In an important win for consumer protection and fraud recovery, SJS Legal are proud to celebrate the return of £53,500.00 for a client who had unfortunately fallen victim to a cryptocurrency scam via their Revolut account.

This case underscores not only the rise in sophisticated crypto-related fraud. But also the growing accountability expected from financial institutions when it comes to safeguarding customers.

The Background

Our client had been targeted by fraudsters, posing as investment brokers, and was lured into transferring funds into a cryptocurrency platform that promised exceptional returns. Unbeknownst to them, their entire setup was a scam.

The funds were transferred via Revolut, which were then quickly converted into cryptocurrency by the scammers and moved out of reach without a trace.

Our client then sought our legal assistance and specialist fraud knowledge in an attempt to recoup his lost funds.

Recognising the urgency of the matter, and the complexity of the case, we acted swiftly. Challenging Revolut’s initial refusal to reimburse our client by highlighting obvious failures in their fraud prevention protocols and warning systems.

After persistent advocacy and expert legal representation, we secured our client a reimbursement of £53,500.00. A significant victory for our client and a strong message to financial institutions, as to their responsibilities in an ever-evolving financial landscape.

This case is a reminder that victims of cryptocurrency scam are not powerless, and that banks and fintech platforms must do more to identify suspicious transactions. Especially when dealing with high-value, irreversible crypto-transfers.

If you have been affected by a similar situation, you are not alone – and you may have options.

Have you been targeted by a scam?

If you have lost money to a scam, contact us today for a free confidential consultation.

We fight to get you your money back, and we have the results to prove it.

Call us on 0151 909 6120
Or email us at fsc@sjs-legal.co.uk