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:
- Forensics report identifying the receiving exchange — without this, no lawyer can act.
- Letter before action to the receiving exchange's compliance team.
- Pre-action disclosure application against the exchange for KYC data.
- Worldwide freezing order if the funds are still identifiable.
- 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.
PN
Priya Natarajan · Cybercrime Attorney, Recovery Litigationanswered 9d agoSign in to comment.
