of agreement set by credit card companies and/or banks.
Not at the moment, but of course if a vacant posts needs to be filled, our customers would be the first to know\