Trying to recover crypto exchange losses? You could be scammed again

The recent crash of a major cryptocurrency exchange has left many investors devastated, and it could lead to potential scammers trying to take advantage of the situation. Find out how you can avoid being scammed.

Fraudsters will tell you anything to convince you that they can get your money back. They might impersonate the government, company, or another organization. Just remember, if someone ever tries to charge you for a recovery service for lost crypto funds, it’s never actually recovered!

If you want to spot a recovery scam, here are some things to look for:

The first thing you need to know is that legitimate companies won’t contact you, asking for money in order to help recover funds lost in a scam. Nobody will ever contact you by phone, email, or social media channels with this offer. And if you give them any money or account information, it will be gone for good.

If you’re still tempted to purchase any offers, please check out the reviews for the legal entity that they claim to be. Don’t believe so easily a webpage, search out the authority information. Remember: government agencies do not work this way and no reputable company will contact you about your money. But if you’re curious, just search for the company’s name online and look for the complaint or scam reviews.

Being scammed can make the process of working with freelancers complicated, especially when you’re not familiar with scams. Scammers will often tell you to pay in gift cards, cryptocurrency or wire transfers. Make sure you never do this–it’s an easy way to know that whoever you’re dealing with is a scammer.

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