Originally published on: September 25, 2024
Finding your crypto after being scammed may seem like an impossible task. However, private investigation firms like Lionsgate Network are claiming to have success in retrieving lost funds. According to Lionsgate, they have recovered over $4 million in stolen and lost crypto funds.
The founder and CEO, Bezalel Eithan Raviv, stated that their success comes from their analysis and technology in the crypto space. While locating the funds is challenging, recovering them is another battle. Lionsgate forwards their analysis to cybercrime experts within the victim’s jurisdiction to freeze the scammer’s account on centralized exchanges.
In one case, Lionsgate was able to recover $100,000 for a surgeon in Florida who fell victim to a pig butchering scam. This type of scam, where a scammer gains the victim’s trust and convinces them to invest in a fake opportunity, is quite common in the crypto world. Lionsgate traced the funds, confronting the scammer with blockchain evidence, and ultimately retrieving the victim’s funds.
While not all cases end with successful recoveries, Lionsgate is making strides in collaborating with law enforcement to help fraud victims. As crypto scams become more prevalent, it’s crucial to remain vigilant and seek help from experts like Lionsgate Network to recover your stolen assets.
