An investment fraud lawyer may help you in a claim against Coinbase if you had cryptocurrency stolen from your account on the crypto exchange. Since crypto transactions are decentralized and irreversible, Coinbase may not recover your crypto if it was stolen due to hacking or a scam. However, there are times when you can file a claim against Coinbase to recover your lost funds.
Meet with a cryptocurrency hacking & theft lawyer as soon as you find out that your Coinbase account has been hacked and that crypto has been stolen from it. Your Coinbase hacking & theft lawyer will describe what to do after this incident. If warranted, they will represent and advocate for you if you submit a claim to recover against Coinbase for stolen crypto.
How Can You Recover Against Coinbase for Stolen Crypto?
Unfortunately, in our experience, Coinbase does not recover crypto that’s been stolen from your account. The crypto exchange only offers a limited asset recovery service for certain ERC-20 tokens if they were sent to the wrong address. Outside of this service, Coinbase provides crime insurance to cover users’ losses caused by its storage systems.
If external actors hack your Coinbase account and steal your cryptocurrency, and the crypto exchange is liable, you may get compensated for your losses if you pursue a separate legal action.
Talk with a cryptocurrency hacking & theft lawyer if you want to recover against Coinbase for stolen cryptocurrency following a hacking incident. Your attorney can review your case and discuss your legal options with you. They can provide insights into how to recover against Coinbase for your stolen crypto if your account was hacked and the crypto exchange is at fault.
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$350 Million for Our Clients Nationwide.
How to Recover Against Coinbase if Your Account Has Been Hacked
Trust a crypto hacking and theft lawyer can help you take action immediately if you see that cryptocurrency has been stolen from your Coinbase account or notice other suspicious activity that indicates it has been hacked. Below are steps to follow that may help you recover after a Coinbase account hack.
1. Secure Your Coinbase Account and Devices
Lock your Coinbase account and reset your password. Additionally, run antivirus or anti-malware software on any devices you use to access your Coinbase account.
This will help you identify keyloggers or other malicious software that may have contributed to your Coinbase hack and theft, and crypto being stolen from your account.
2. Report the Security Incident to Coinbase and the Authorities
Inform Coinbase about your hack and theft in writing and provide the crypto exchange with details about any unauthorized account activity.
You should also file a complaint with the FBI’s Internet Crime Complaint Center (IC3) and your local police department. Keep records relating to your security incident, as these can boost your chances of getting money for your losses.
3. Evaluate Your Legal Options with a Coinbase Hacking & Theft Attorney
Consult with a securities attorney who understands the challenges you will face after a crypto hacking and theft incident. Your lawyer knows what to do if money was stolen from your hacked crypto account. In your case, they may ask for help from a forensics firm to track down your stolen crypto. Or, they may advise you to pursue compensation through Coinbase arbitration.
Ultimately, it is incredibly difficult to recover crypto from Coinbase following an account hack on your own. Thankfully, legal help is available. Partner with a cryptocurrency hacking & theft attorney within days of when you learn that your Coinbase account was hacked and crypto was taken from it. Your lawyer can explain how to recover against Coinbase for your stolen crypto promptly.
Get Legal Help to Recover Against Coinbase for Your Stolen Crypto
Meyer Wilson Werning is a trusted choice for those in need of legal representation and advocacy in crypto hacking and theft cases.
We have obtained more than $350 million in compensation for our clients. Our investment fraud attorneys will work hard to help you recover financially if crypto has been stolen from your Coinbase account. Contact us to learn more.
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