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Anti Crypto Fraud

According to security magazine a total of $1.9B in Cryptocurrencies in form of Ethereum and bitcoin, among others were stolen, in 2020. This was a down ward trend from $4.9B stolen the previous year. As a result, we came up with a team of cyber security officers, software developers and hackers in other to fight against crypto fraud hence offer services for recovery.

Some bitcoin scams you should be aware of before purchasing Bitcoin

Certainly, we have all witnessed the dramatic rise of Bitcoin value over the past data. As an example, the price of one bitcoin was $0 in 2009, but it’s now selling at $60,763.20. Such a turnaround of events has attracted both investors and scammers in equal measure.

So, what should you do if you want to take a plunge into this lucrative sector? Here we take a look at four bitcoin scams you should be aware of before parting with your hard-earned cash.

Bitcoin mining scams

Scammers are currently taking advantage of the fact that mining Bitcoins on your own is somehow impossible due to the resources required.

Initial coin offerings (ICO)

Cryptocurrency organizations commonly utilize ICOs to collect money from upcoming users. This has resulted in a substantial number of great crypto companies.

Bitcoin Scams and fake websites

In this age and era, fraudsters can easily create fake websites to mimic legitimate crypto platforms. Therefore, it shouldn't surprise you to encounter many of them as you try to scout for an investment

Yield farming incentives

As you can see, there are various ways scammers can use to steal your Bitcoin investment. Therefore, you should always be on the lookout for any red flags relating to Bitcoin scams.

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How to get Bitcoin back from scammers

Contact your Bitcoin platform

As a rule of thumb, reaching out to your trading platform regarding your lost Bitcoin should be the first thing to come to your mind. Doing so can crank up some action from your platform's side increasing your chances of recovering your losses. For instance, your trading platform can quickly identify where your assets went; therefore, necessitate the most appropriate actions.

Hire a recovery expert

Another way of how to get Bitcoin back from scammers is to seek the assistance of recovery professionals. These individuals are equipped with the necessary tools and skills that can help you recover your missing assets. In this case, you can contact the following crypto hunters to reclaim your missing Bitcoins: 1. The Decoder 2. The Hypnotist 3. The Data Whisperer 4. The Crimestopper 5. Anticryptofraud

Start a dispute

Several bitcoin platforms such as Paxful allow you to raise a dispute in case of a wrong transaction. In return, the dispute system provides the best possible intervention. You can use the following simple steps to start a dispute process on the platform: 1. Head to the platform's trade section and click on the dispute button 2. On the dispute dialog box provided, choose a dispute reason and clearly explain what occurred in the provided text box 3. Click on the start dispute button and wait for a chat from a moderator

Report your loss to the relevant Blockchain regulatory authority

Bitcoin governing bodies can also come in handy upon losing your assets to a scammer. An example of such is the BrokerComplaintAlert organization. You can recover your stolen cryptocurrency or Bitcoin using the platform by: 1. Visiting the organization's website And 2. Completing the complaint form by offering all the essential information regarding the fraud The organization's crypto forensic experts and financial analysts will start the recovery procedure upon submitting your form. Of noteworthy is that the organization only deals with scam cases involving more than $50,000.

What To Do when You Identify A Scam

Bitcoin has come along with its fair share of downsides. More  folks are being lured into Bitcoin scams.

Report suspicious emails

Report any suspicious emails to the relevant authorities for further advice and actions. You can forward the emails to support@anticryptofraud.com

Don't be too rushy

Avoid making a rash investment decision despite the promised "prospects" when receiving a suspect Bitcoin scam email.

Final thoughts

As you can see, how to get bitcoin back from scammers can’t be that daunting if done correctly. You can try out any of the methods above or a combination of them to recover your lost Bitcoins.

Here at Anticrytofraud, we can help you recover 100 percent of your cryptocurrency assets. The only thing you have to do is to provide us some essential information. For instance, the hashes used on the call off transaction before your funds were stolen. Reach us today and we shall be more than happy to help. 

Some Basic Scam

Common Bitcoin Frauds in 2021

According to security magazine a total of $1.9B in Cryptocurrencies in form of Ethereum and bitcoin, among others were stolen, in 2020. This was a down ward trend from $4.9B stolen the previous year.

That said; we take a look at some of the common Bitcoin fraud cases that have crossed over from 2020 to 2021.