Over the years, the massive growth of crypto has created more opportunities for fraudulent activities. Thankfully, organizations like the Coin Dispute Network exist to keep crypto trading more reliable. Below are how the Coin Dispute Network recovers your stolen cryptocurrency and how you can avoid falling prey to crypto scams.
WHAT IS CRYPTO?
Cryptocurrency, also known as crypto or crypto-currency, is any form of digital currency designed to work as a medium of exchange through a digital network that uses cryptography to secure transactions. Crypto does not have a central issuing or regulating authority such as a bank or the government. It uses a decentralized system to issue new units and record transactions.
WHAT IS COIN DISPUTE NETWORK?
Coin Dispute Network is an organization that helps people recover stolen or lost cryptocurrency. The network helps protect its clients from being victims of scams or hackers.
TOP WAYS COIN DISPUTE NETWORK RECOVERS YOUR CRYPTO AFTER IT’S STOLEN
When you open the Coin Dispute Network (CDN) webpage, you need to input your Name, e-mail address, and the amount you lost.
The Coin Dispute Network recovers your stolen crypto in four steps:
Analyze And Locate Your Funds
The Coin Dispute Network has a team of experts that will analyze the blockchain and trace your recent transactions. This will aid them in locating your lost or stolen funds before they are completely gone.
Max Handler, Coin Dispute Network’s Co-Founder, Known as ‘The Sherlock Holmes of Crypto,’ has already led or assisted with over 500 private cryptocurrency investigations to trace and recover lost funds. Read more on how he harnessed the power of blockchain to help people find their lost crypto in this Entrepreneur.com feature.
Create A Formal Dispute Report
The next step that the Coin Dispute Network takes to track down your stolen crypto is to track down the scammers, identify the parties involved in the scam, then create a formal investigative report used to dispute the lost or stolen funds.
Leverage Their Crypto Network
The CDN then uses its network of crypto contacts and stakeholders within the community to dispute and recover your coin transactions.
Monitor And Recover Your Lost Funds
Lastly, the CDN uses 24/7 monitoring and alerts to track your disputed funds to perform a stop-recovery attempt at various exit points that the scammers might use to cash out your money.
HOW TO IDENTIFY A CRYPTO SCAM
Two of the common appearances of a crypto scam that you should take note of include:
Pump and Dump schemes
This is done when the fraudsters praise a particular coin, causing people to rush to buy it. This causes a price hike in cryptocurrency. At this point, the scammers sell their holdings.
This then causes the coin to crash and the value to decline sharply. Don’t be too hasty to invest in new coins; ensure you verify before you do so. It might be a scam.
Using cryptocurrency is relatively safe, but sometimes, scammers create fake crypto trading sites with a similar domain name to those they wish to mimic. The domain names are not the same, although very similar, so you must ensure you check the domain names well before using them.
The Coin Dispute Network (CDN) operates to bring trust back to crypto trading and money back to your wallet. Thank you for reading.