How To Get Digital Coins Back From a Scammer

Wherever money is involved, there are always going to be scammers looking for ways to cheat honest people out of their funds. This is no less true for non-traditional currencies, such as Digital Coins and other digital currencies.

If you’re thinking about investing in Digital Coins or are already doing so, it’s important to understand how some common Digital Coins scams work. In the unfortunate event that you do get scammed out of your Digital Coins, don’t despair just yet — there are some options you can try for getting Digital Coins back from a scammer.

Two options to get your Digital Coins back from a scammer:

1. Contact the exchange platform you used

If you used a legitimate crypto exchange to send funds to a scammer, contact them the moment you suspect you’ve been the victim of a scam and provide them with as much information as you can. If the funds are still sitting in the exchange, there is a chance that you can get them back.

If you were scammed through a fraudulent crypto exchange or trading platform, one thing you can try to get your money back from a Digital Coins scammer is to contact the fraudulent company directly. Let them know that you know they scammed you and that you are in the process of reporting them to the relevant authorities and will do everything in your power to get your funds back.

This may be a long shot, but sometimes just the threat of legal action can be enough to get scammers to return your funds. However, if they have already transferred your Digital Coins to a private wallet and the fraudulent exchange platform is already offline, they are unlikely to respond to your requests.

That being said, there are professionals who deal with this type of thing every day. See option two below for more information about hiring Digital Coins scam recovery experts if you are unsuccessful in your DIY attempts.

2. Hire scam recovery experts like PayBack LTD

Scam fund recovery experts, such as PayBack LTD, are comprised of financial industry veterans and cybercrime professionals who know exactly how to press scammers hard to get your money back.

Nothing is truly anonymous on the internet, and our team of Digital Coins scam recovery experts will do everything in our power to track down the scammers and confront them to get your money back. We also have ways to hit scammers where it hurts the most: their financial funnels where they store stolen funds.

The process of taking legal action against scammers yourself can be daunting and exhausting. Hiring scam fund recovery experts can take the pressure off you and is much more likely to result in the successful recovery of your defrauded funds.

Let’s face it; government agencies are unlikely to pay much attention to your case unless you’ve lost hundreds of thousands of dollars to a Digital Coins scam. There are simply too many small-time scammers out there and not enough resources to pursue them all.

That’s where a private agency like PayBack LTD comes in. We have recovered more than $210,000,000 in funds from all types of financial scams, including digital currency scams.

Tips to keep your Digital Coins safe:

• Never pay strangers in Digital Coins
• Don’t believe in too-good-to-be-true promises about huge ROIs
• Use reputable, secure crypto wallets to store funds
• Don’t use unregulated crypto exchanges
• Watch out for Digital Coins pyramid schemes
• Keep an eye out for Digital Coins phishing emails and social media messages
• Never risk funds you can’t afford to lose
• Always thoroughly investigate crypto wallets, platforms, and investment info
• Use antivirus software and malware protection on your devices
• Never share your passwords and logins
• Use a different email strictly for your Digital Coins communications and transactions
• Stay up to date on the most common Digital Coins Scams

How do scammers steal your Digital Coins?

Digital Coins phishing scams

One common way digital currency scammers may try to steal your Digital Coins is by sending emails, texts, or social media messages requesting payments in Digital Coins. These messages often try to appear as if they are from reputable companies or even government organizations.

This type of Digital Coins scam works in a similar fashion to traditional phishing scams and is fairly easy to avoid if you know what to look out for. The important thing to remember is that Digital Coins is not backed by any government or financial institution, so no legitimate organization will ever ask you for payments in Digital Coins for any reason.

Digital Coins pyramid schemes

Another common Digital Coins scam functions like a classic pyramid scheme. Scammers will try to recruit you into an investment program, then ask you to pay Digital Coins into the program for the right to recruit other investors into it. They incentivize you to do this by promising rewards in Digital Coins when you recruit others, but these payments never materialize.

Always be wary of anyone offering you membership into some type of investment or business program which asks for payment of any kind in order to get started.

Learn more about pyramid scams

Too-good-to-be-true investment offers

Digital Coins scammers often pose as investment managers or advisors and claim that they can help you rapidly grow your money if you let them handle your Digital Coins. They may ask you to transfer Digital Coins to them directly or provide you with the details of a fake “investment account” for you to deposit funds in.

Once you transfer Digital Coins to a fraudulent investment manager, they usually disappear with the funds and become uncontactable. Or, you might find that when you try to make a withdrawal from the investment account, they provided you with, you either aren’t able to, or you have to pay additional fees in order to make a withdrawal.

Crypto wallet hacks

Crypto scammers occasionally find ways to steal Digital Coins without even interacting with their targets. They do this by hacking crypto wallet platforms to steal massive amounts of Digital Coins from their users.

If you’re investing in Digital Coins and other digital currencies, it’s absolutely vital to use wallet platforms that have high levels of security and don’t have a history of being hacked.

Digital Coins exchange scams

With the rapid rise in popularity of Digital Coins and digital currencies in general, there has naturally been a boom in crypto exchanges where you can buy and sell non-traditional currencies. However, not all of these exchanges are legitimate.

Some exchanges come online with the end goal of stealing their users’ funds. They market themselves to attract investors; then, when there are enough people using the platform, they go offline along with all of the digital currencies that have been deposited in them.

Conclusion

Like digital currency, Digital Coins scams are a relatively new type of online scam that you have to be on the lookout for. Because it is thus far unregulated, it can be very difficult to get Digital Coins back from a scammer. Fortunately, there are experts out there who specialize in doing so and have a strong track record of recovering stolen Digital Coins and other digital currencies from scammers.

If you know or suspect that you’ve been scammed out of your prized Digital Coins, don’t wait a second longer to contact PayBack LTD. We’ll work hand-in-hand with you and do everything in our power to get all of your funds back.