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How to Recover From a Crypto Scam (USA, Canada, UK)
Recovering from a cryptocurrency scam can be difficult, but it is sometimes possible, especially if action is taken quickly. Victims in the USA, Canada, and the UK should immediately stop contacting the scammer, secure their remaining assets, and gather all evidence such as transaction IDs, wallet addresses, screenshots, and communications.
The next step is to report the scam to official authorities:
USA: FBI Internet Crime Complaint Center (IC3) and the FTC
Canada: Canadian Anti-Fraud Centre (CAFC) and local police
UK: Action Fraud and local police
Victims should also notify the crypto exchange involved. If stolen funds pass through a regulated exchange, authorities may be able to trace, freeze, and recover part or all of the assets. Victims must avoid fake “recovery agents” who promise guaranteed results, as these are often secondary scams.
Example of a Successful Crypto Recovery
Mr. Louis Astridge , in the United Kingdom lost £18,000 after investing in a fake crypto trading platform. Within 48 hours, he reported the scam to Action Fraud, contacted his crypto exchange, and provided transaction hashes and wallet details. Investigators traced the stolen crypto to a centralized exchange, where the funds were temporarily held. Because the report was made quickly, the exchange froze the assets, and after a legal review, a large portion of the crypto was returned to him.
Key Lesson
✅ Fast reporting, proper evidence, and official channels increase recovery chances ❌ Guaranteed recovery promises are almost always scams
While not every case results in recovery, taking the right steps can make a real difference and help protect others from the same scam.
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