It could be very dreadful to have your crypto investments stolen. This is why we have companies such as the Coin Dispute Network that help victims of crypto scams to recover their lost funds. We interviewed them to discover why they created the company to help recover stolen crypto. The details are as seen below.
HOW DOES THE COIN DISPUTE NETWORK WORK?
Our team of experts in the USA will first analyze the blockchain and trace your recent transactions to locate your stolen or lost cryptocurrencies before they are withdrawn.
The next thing we do is to track down the scammers. We identify the parties involved in the scam. We create a formal investigative report to dispute lost or stolen assets.
We have a network of crypto contacts and stakeholders deep within the crypto community. We leverage these contacts to dispute and recover your coin transactions.
Lastly, we monitor the disputed funds 24/7 to stop any possible attempt at withdrawal by the scammers at various exit points within the community.
WHY WAS THE COIN DISPUTE NETWORK CREATED TO RECOVER STOLEN CRYPTO?
Between 2021 and 2022, crypto theft incidents went up by 50%. Several means have been devised to steal your crypto. And because of the finality of blockchain transactions, scammers have found it easier to rob you of your money.
Coin Dispute Network is a blockchain dispute resolution service. We were created to help resolve such issues. We investigate the issue, make use of our connections within the community, and eventually recover your funds. Our main purpose is to make crypto trading safer. Thus, encouraging people to engage more in crypto transactions.
Need help during a recent financial loss? We help you get that money back into your account. Speak with our blockchain specialists today to see if your case qualifies for our proven recovery process: 1-800-607-8401 pic.twitter.com/KvLErOTej5
— Coin Dispute Network (@CoinDisputeNet) June 18, 2022
HOW LONG DOES IT TAKE TO RECOVER STOLEN CRYPTO?
It takes roughly two to six months to track down and recover your stolen cryptocurrency.
WHAT ARE SOME OF THE COMMON CRYPTO SCAMS?
Scammers can create false trading platforms or fake duplicates of popular trading platforms or wallets. This is to trick unsuspecting cryptocurrency traders or investors into depositing their money, which will then be restrained from them.
Next is phishing. This scam method creates websites to lure crypto traders into inputting their private keys. Once the scammers get this information, they access your wallet and withdraw your funds.
Scammers can also hype a particular coin or non-fungible token. Traders will rush to buy them, thus driving up the price. Then the scammers will sell their holdings- causing the asset value to crash. The scammers will have withdrawn the proceeds from their investments.
HOW DO YOU AVOID BEING A VICTIM OF CRYPTO SCAMS?
Some of the ways to avoid being victim to the crypto scam are; to be skeptical of opportunities or investments that are too good to be true, don’t transfer funds to anyone with an unverified account, and take time to verify websites or accounts that require investment, do not give away key information on your wallet to anyone, avoid paying in advance for anything if the other party is using a QR code.
