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Investors have lost millions of dollars in cryptocurrency after cellular companies provided unauthorized access to the personal and financial information of holders of cryptocurrency.
If you have sustained losses in cryptocurrency as a result of a cellular or mobile phone company’s data or security breach, contact Selinger Law immediately. You may be able to recover your losses through a lawsuit or arbitration claim if your losses were caused by a company’s negligence. Our cryptocurrency lawsuit attorneys can help you understand your rights and your potential for recovery.
What Is Cryptocurrency?
Cryptocurrency is a digital currency secured through blockchain technology. The technology behind crypto is decentralized and creates an immutable ledger online of all transactions. However, since it is decentralized and relatively new to the market, crypto has little oversight from state or federal regulators.
Investors are at risk for fraud such as Ponzi-like schemes and may be vulnerable to digital hacking. While transactions utilizing blockchain technology are secure and difficult to change once entered into the ledger, the devices that are used to hold digital information may be prone to security and data breaches.
Common Types of Cryptocurrency
There are thousands of cryptocurrencies currently on the market, but only a small portion have made waves with investors. These digital investments range in value from fragments of a dollar to tens of thousands in the case of Bitcoin. It is important to note that the crypto market can fluctuate dramatically. Bitcoin, for example, lost nearly half of its value after peaking at over $60,000 in Spring 2021.
For many investors, cryptocurrency and digital investments are extremely speculative. Crypto exchanges have also been plagued by Ponzi schemes, deception, and other fraudulent activities. There is litigation occurring throughout the country alleging that investors were defrauded by companies claiming to be a safe platform for cryptocurrency transactions, only to result in millions of dollars in losses for victims.
Some of the most popular types of cryptocurrency include:
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- Stellar (XLM)
- Binance Coin (BNB)
- Cardano (ADA)
- XRP (XRP)
- Dogecoin (DOGE)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Chainlink (LINK)
- Polkadot (DOT)
- Monero (XMR)
- USD Coin (USDC)
Cryptocurrency Practice Areas
At Selinger Law we help those victimized by fraudulent crypto transactions and cryptocurrency theft recover their losses. We handle cases nationwide and have secured large recoveries on behalf of investors throughout the world.
If you have been the victim of Crypto Theft which resulted in losses of $100K or more, you might be eligible to take part in an investigation regarding a potential legal action. Subject to our internal investigation which includes digital asset tracking and a determination of the sophistication of the scam.
Our cryptocurrency practice areas include but are not limited to:
- Anti-Money Laundering Safeguards and Procedures
- Asset Security
- Cryptocurrency Ponzi Schemes
- Decentralized Finance (DeFi) Compliance
- Distributed Denial of Service (DDoS) Attacks
- Financial Crimes Enforcement Network (FinCEN) Compliance
- Initial Decentralized Exchange Offerings (IDOs)
- Initial Coin Offering (ICO) Compliance
- Privacy and Data Security Breaches
Contact Selinger Law Today for a Free Case Evaluation
Contact Selinger Law to discuss your case directly with a skilled cryptocurrency lawsuit attorney. Most cases are handled on a contingency fee basis, meaning that you do not pay Law attorneys fees unless we recover money on your behalf. Call 800-928-9445 for your free case evalutation.