FAQ over crypto fraud & prevention
How do I know if my broker, intermediary, or exchange is reliable?
Use only reliable platforms such as Coinbase, Kraken, Bitvavo, or MetaMask.
Scammers often use domain names that closely resemble those of well-known exchanges. Always check the domain name carefully and consult a professional if in doubt. Never invest through a platform whose authenticity you have not fully verified.
Red flags include the absence of clear contact details on the website, missing or incorrect legal information such as a company registration number, or a vague or nonexistent business address. Be sure to review the list of companies operating irregularly in Belgium.
Do I have to pay a European tax to release my funds?
No. The European Union doesn't levy taxes on the release of funds, and certainly not specifically on crypto earnings. Platforms or intermediaries that ask for upfront tax payments to release your crypto are scams.
What if I receive an investment offer via social media?
Be extremely suspicious of offers via social media, WhatsApp, or Telegram. Reputable exchanges and financial institutions will never contact you unsolicited to offer investment opportunities.
How can I store my crypto safely?
Preferably store your crypto on a personal hardware wallet (such as Ledger or Trezor) instead of on exchanges. Always use two-factor authentication (2FA) and store your recovery phrases offline and in a safe place.
Under the motto "not your keys, not your coins," the safest way to store your crypto is in a personal hardware or software wallet where you control the private keys yourself. Only those who hold the keys have full control over your crypto assets.
What do I do if I think I'm a victim of crypto fraud?
Immediately stop all payments to the scammers. Also, do not pay any third parties who contact you with the promise of recovering your assets: this is often part of the same or another scam.
File a complaint with the police as soon as possible and report the incident to the FSMA (Financial Services and Markets Authority). If necessary, contact a lawyer to discuss whether and how legal proceedings can be initiated.
Contact
Aeacus Lawyers is at your service for all your legal questions. You can contact us without obligation at the email address below or by completing the form below. We will get back to you as soon as possible.