SIM swapping can happen to anyone! (It even happened to a Coin Counsel team member. Read more about that here). In this typical financial scam, fraudsters collect information about their victims and call their mobile carriers. By impersonating their victims, scammers are able to convince mobile carriers to switch their victim’s mobile number to a SIM card on their phone. From there, phishers can access their victim’s banking and cryptocurrency information. Victims won’t even notice that their account has been taken over until they’re locked out of their accounts. We’ve helped hundreds of people get compensated for their lost funds by pursuing legal action against mobile carriers and/or cryptocurrency companies like Gemini and Coinbase.

The practice of ‘fattening a hog before the slaughter’ occurs when a scammer uses impersonation tactics to lure their hog (victim) into sending them money or investing in cryptocurrency from websites managed by the scammers. Pig butchering can occur on dating sites, Whatsapp, social media, and other forms of online communication. Scammers win their victims’ trust before convincing them to contribute funds with the promise of a return on their investment. We use forensic tracing to track down these scammers and pursue the cryptocurrency company that allowed this fraudulent transaction to occur.

Online romance scams are a type of pig-butchering scam, where the impersonator lures in their victim through romantic tactics. These financial scams typically occur on dating websites or private messages on social media. The scammer earns their victim’s trust by creating a fake identity and developing a ‘relationship’ with them. Ultimately, they ask their victims for money and tell them where to send the funds.

Phishing scams are another type of impersonation scam which occurs when a scammer impersonates a reputable company and tricks victims into sending them money. Scammers typically contact their victims through email or phone call and convince them to send over sensitive information linked to their cryptocurrency or banking accounts.

We advise companies on fund formation and investments.

Forming a fund can require structure and legal oversight. That’s when we step in to draft documents and contracts in compliance with securities laws. We counsel on fund structure, compensation provisions, valuation procedures, and more in the fund formation process.

If you’re the victim of a cryptocurrency scam, we track down where your money has been sent on the blockchain. We’re here to trace where your money went and who your fraudsters are. Once we identify those key details, we can pursue legal action and recover your funds.