Cryptocurrency Scams
We’ve all heard stories of people making huge amounts of money investing in cryptocurrencies.
But where some have made a killing, others have lost an awful lot of money — you only need to look at the volatility in the price charts to see that. Worse still, some customers who ‘invested’ never had the chance to make money, as they lost everything to a cryptocurrency scam.
Investing in the crypto market is in itself highly risky, and should be approached with caution. But if you do dip your toe into crypto, it’s important to recognise that it’s also fraught with danger and riddled with lots of illegitimate websites and scams. Look out for blogs, where we will be talking about the common crypto scams we see.
What to do if you’ve lost money in a crypto scam
At FundsUnity, crypto scams are what we’re contacted about most often.
In many cases, we can help, especially when the money was initially move to crypto from a UK bank. As a regulated claims management company, if you’d like our help, just complete our online claim form or give us a call. Remember, you can do it yourself for free by taking your case to the Financial Ombudsman Service.
If you’d like more specific information on how Crypto Scams work, check out our crypto scam blog posts below.
Read more about crypto scams
Social Engineering Crypto Scams
This is where the scammer (usually someone the victim has met online) has created a convincing story to coerce the victim into sending them crypto-currency.
Fake Celebrity Endorsements & Social Media
Often scammers pretend that trusted figures like Martin Lewis have “endorsed” their fake or illegitimate product, website or platform.
Fake Websites
Often very legitimate looking crypto websites pop up that are in fact scams. We look at how to spot such websites, avoid them and what to do if you’ve already lost money.
