In 2021, losses from crypto scammers and fraudsters were estimated to have cost a record $14 billion - if you have lost £500,000 or more, we can help
Boasting of potentially sky-high financial returns, the trading of cryptocurrencies and the investment in NFTs have appeared to be very attractive ‘investment’ opportunities in recent years.
Whilst some people have genuinely benefitted from opportunistic (lucky) investments in this sector, a sizeable chunk of the profits that are claimed to derive from such investments are fictitious, promoted by scammers, trying to snare new victims.
A Common Problem
We have recently been inundated with enquiries from victims of crypto scams. Typical crypto scams include (to name only a few):
- romance frauds;
- celebrity fake endorsements;
- blackmail or extortion;
- phishing;
- mis-selling of investment schemes; or
- theft of currency from an online wallet.
We explain the above scams in more detail in our Q&A section (below), but if you are still unsure, please contact us to discuss it further.
We Can Help
Whilst it has traditionally been difficult to locate stolen cryptocurrency, for example, it is not impossible and advances in the technology used by tracing agencies have helped. Further, recent landmark judgments in the English courts have made it possible to seize stolen crypto assets with increasing certainty (a crypto asset such as cryptocurrency or an NFT is now confirmed to be ‘property’ under English law).
In order to help the victims of fraud, we provide an easy to access, easy to use, legal advice and representation service, providing (where we can) fixed costs for each stage of the investigation and recovery process. We work in conjunction with leading specialist crypto barristers and tracing agents.
Costs
In order to help the victims of fraud, we provide an easy to access, easy to use, legal advice and representation service, providing (where we can) fixed costs for each stage of the investigation and recovery process. We work in conjunction with leading specialist crypto barristers and tracing agents.
Please note that we are only able to act on cases whose value exceeds £75,000, due to the costs inherent in this type of litigation.
Further, due to the nature of such cases, we are unable to offer a contingency "no win-no fee" type funding agreement.
Recent Work
Most recently, successfully recovering £300,000 of Bitcoin, Ethereum and Algorand from suspended funds. In this case, the client commented:
"Thank you very much. I really appreciate the help.
There is probably a fine line between fear and respect. You certainly have my respect."
Frequently Asked Questions
The most common scams include fake celebrity endorsements, phishing, romance fraud, blackmail or extortion, mis-selling of investment schemes, and theft from online wallets.
Yes. Advances in blockchain tracing technology and recent UK court rulings have made it possible to identify, freeze, and recover stolen crypto assets.
We can only take on cases where the losses exceed £75,000, due to the complex and high-cost nature of cryptocurrency litigation.
No. Unfortunately, we cannot offer contingency or no win no fee funding for cryptocurrency recovery cases.
We have successfully recovered high-value assets including Bitcoin, Ethereum, and Algorand, often working with specialist tracing agents and barristers.
Red flags include guaranteed returns, free money offers, vague but big claims, and pressure to invest quickly.
Yes. We assist clients worldwide who have suffered high-value crypto losses, often coordinating with international tracing experts.
Stop sending any further funds, collect all transaction records and communications, and seek immediate legal advice.
Yes. English courts have confirmed that both cryptocurrency and NFTs are recognised as ‘property’, meaning they can be frozen and recovered.
You can call us on 020 7632 4300 or make an enquiry online to arrange a confidential discussion with a specialist solicitor.
Yes. Where fraud or breach of contract is involved, crypto disputes often proceed in the High Court as commercial litigation, allowing for freezing injunctions, disclosure orders, and asset recovery proceedings.
Yes. We advise companies, investment funds, and professional traders on disputes arising from cryptocurrency transactions, smart contracts, and investment schemes.
What are warning signs of a potential scam?
- A guarantee that you'll make money: don't believe such promises as they indicate a scam, even if there's a celebrity endorsement or testimonials, since these can be easily faked.
- Big payouts with guaranteed returns: "Guaranteed" returns are a big red flag.
- Free money: Whether in cash or cryptocurrency, free money promises are always fake.
- Big claims without details or explanations; be very skeptical about such claims.
Contact us
Our expert fraud solicitors recover high-value lost assets for clients across the globe and will be happy to have an initial discussion with you, at a time to suit you, to work out how best we can help.
Call us on 020 7632 4300 or make an enquiry online.