Don't Fall Victim: Common Crypto Scams and Your Rights in Cyprus and Greece

The allure of high returns in the cryptocurrency market has unfortunately attracted a wave of sophisticated scams. Knowing how to spot these fraudulent schemes is the first line of defense in protecting your assets. Here are some of the most common scams to watch out for.

Top 5 Crypto Scams

1. Phishing Scams: Fraudulent emails, texts, or websites that mimic legitimate platforms to trick you into revealing your private keys or login credentials.
2. Ponzi and Pyramid Schemes: Promise high returns with little risk, relying on new investors' money to pay off earlier investors.
3. Pump and Dumps: Scammers artificially inflate the price of a little-known coin through false and misleading statements, then sell off their holdings, causing the price to crash.
4. Fake Initial Coin Offerings (ICOs): Fraudulent fundraising efforts that hype up a non-existent project or coin, only to disappear with investors' funds.
5. Malware: Malicious software designed to steal your wallet information or private keys directly from your computer or mobile device.

Your Legal Recourse in Cyprus and Greece

If you fall victim to a scam, it's crucial to act quickly. Your first step should be to report the incident to the local authorities—the Cyprus Police or the Hellenic Police's Cyber Crime Division. While the decentralized nature of crypto can make recovery challenging, it's not impossible.

The evidence from a professional blockchain forensic investigation can be instrumental in legal proceedings. At Ondology Labs, we specialize in tracing these illicit transactions and providing the documentation needed to support your case in Cyprus, Greece, and beyond. Contact us to learn how we can assist you in the recovery process.