How can I get back my stolen bitcoin? My Luno account was hacked and all my bitcoin was stolen.

The cryptocurrencies (such as Bitcoin) has resulted in a greater number of people wanting to invest in this form of digital currency. Unfortunately, cyber criminals have taken advantage of this opportunity by scamming victims into parting with their money. This type of scam can come in different forms, but it usually ends up with you, the victim, being tricked into sending money or cryptocurrency to an investment that will never materialise. These scams include:

Fake Investment Websites

‘Pump and Dump’ schemes

Fake ICO’s (Initial Coin Offerings)

Giveaway Scams

CONTACT DETAILS.

Cryptoassetsantiscaminvest@gmail.com

Fake Investment Websites – These sites aim to promote a “get rich quick” scheme whereby a user deposits flat money or cryptocurrency into a user account or wallet with the hopes of receiving a large return. However, once the funds have been transferred, victims may find that they are unable to withdraw any of their flat or crypto inside of that account. Scammers take advantage of this further and may demand further payment in order to be able to ‘unlock’ the funds.

‘Pump and Dump’ Schemes – This scheme works by scammers misleading victims to invest into a particular cryptocurrency (hence ‘pumping’ up its value). Once the price of that cryptocurrency goes up, scammers would ‘dump’ and sell off what cryptocurrency they have to rake in large profits. Victims would find that the value of their cryptocurrency falls sharply and in return lose money.

Fake ICO’s (Initial Coin Offering) – When a start-up or company wishes to raise funds, it may launch an ICO and entice investors to invest a certain amount of bitcoin (or other forms of cryptocurrency) to purchase the company’s newly introduced coin. A fake ICO involves a scammer enticing victims to invest in a coin that does not and has never existed.

Giveaway Scams – This type of scam is prominent on social media platforms. Scammers would hack or impersonate legitimate accounts (usually celebrities and high-profile figures) and pretend to be giving away crypto. Victims would be asked to send a certain amount of crypto to the scammer in which they would receive double of what they initially put.

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