Crypto Scams

At Scam Claims, we assist victims and nationwide who lost money to fraudulent digital-asset schemes promoted via social media, unregulated exchanges, or slick trading platforms.

Many operations fabricate returns, block withdrawals, or impersonate well-known brands to lure deposits.

Our service is to map payment trails, assess legal options, and pursue recovery wherever accountability exists.

Working with experienced solicitors and technical specialists, we coordinate with banks, regulators, and exchanges to push for compensation and restore confidence after a crypto-related loss.

How Do Crypto Scams Impact Victims?

Crypto scams often target individuals who believe they are investing in a legitimate digital asset or trading opportunity, only to discover later that withdrawals are blocked, profits are fabricated, or the platform itself never existed.

The impact is severe, both financially and emotionally. Victims lose savings, pensions, or business funds, while also facing stress, anxiety, and a loss of confidence in genuine crypto and financial services.

Which Legal Strategies Help Hold Banks, Platforms, And Promoters To Account In ?

Solicitors provide comprehensive legal support for victims of crypto scams, including:

• Tailored legal advice – Assessing the case and identifying the best recovery strategy.

• Evidence gathering – Collecting records of transactions, wallet addresses, and communication with fraudsters.

• Claim preparation – Filing compensation claims against negligent banks or institutions.

• Action against financial institutions – Pursuing banks, payment providers, or advisers that failed in their duty of care.

• Civil litigation – Issuing proceedings against fraudsters or companies linked to the scam.

• Regulatory complaints – Supporting victims through complaints with the FOS or FCA.

• Coordination with authorities – Liaising with regulators and investigators to build the strongest possible case.

Can Firms Coordinate Cross-Border Efforts When Funds Or Platforms Sit Overseas?

Crypto scam solicitors frequently deal with cross-border and online fraud, which often requires coordination with overseas regulators, foreign exchanges, and international payment networks.

Although recovery is often more complex in global fraud cases, experienced lawyers know how to pursue claims against UK-based banks and institutions that facilitated the transactions.

Contact Scam Claims for a consultation on international cryptocurrency scam cases.

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How Severe Are Average And Peak Losses In Crypto Fraud Reported Around ?

The financial losses linked to crypto scams, according to Action Fraud and FCA reports, average more than £25,000 per victim, though many cases exceed £ 100,000.

Losses are often spread across multiple deposits as fraudsters encourage victims to “top up” or reinvest their digital assets.

Because these scams frequently target retirees, professionals, and high-net-worth individuals, the financial harm can be catastrophic, sometimes wiping out entire life savings.

Which Crypto Scam Patterns Target Most Often?

The most common types of crypto scams include:

• Fake trading platforms – Fraudulent websites that simulate crypto trading but prevent withdrawals.

• Ponzi and pyramid schemes – Using deposits from new investors to pay fabricated returns to earlier ones.

• Impersonation scams – Criminals posing as well-known exchanges, brokers, or celebrities.

• Pump-and-dump tokens – Promoting worthless or fabricated cryptocurrencies to inflate value before abandoning the project.

• Phishing and wallet fraud – Gaining access to private keys or digital wallets to steal assets.

• Social media scams – False endorsements or giveaways promoted on platforms like Instagram, TikTok, or Telegram.

• Professional-looking setups – Fake apps, documents, and company registrations designed to mimic legitimacy.

What Recovery Paths Can Work In For Fiat Transfers, Exchanges, And Wallet-Based Losses?

In many cases, victims can recover money lost to crypto scams, but outcomes depend on how payments were made and whether assets were transferred through traceable routes. If fiat payments were made by bank transfer, victims may have a claim under the Authorised Push Payment (APP) fraud rules.

Other recovery routes may involve civil claims, insolvency actions against fraudulent companies, or complaints to regulators. While not every case leads to recovery, experienced solicitors can pursue multiple channels to maximise the chance of compensation.

Contact Scam Claim Solicitors for a consultation on recovering money lost to fraudulent digital asset schemes.

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How Do Lawyers Utilise Banks, The FCA, FOS, And Exchanges To Press For Redress?

Lawyers handling crypto scam cases work alongside regulators and financial institutions by filing complaints with the FCA, submitting reports to Action Fraud, and engaging banks to trace and challenge fraudulent transfers.

They may also escalate cases to the Financial Ombudsman Service (FOS) when banks fail to reimburse victims. By presenting detailed evidence and applying legal pressure, lawyers improve the chances of recovering funds that might otherwise be written off.

Is A No Win, No Fee Structure Available For Crypto Claims In , And What Are The Limits?

Our solicitors dealing with crypto scam claims often provide no-win, no-fee agreements, enabling victims to pursue recovery without upfront solicitor costs.

Under these arrangements, solicitors are paid only if recovery is achieved, typically as a percentage of recovered funds or via a pre-agreed fee structure.

What’s the Process for Filing a Compensation Claim After a Crypto Scam Near ?

The process of pursuing a crypto scam claim starts with an initial consultation where the victim provides all available evidence, including bank statements, wallet addresses, contracts, and correspondence with the fraudster.

Solicitors then assess the claim’s viability and decide whether to pursue the bank, exchange, or fraudster directly. Formal claims may also be backed by regulatory complaints. Negotiation, settlement, or litigation may follow depending on the facts, with the primary aim of securing compensation and accountability.