According to bitcoin’s internet adoption, so too did the growth of organized cyber-fraud—many millions of investors have suffered losses on fake investment websites, from scams based on impersonation, and via aggressive techniques involving social engineering. What victims of cryptocurrency fraud might not hear is that recovery is possible, particularly if done under the umbrella of a reputable crypto recovery service.
Recovery from cryptocurrency scams is possible, but only after the fraudulent transaction has been correctly authenticated prior to commencing any recovery activity on behalf of the victim.
Lionsgate Network does not charge for any recovery process unless they have provided a certified forensic preliminary analysis to the victim prior to commencing any payment of a fee. Because not every case will be recoverable, charging victims ahead of confirming recoverability would be unjust and irresponsible for those who are already experiencing a financial hardship.
Why We Must Analyze Your Case Before Onboarding
Bitcoin transfers do not allow for reversal, however the information regarding the transfer does exist. A forensic review identifies:
- The path the money took after being stolen,
- which wallets it has occupied
- Whether these funds are recoverable by law enforcement
- which exchanges, custodians, banks or foreign agencies hold the ability to place a hold on the funds
If we verify the potential for your funds to realistically be recovered, we will invite the client to onboard. If our analysis determines there is minimal potential to receive back assets, we will not take on the case and we will not charge the client for our time and efforts.
This process protects victims from spending time, money, and losing hope due to unfulfilled expectations.
How Bitcoin Scams Happen
“Lost” bitcoin typically doesn’t go missing; it is typically transferred into someone’s “criminal” wallet. The most common ways for this to occur are:
Fraudulent Trading Platforms
These are websites designed to collect deposits from investor clients while providing fake user dashboards with incorrect information about investment returns.
Bitcoin ATM Scams
Scammers pressure victims to send bitcoin via ATMs to criminals impersonating law enforcement or other government agencies.
Phishing and Wallet Theft
Scammers use phishing emails or fake websites to trick individuals into disclosing their wallets and/or private access keys.
Impersonating Authorities or Third Parties
Scammers impersonate Coinbase, Binance, the IRS, the police, or “fraud investigator” services to direct crypto users to their cryptocurrency wallets.
Can You Reverse a Bitcoin Scam? Yes, But Timing Matters
1) Report Immediately
An individual report will not, by itself, start an investigation; however, delay in reporting allows an individual the opportunity to hide or transfer their property/assets to untraceable wallets or “mixers”. By reporting the crime early, the ability to create documentation to support forensic asset freezes will be established.
2) Blockchain Forensics
The ability to trace wallets and users through paths of movement, transaction exchanges, and clusters of accounts is possible by using Blockchain Forensic Tracking Tools, like those offered by Lionsgate Network.
3) Forensic Recovery Services
Law enforcement agency will only respond to submissions for the issuance of subpoenas, freezing User accounts, or seizing User assets once they receive a “forensic report” on behalf of the victim. If your complaint does not include a forensic report, your complaint will be placed at the bottom of the stack. If your complaint does include a forensic report, it will be considered to be an “actionable case”.
Prevention Is Still the Best Defense
Scam prevention tips include:
- Use only established related sites
- Enable two-factor authentication on all platforms
- Avoid conducting transactions over public Wi-Fi
- Do not reply to unsolicited emails offering investments
- Hold private keys in an offline or cold wallet
Be aware of any claims of “guaranteed profits.”
The Power of Blockchain Forensics
Crypto criminals thrive off anonymity. Cybercrime analysts are able to strip that anonymity via:
- Address clustering
- Exchange attribution
- Cross-wallet behaviour profiling
- Evidence lifecycle tracking
- Freeze and seizure preparation.
Through this evidence, legal action can be pursued. Therefore, this method is the only way that Law Enforcement will engage with you.
Therefore, by using accredited cybercrime analysts, not only do you increase your likelihood of recovering assets from an Exchange freeze, but you also qualify for Subpoenas and Seizure Orders.
Red Flags: How to Spot Fake Recovery Services
Many individuals think they are safe from future incidents of fraudulent activity after being defrauded once, however for some the con artists return in a different capacity as “recovery” agents. If you receive solicitation from a “recovery agent”, be mindful of the following red flags:
- They collect fees before investigating your case
- They make promises of 100% money recovery
- They cannot provide detailed information and documentation of where your stolen funds were sent
- They do not have a physical location with a verifiable address/valid registration
- They will pressure you and force the urgency of acting immediately
- They provide no written service agreement
- They cannot explain how law enforcement will be involved.
Scammers thrive on desperation. If someone is pressuring you to make payment quickly, they are likely exploiting your experience rather than aiding in your recovery of losses.
Green Flags: How to Recognize Legitimate Recovery Support
Scammers are the opposite of legitimate recovery partners as they are:
- Offer a mandatory/inclusive forensic preliminary assessment
- Only accept “high potential recovery” cases for onboarding
- Clearly show where you funds moved to, before you pay
- Provide evidence for subpoenas and seizure orders
- Provide Proof of Registration and Verified Address
- Warn you in regard to false guarantees and unrealistic promises
- Work in conjunction with: Exchanges, Custodians, Banks and Law Enforcement
- Provide a legally binding service agreement prior to payment
A legitimate recovery firm is not asking for you to trust them – they are providing you with evidence prior to any decisions.
Conclusion: Hope With Precision
If you have lost cryptocurrency due to a theft or scam please contact us for a free investigation into how you might get your coins back
The first step in the recovery process is to evaluate whether we have enough evidence available to pursue a successful recovery effort, at no cost to you.
A reputable crypto recovery service will only continue with your case once they have determined you have sufficient evidence and establish that there is a reasonable case that your cryptocurrency can be recovered.
If you are a victim of a crypto scam recovery, you may be able to take advantage of the free preliminary review and verified method of recovering your stolen money.
