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International Bitcoin Disputes

International Bitcoin Fraud Disputes

Bitcoin is a digital currency created in 2009, offering lower transaction fees than traditional online payment mechanisms and currently operated by a decentralised authority. Bitcoin can be converted into a traditional form of currency as well as bought, sold and traded on Bitcoin exchange, and, like any currency is used to buy a wide range of products and services. When a Bitcoin transfer takes place, its transfer is recorded in the electronic wallets of both payer and payee, and is also recorded in a public ledger. The Bitcoin currency is generated by a complex process of ‘mining’ and is exchanged between the parties through complex peer to peer networks. Each Bitcoin is unique and needs to be verified by solving a complex cryptographic problem. As each new transfer has to be mathematically reconciled with every previous transfer, it makes fraudulent activity very challenging. 

Bitcoin has been accepted as a valuable commodity worldwide, and is the most widely used form of cryptocurrency trading on exchanges and through retailers, however, it has become a target for frauds and scams. 

Cryptocurrency Fraud Experts Lawyers London, UK

At Selachii, our fraud investigations team have expertise in tracking and tracing digital assets. Our team work closely with agencies overseeing Bitcoin in order to seize assets obtained fraudulently. Given our experience of working in collaboration with the established practices and firms in international jurisdictions we are in a unique position to look after you should you fall victim to Bitcoin fraud or theft. As a result of our high profile involvement in the field, Selachii has carved out a name for itself within the digital currency community and the partners found themselves being asked by, among others, the Wall Street Journal, the BBC and Financial Times, to comment on all matters connected to Bitcoin and digital currency.

A recent report by the Securities and Exchange Commission in the USA has warned that innovations and new technologies are often used by to perpetuate fraudulent investment schemes and that ‘Bitcoin has the potential to give rise to both frauds and high-risk investment opportunities’. Our experienced team of experts keep itself updated with the range of modern technologies and innovations used by fraudsters to deprive the creditors and investors of their Bitcoin currency at different online platforms.

Incidences of Bitcoin fraud can often involve millions of pounds worth of Bitcoins. A multimillion pound fraud was recently uncovered where a fake bitcoin website in the US were found to be pocketing investors’ money. A couple of years previous to this, four thousand digital wallets stored on the Czech Exchange were stolen by hackers, causing investors millions of pounds in losses. There are also increasing misuses in the form of double-dipping, where a single Bitcoin is used for more than one transactions causing further losses to the investors. Our expert team utilises its skills and take swift actions to follow your investment and find out how best to protect it through our international established links in the range of jurisdictions.

Digital Currency Fraud Investigation Lawyers London, UK

Our expert team is also skilled at assessing potential warning signs of investment fraud and theft of Bitcoin and other cryptocurrencies. If you are concerned you may be entering into a fraudulent scheme, get in touch with our team. Our cryptocurrency experts can investigate and advise you on your future transactions, giving you peace of mind your investments will be safe from criminal activity.

As specialist litigation lawyers with a long and successful history of helping clients resolve disputes involving all type of Bitcoin and online fraud, we can provide expert the highest quality representation If you have been the victim of a scam involving Bitcoin or any other cryptocurrency. If you have been involved in dealings you think maybe be fraudulent, you need to act quickly. Please call us on 020 7792 5649 or email info@selachii.co.uk.

Contact Selachii - Expert Digital Currency Lawyers London, UK

Selachii is a dynamic litigation law firm with international reach based in Kensington, London. We put the best interests of our clients at the heart of everything we do. We work with both businesses and private individuals, giving them legal advice and support which is unique to them and their situation.

We don’t believe in simply handing out one-size-fits-all solutions to such serious problems. We will focus on your specific circumstances before working out the best and most cost-effective way of helping you achieve your aims. 

Call us now on 0203 733 0897 for a free consultation or fill out our online enquiry form and to see how we can help you get through tough times.

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