An investment fraud lawyer may help you with a legal claim against Kraken if you had cryptocurrency stolen from your account and want to recover against the crypto exchange. Unfortunately, Kraken cannot typically recover stolen cryptocurrency. However, if you locate your stolen cryptocurrency, Kraken can work with law enforcement to freeze it.
Consult with a Kraken hacking & theft lawyer if you want to recover against Kraken for your stolen cryptocurrency. Your attorney will review your case and let you know if you can take legal action against Kraken.
How Can You Recover Against Kraken for Stolen Crypto?
Kraken cannot usually recover your stolen crypto directly. If you believe you are the victim of a Kraken cryptocurrency hack and theft, you should still report the incident to the crypto exchange right away. This increases your chances of recovering against Kraken for your stolen crypto.
Once you notify Kraken about your stolen cryptocurrency, the crypto exchange will help you secure your account. You can also report your crypto theft to the FBI’s Internet Crime Complaint Center (IC3) and your local police department. From here, you can work with these parties to investigate the incident and find out who may be responsible for it.
Even if Kraken cannot recover your stolen cryptocurrency, you could have grounds for going to arbitration with the crypto exchange. In arbitration, you could get money for some or all of your crypto losses. Meet with a cryptocurrency hacking & theft lawyer, and they will explain if Kraken arbitration is a viable option for you.
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$350 Million for Our Clients Nationwide.
Can I Recover Against Kraken for My Stolen Crypto?
Depending on the circumstances of your situation, you may be able to recover against Kraken for your stolen cryptocurrency. Since cryptocurrency transactions are typically irreversible, it is highly unlikely that Kraken will voluntarily compensate you if crypto is stolen from your account.
Per Kraken’s terms of service, the cryptocurrency exchange generally resolves user disputes via arbitration. Let a cryptocurrency hacking and theft attorney who has helped past clients achieve outstanding case results teach you about Kraken arbitration. If warranted, they will guide you through arbitration and put you in position to pursue compensation for your crypto losses.
Start Kraken arbitration by submitting, through an experienced crypto lawyer, a formal complaint to the cryptocurrency exchange within 30 days of when you discover crypto has been stolen from your account. Initially, Kraken may try to settle the dispute without arbitration. Or, if arbitration is required, your lawyer will gather evidence to support your claim and argue your case accordingly.
How to Recover Against Kraken if Crypto Has Been Stolen from Your Account
Act quickly as soon as you notice that cryptocurrency has been stolen from your Kraken Wallet. Below are steps you should take that will help you recover against Kraken for your stolen cryptocurrencies or prove in arbitration that the crypto exchange should be held accountable for your monetary losses.
1. Secure Your Devices
Conduct a malware scan on your devices and reset them to their factory settings. Next, update the passwords of your email accounts and add two-factor authentication (2FA) if you’re not using it already. Doing these things will minimize the risk that more crypto will be stolen from your Kraken Wallet.
2. Report the Security Incident to Kraken and the Authorities
Utilize the chat icon on the bottom right of the Kraken page to inform a live chat specialist about your security incident or report your crypto theft through the exchange’s support center. Along with contacting Kraken, notify the FBI and local law enforcement. When you report the incident, share your crypto transaction details and other relevant information.
3. Document Everything You Do to Recover Your Stolen Crypto
Keep track of all of your communications with Kraken regarding your stolen crypto. Trust a lawyer with crypto and hacking case experience to collect evidence from a wide range of sources to strengthen your case. Your lawyer can help you file a complaint against Kraken and get you ready for arbitration.
It is incredibly difficult to get stolen cryptocurrency back. Thankfully, you do not have to face the aftermath of a Kraken account hack and theft alone. Meyer Wilson Werning knows what to do if money is stolen from a hacked crypto account. They will help you recover against Kraken for your stolen crypto or submit a claim for compensation from the cryptocurrency exchange.
Our lawyers are nationwide leaders in investment fraud cases.
Get Legal Help if You Want to Recover Against Kraken for Crypto Stolen from Your Account
Having cryptocurrency stolen from your Kraken account can make you feel like your world is ending. The team at Meyer Wilson Werning understands the challenges that Kraken users will face as they try to recover against the cryptocurrency exchange for your stolen crypto. With a securities lawyer on your side, you can receive legal support if you proceed with a Kraken complaint.
Our team has obtained more than $350 million for our clients. If you are the victim of a Kraken hack or theft and want to recover against the cryptocurrency exchange, we may be able to help you with your claim. Contact us today for more information.
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