Should I hire a lawyer after a crypto scam?

asked 9d ago5,243 views1 answers
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Loss is around $60k. Worth getting a lawyer involved or is it pointless?

#legal#civil-recovery#cost-benefitasked by Carmen

1 Answer

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Verified expert answer

At $60k, civil recovery becomes worth considering if (a) the destination exchange is in a cooperative jurisdiction (UK, EU, Singapore, US), and (b) you act within 90 days. Below $25-30k the legal cost typically eats any recovery.

The usual sequence:

  1. Forensics report identifying the receiving exchange — without this, no lawyer can act.
  2. Letter before action to the receiving exchange's compliance team.
  3. Pre-action disclosure application against the exchange for KYC data.
  4. Worldwide freezing order if the funds are still identifiable.
  5. Recovery proceedings against the named account holder.

For your case size, get a forensics report first (small fixed fee), then a 30-minute paid consultation with a civil recovery lawyer. Avoid no-win-no-fee firms that demand large upfront 'investigation retainers' — that's a recovery scam pattern.

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