Fake Crypto Exchange Scam Recovery Services

Scammers Blocking Your Withdrawals? Don’t Let Them Keep Your Funds. Our Expert Solicitors Specialise in Recovering Money From Fraudulent Crypto Exchanges. No Win, No Fee.

Fake crypto exchanges are fraudulent websites designed to mimic or clone legitimate trading platforms such as larger exchanges like Coinbase or Binance. Scammers create these sites to trick investors into depositing funds, believing they are buying cryptocurrency. In reality, the fraudsters disappear with the money — often shutting down the website entirely.

With over 250 legitimate crypto exchanges, many operating offshore, it can be difficult to distinguish real platforms from fake ones. UK-based exchanges must be authorised by the Financial Conduct Authority (FCA) to promote their cryptocurrency, making regulatory approval a key factor in identifying trustworthy exchanges.

Fraudsters typically use ‘phishing’ tactics — cold calling, emails, texts, or social media posts/ads — to lure victims with promises of high or guaranteed crypto investment returns. These scams exploit the hype around cryptocurrency, using fake websites filled with fabricated reviews, awards, and claims of regulation to appear legitimate.

Victims are often encouraged to start with only a few hundred pounds, seeing fake profits on the platform. As trust builds, they invest more, only to find withdrawals blocked by excessive fees or the website disappearing entirely — along with their funds.

The UK Financial Conduct Authority (FCA) keeps a warning list of unauthorised firms, including hundreds of fake crypto exchanges and cloned websites impersonating legitimate companies. You can search the list here: FCA Warning List.

If you are contacted by one of the firms listed here, do not engage with them—it’s a scam. However, fraudsters often take down exposed scam sites and launch new ones under different names. Just because an exchange isn’t on the warning list doesn’t mean you should assume it’s legitimate.

If you’ve been approached by a suspicious crypto platform or already lost money, speak to our expert solicitors today to explore your recovery options.

Fake crypto exchanges often have warning signs that can help you spot a scam before it’s too late. Here are some key red flags:

• No FCA warning notice – Since 2019, all exchanges promoting crypto to UK customers must display an FCA risk warning. If missing, the platform is likely fake.
• No physical address – Legitimate exchanges provide a verifiable business address. Fraudulent ones often omit this or use a fake location.
• No reference to foreign regulatory approval – Many real exchanges operate under international regulations. A lack of regulatory details is a red flag.
• No customer service phone number – Fake exchanges typically avoid direct contact, offering only live chat with bots, email, or web forms.
• Website age doesn’t match its claims – You can check when a domain was created at lookup.icann.org. If the site claims to be years old but was registered recently, it’s likely fraudulent.
• No direct bank transfers allowed – Scammers prefer crypto payments because they’re harder to trace. They may guide you to buy crypto elsewhere and transfer it to them.
• Guaranteed high returns – Crypto investments are volatile, and no legitimate platform can guarantee profits. Promises of risk-free, high returns signal a scam.
• Poor spelling and grammar – Fraudsters set up scam websites quickly, often with unprofessional content full of errors.
• Exaggerated success stories – Fake testimonials claim users have become rich overnight. Always search for real reviews using the exchange’s domain name followed by “scam,” “fraud,” or “reviews.”

Be aware that some scams are more sophisticated, using fake addresses, contact details, and regulatory claims to appear legitimate.

Before investing in crypto, always research exchanges independently—never trust a cold call, unsolicited email, or social media ad. If you’ve fallen victim to a fake crypto exchange, contact us for a free fake crypto exchange scam recovery consultation.

Step 1: FREE initial consultation to assess your claim.
Step 2: Evidence gathering to build the strength of your case.
Step 3: Presentation of your claim to your Bank and/or redress body.
Step 4: Handling negotiations with the Bank, or their legal representatives.
Step 5: Recovering your money.

We understand that being defrauded or scammed out of essential savings will be very distressing. More than anything, we are here to listen and here to help.

Free Consultation & No Win, No Fee
We start with a free, no-obligation consultation to assess your case. If we take it on, our No Win, No Fee policy means you only pay if we recover your money.

How We Maximise Your Chances of a Refund
We build the strongest case possible by carefully examining:

• Your communication with the scammer (calls, emails, messages).
• How you were misled and the tactics used.
• The details of your transfers and the reasons behind them.
• Who you believe you were dealing with (legitimate or fake).
• Your Bank’s response and whether they followed proper procedures.

By applying refund regulations, we help prove:

• You were not negligent.
• The scam was fraudulent from the start.
• Your Bank has a duty to compensate you.

Can You Claim a Refund Yourself?
Yes, you can complain to your Bank and escalate to the FOS for free. However, refund success rates vary widely—some Banks approve most claims, while others reject nearly all.

With our expertise, we ensure your claim is as strong as possible, increasing your chances of success. Get expert legal support and a free case review today.

• Fake Crypto Trading Platforms – Scammers create fake exchanges to steal deposits.
• Pig Butchering Crypto Scams – Fraudsters build trust before tricking victims into fake crypto investments.
• Celebrity & Influencer Scams – Fake endorsements lure victims into fraudulent crypto schemes.
• Social Group Scams – Scammers exploit WhatsApp/Telegram groups to push fake investments.
• Pump & Dump Scams – Prices are inflated with false hype before scammers cash out.
• Phishing Crypto Exchanges – Fake websites steal login details and funds.
• Exit Scams – Fraudulent exchanges disappear with investors’ money.
• Unlicensed & Unregulated Exchanges – No oversight, making scams easy to run.

If you’ve lost money to a fake crypto exchange, don’t wait — get in touch and start your recovery today!

To check if a crypto exchange is legitimate, visit the UK Financial Conduct Authority (FCA) website at fca.org.uk. Here, you can verify whether:

 
However, scammers often clone legitimate crypto websites and exchanges, so these checks aren’t foolproof. Always look for common red flags (see “What signs indicate a crypto exchange might be fraudulent?” above).

If you’re considering investing in crypto, follow these two key rules:

1. Research multiple exchanges independently and never invest in response to a cold call, email, text, or social media post.
2. Seek independent financial advice from UK-regulated Independent Financial Advisers (IFA’s) to ensure you’re investing in a legitimate platform. As a rule of thumb, high-risk investments like crypto should not exceed 10% of your investable assets to minimise potential losses.

Legitimate crypto exchanges allow you to sell your crypto and withdraw your funds with reasonable brokerage or withdrawal fees, which should be clearly disclosed before you invest.

However, if you’re suddenly asked to pay additional fees to withdraw your money, it’s a red flag for fraud. Scammers use this tactic to extract even more funds, and by this stage, recovering your money may be difficult.

Romance scammers often target victims through dating apps or social media, pretending to build a romantic relationship before introducing them to a fake crypto investment opportunity.
Common tactics include:

 
Never invest in crypto-based on someone else’s advice, whether they purport to be from the exchange or not — especially from someone you’ve only met online. Always conduct independent research to verify an exchange’s legitimacy.

If you suspect you’ve been scammed, act quickly to increase your chances of recovering your money:

1. Report the scam to your bank – If your funds were transferred via a UK bank, you may be eligible for a refund under the Authorised Push Payment (APP) refund rules. Banks can sometimes stop or even reverse transactions if flagged early.
2. Report the scam to the police – File a report with Action Fraud, the UK’s fraud investigation unit, at actionfraud.police.uk or via their helpline.
3. Seek legal advice – If you’ve lost money to a crypto scam, contact our specialist solicitors for a free consultation.