Cryptocurrency scams are currently on the rise. Thus, many are scared of investing in Cryptocurrency for fear of their crypto being Stolen from them. This is why the Coin Dispute Network has been established to track down illegal transactions or theft on the blockchain; thus, guaranteeing the safe return of your crypto to your wallet.
Below is what a past client of the Coin Dispute Network has to say about how the brand monitors and locates your stolen funds.
How Does The Coin Dispute Network Monitor And Locate Stolen Funds?
The Coin Dispute Network helps its clients to recover their stolen Cryptocurrency. This is done in 4 steps. First, you must report the case to the Coin Dispute Network as soon as possible. The CDN will then investigate the claim and analyze the blockchain to locate your funds before it leaves the blockchain.
Afterward, the scammers will be identified, and the company will create a formal dispute report to dispute the issue. Next, we leverage our network of stakeholders and crypto contacts within the community to investigate the matter further, dispute it and recover your funds.
Lastly, these funds are tracked 24/7, and all exit points are monitored to catch the scammers before they exit the network immediately.
If I Get Scammed, How Do I Contact The Coin Dispute Network About My Stolen Cryptocurrency?
All You need to do is visit the Coin Dispute Network website and input your name, email address, and the amount stolen.
How Long Does It Take For My Cryptocurrency To Be Recovered?
It is best to report your stolen fund’s issue as early as possible. It might take weeks to months to recover your stolen crypto.
How Can I Prevent My Cryptocurrency From Being Stolen?
To prevent your Cryptocurrency from being stolen, it is essential to be very watchful before you invest in any coin or input your details on any sites. Do adequate research before investing and avoid Ponzi schemes that promise high returns for little to no investment.
What Are Some Of The Popular Cryptocurrency Scams?
Fake websites are one of the most common crypto scams. It involves the creation of counterfeit exchange sites. These websites are made to look original, so new or unfamiliar users will easily fall prey to this scam. The transactions made on these sites are affected, and you only lose your money, or your personal information will be stolen upon input.
Another popular cryptocurrency scam is the pump-and-dump scheme.
These schemes are scams that involve falsely pumping the price of Cryptocurrency to encourage investors to buy it. However, once the prices spike, the pumpers will sell off their investment, thus, causing the coin to crash, and people who do not find a way to sell it off will lose all their investment.
Are The Services from Coin Dispute Network Actually Effective?
The Coin Dispute Network was founded in 2013. Since then, they have helped hundreds of clients to recover their stolen funds from crypto scams.