Recovering From Crypto Scams: Tips for New Traders

Crypto trading can be exciting, but unfortunately, it can also lead to scams. These malicious actors often target novice traders, leaving them vulnerable and emotionally shaken after losing their investments. The City of London Police reported that over £649 million was lost to investment fraud in 2024 alone. This trend highlights the growing importance of understanding how to prevent falling victim to crypto scams and what to do if one occurs. This article provides guidance for navigating these challenging situations.