As covered in our recent TikTok article Investment fraud is extending beyond traditional areas like bonds, pensions, and stocks. Cryptocurrency has become the latest space where scammers are swindling people’s hard-earned money, enticing them with promises of high returns in a short period. These scammers use social platforms like TikTok and Instagram Reels to attract potential investors, then follow up with cold calls to persuade them to invest with promises of high returns.|
The below article highlights another in a line of mis-sold crypto investments. The severity of the levels of fraud involved in cryptocurrency investing vary, however, as cryptocurrency remains an unregulated investment prosecuting the parties involved by itself rarely leads to investors being compensated.
However, whilst cryptocurrency itself is not a regulated investments, the promoting of cryptoassets may provide access to financial compensation or redress.
If you are worried you may have been a victim of crypto mis-selling you are not alone. You can read more about how to claim on our Crypto Claims page or if in doubt why not schedule a no obligation exploratory call with on of our team today.
