cryptocurrency scam detection


Knowing the signs of frauds is one of the best ways to stay safe

Just as people got accustomed to using the internet in the 2000s, in spite of the dangers, cryptocurrency users will become more astute at spotting potential bitcoin scams.

Becoming familiar with types of crypto scams as well as applying tips to stay secure are the best ways to avoid having your digital currency stolen on the blockchain.

There are as many cryptocurrency skeptics as there are fans. Given the number of crypto scams, many people may ask, “Is crypto a scam.” However, in spite of the problems and the controversy surrounding digital currencies, it’s clear that cryptocurrencies and the blockchain are here to stay. 

Our Process

how to detect a scam

Crypto scams have increased dramatically in the past few years. The has been identified that  crypto scams as the leading type of online financial fraud. In 2021, $14 billion was lost in digital currency schemes, an increase of 79% over the previous year. 

Taking steps to stay safe on the blockchain is essential. The following are ways to detect a scam involving cryptocurrency. 

Lack of Transparency

Any broker or merchant is naturally quite proud of their brand and their accomplishments. They want to reveal the names of their team and their credentials.

However, if you notice that the crypto service has no website, or if it does, no names of the people who run the operation and no contact information, you may have walked right into a crypto scam. Get away as fast as you can.

Not Licensed

The blockchain, at least as of now, isn’t regulated. That is the appeal of cryptocurrencies, at least for some people. A lot of crypto fans love the freedom and the lack of interference by regulators. However, the dark side to this lack of regulation is the proliferation of bitcoin scams.

If you are trading cryptocurrency, do so only with a licensed exchange. Also, make sure the company you are dealing with has a license.

Demand Sensitive Information

Asking for your crypto codes and keys is never alright. A crypto scam may also ask for unnecessary but highly sensitive information like your Social Security number.

If the people you are dealing with you just won’t leave you alone, that isn’t just toxic, it can also be a sign of a crypto scam. Legitimate operations don’t need to come off as desperate to get customers or clients.

Lost Money?
find out How Our Scam Detection Services Can Help You

We begin with consulting thoroughly with clients and getting an idea what happened in their case. We ask for documents and details about the case so we can get started with crypto investigation. We apply advanced technology, including software usually available only to law enforcement, bitcoin forensics and a thorough database for scam detection. 

we have been

Fighting the battle against cryptocurrency scam

We have developed working relationships with law enforcement agencies worldwide, has extensive knowledge and experience with crypto tracking, and can improve your prospects of getting your funds back.

If you have lost money to financial fraud, talk our support team. Our crypto investigations will provide evidence to bolster your claim and get you started with fund recovery.