Crypto

Full Recovery of Funds Lost to Cryptocurrency Investment Fraud

Full Recovery of 1 Billion KRW Fraud Loss

사건 개요

Client Information: Individual / Party

Case Details

The client, residing in a rural area, had little to no investment experience, not even engaging in stock investments. However, at the urging of an acquaintance, they attended a presentation on a cryptocurrency staking business. The client was swayed by the scammer's persuasive language and promises of high returns, leading them to start investing.

Initially skeptical, the client invested 10 million KRW. Two weeks later, the scammer transferred 3 million KRW as “profit” to the client’s account as bait, making the client believe in the profitability of the venture. Convinced it was a once-in-a-lifetime opportunity, the client subsequently transferred a total of 1 billion KRW to the scammer over the next five months. The scammer initially returned 30% of the investment regularly but eventually stopped payments and became unresponsive.

Growing suspicious, the client's family sought assistance from Decent Law Firm.

디센트 전략

When involved in financial fraud, rushing to file a cyber report or police complaint may not always be the best course of action. With thousands of complaints and reports filed daily, relying solely on cyber reports may not lead to a timely resolution. In financial crime cases, premature actions could give the fraudster a chance to hide assets or flee abroad.

Therefore, Decent Law Firm first consulted with the client to secure essential evidence to substantiate the crime and identify the fraudster’s location. We then presented the client with options, including filing a criminal complaint, initiating civil litigation, and pursuing alternative dispute resolution. The client chose to proceed with alternative dispute resolution.

결과 및 의의

"Full Recovery of 1 Billion KRW Fraud Loss"

With the assistance of Decent Law Firm, the client recovered the entire 1 billion KRW lost to cryptocurrency fraud without resorting to litigation or filing criminal charges.