Our cryptocurrency attorneys have experience handing fraud cases involving Bitcoin and other types of crypto currency scams. If you need help recovering stolen or hacked crypto call us at 800-767-8040 for a free consultation. Our attorneys have experience pursuing claims against Coinbase, Gemini and Binance.
Sim Swap Scams
Many victims of financial fraud have crypto stolen from them due to sim swapping or sim hijacking. This is a common problem at AT&T, Verizon and T-Mobile, as well as many other mobile providers. These scams involve a hacker taking over a victim’s cell phone. The hacker convinces the victim’s cell phone provider to port, or transfer, the victim’s SIM information to a new cell phone. Once the SIM information is transferred, the hacker gains control the victim’s cell phone and can receive text messages. With the ability to receive a victim’s text messages, the hacker requests password resets (via SMS) and accesses the victim’s accounts. The hacker transfers funds and changes the victim’s email address on file with the exchange – making it difficult for the victim to recover funds quickly.
The victim in this situation can pursue a case against their cell phone provider. They may also be able to sue other parties, including their exchange.
Customer Support Scams
Customer support scams involving crypto exchanges are a type of fraud where scammers impersonate customer service representatives to trick customers into sharing sensitive information or transferring Bitcoin. These scams typically involve contacting victims through phone calls, emails, text messages, or fake websites, and using social engineering tactics to create a sense of urgency or trust. The goal is to steal money or personal information that can be used for identity theft or further fraud.
Phishing Attacks
Phishing is a type of cyberattack where scammers attempt to deceive individuals into providing sensitive information, such as passwords, credit card numbers, or personal identification details, by pretending to be a trustworthy entity. These attacks typically occur via email, but they can also happen through text messages (called smishing), phone calls (vishing), or fake websites.
Pig Butchering Scams
Pig butchering refers to a type of scam where fraudsters lure victims into long-term financial fraud schemes by building trust through emotional manipulation. The term is derived from the process of fattening a pig before slaughter, which is analogous to how scammers “fatten” their victims with promises of lucrative investments before defrauding them of large sums of money.
Crypto Exchange Disputes
Crypto exchanges are responsible, directly and indirectly, for billions of dollars of fraudulent transactions. Suing an exchange, such as Coinbase, is often complex and may involve the following allegations: (1) the exchange was negligent in enforcing the Bank Secrecy Act; (2) the exchange was negligent in supervising its employees who may have leaked your data or were complicit in the crime against you; (3) the exchange lied about the nature of its insurance, cold storage or other policies; (4) the exchange maintained inadequate cyber security controls and were negligent in this regard.
Our attorneys have experience handling disputes against crypto exchanges. These disputes are often very complex and involve forensic investigation.
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