Broadoak Capital putting a halt to rising Cryptocurrency scams

The problem with new technology and trends is that there will always be people looking to exploit those who are buying into these new trends. Despite how secure cryptocurrency is believed to be, scammers have been running rampant since Bitcoin hit the roof. Today, you can see multiple coins on the market in varying degrees of reputability and multiple investors falling prey to Crypto scammers. Enter Broadoak Capital, a fund recovery agency that has over ten years of experience in fund retrieval and has recovered over millions of dollars for their clients. 

Rug pulls have become rather commonplace in the Crypto industry, whereby investors are convinced to purchase newly minted coins or tokens. When enough money is poured into the coin, it raises the value, and the scammers would then sell everything at once and disappear with their customer’s money. 

Blockchain may be touted as a secure and transparent technology, but the fact is that people do not need any kind of identity verification before creating open wallets which means that transactions, while secure in of itself, may be going to a completely anonymous individual. Financial institutions have KYC protocols in place, which requires identification and is why you’ve never heard of a bank closing shop and fleeing with their customer’s money. 

Furthermore, fraud protection is available for bank accounts - there’s no such thing for your Crypto wallet. Being an unregulated and decentralized platform, there is no Crypto institution victims can report to. Their money has to be paid back directly from the recipient. The only way to reduce your risk of being scammed is trading established or mainstream cryptocurrency. When it comes to lesser known or new cryptos, there are less security measures in place. 

Broadoak Capital was founded to help recover the funds of their clients through a methodological process where they assess your situation, formulate a plan to recover your funds, and execute that plan. 

“We don’t make promises that we can’t keep,” says a representative from Broadoak Capital, “and knowing what our clients have gone through, we place a very strong focus on transparency, keeping our clients in the loop constantly to assure them that they are in good hands.”

Aside from being an asset recovery firm, Broadoak Capital also provides advisory services to ensure that their clients do not become victims again. According to one happy client who recovered over $300,000 USD, “They are experts and are extremely dedicated to the process of data collection, analysis and eventually providing the best outcome possible. They helped in recovering my funds from start to finish.”

“Investing in Crypto is risky business due to its wildly unpredictable nature, never invest more than you can afford to lose,” explains a Broadoak Capital agent, “we always hear stories about how our clients were promised huge returns with guaranteed projections, but to us, that is the first red flag. There are no investments in this world which can deliver on such promises – if they did, everyone would be rolling in money… so when in doubt, don’t, unless it’s money you won’t lose sleep over.”