WRS

16/11/2022

Abu Dhabi taking steps forward in advancing the laws to making blockchain uses safer for all involved.

The move comes amid other financial changes in the Gulf state. Blockchain technology is also used for cryptocurrency.

04/11/2022

Just because a celebrity like Kim Kardashian promotes the buying of digital currency, are you safe to do so ... and what do you do if it's a scam?

Many people have bought digital currency as a road to quick riches, often on the back of an advert, email or even after seeing a social media post by a famous celebrity.
Sometimes these are adverts are genuine but what can you do if they are a scam and you have invested your hard earnt money or inheritance.
At Wealth Recovery Solicitors - WRS we are a specialist regulated law firm headed by solicitors Joshua Chinn and Claire Stewart and they can help recover your money if you have fallen victim to fraudsters or have been negligently advised on your investments.
Whilst these scamming companies give you the impression that you cannot recover your money and try and make you feel all hope is lost, here at Wealth Recovery Solicitors - WRS we take strong action on your behalf, using our expertise to help ensure the best possible outcome.
For your free consultation and to start recovering your losses today, call us on 0203 695 9239 or email us at [email protected]
We can offer No Win No Fee, for qualifying cases, to give you peace of mind.

https://www.trustnet.com/news/13272355/fca-chair-warns-on-crypto-scams-after-kim-kardashian-instagram-advert?fbclid=IwAR0WESmzPiU9frvi8dVt0LMRSfBNrl8RmrPLCMwtzOQMMdzBvjed3APzBaY

News archive including articles on Fund Managers, Fund Selection, Asset Allocation, Absolute Return, Offshore Investments, Tax Shelters, Insurance bonds. FCA chair warns on crypto scams after Kim Kardashian Instagram advert | Trustnet

03/11/2022

Thank you to City AM for the latest write up about us.
Read how we have invested in the latest technology to help our clients who have lost monies via digital currency.
Have you lost money via digital currency?



https://www.cityam.com/the-rise-of-the-crypto-lawyer-glaisyers-strikes-deal-with-specialist-crypto-firm/?fbclid=IwAR2Yu3WLZEcHI6MuAmfY9EgoghJ68oqLJl5q40umxgLOyeoyVHw8Ag2JHMw

Commercial law firm Glaisyers ETL has struck a deal with a Stockport based law firm that specializes in recovering stolen crypto assets, amid a rise in

01/11/2022

TESTIMONIAL TUESDAY (not one but two)
Special mention to Nic Roe for all his efforts in helping our clients through a particularly tough time-
''From my first dealings with Wealth Recovery, I felt supported, and I was thoroughly advised at every stage in the process of recovering a good percentage of lost funds. I felt able to trust them, and was not disappointed with the outcome of a difficult case. I always received a swift, supportive and honest response to any of my queries during the process. These people understand how to approach a situation and the right pace to move things forward. I would not hesitate to recommend their services. Be reassured that help is available in what can be a very distressing situation. Thank you so much.''
and
Briliant service, outstanding Solicitors. I cannot recommend WRS enough for supporting me through a difficult time. They provided a brilliant service and I would 100% recommend them to anyone. They were extremely helpful, keeping me informed throughout every aspect and provided me with expert advice, Josh and Nic are truly a credit to the company. Extremely knowledgeable, friendly and reassuring, clearly experts in their field, identifying the many flaws in the other parties arguments. We persevered and after some considerable time resulted in the more than fair outcome we had initially set forward from the outset. Many thanks to Josh and his team! *****

31/10/2022

Very exciting times ahead, read ETL Global UK Article

https://etl-global.com/another-acquisition-for-legal-services/?fbclid=IwAR0nQIFsBCXK0mzpvepyTGQC4Z5l1Iv3zpq8t5K-mlYMRlp-bvZhxdDtIpM

ETL GLOBAL news in the UK. ETL GLOBAL Member Glaisyers Solicitors has acquired a minority stake in Wealth Recovery Solicitors Limitd (WRS)

29/10/2022

When looking for a recovery company it is important to make sure you have instructed a properly regulated firm who have true and proper credentials.
Some of the things to look out for when looking to instruct a Recovery firm
1. Is the address actually the company's address- can you meet any representatives from the firm in person
2. Is the firm's credentials on an independant website, for example a law firm can you find the solicitor's SRA ID number or can you find the law firm's details on the Law society website?
WRS Featured in the law gazette today-
https://www.lawgazette.co.uk/news/national-firm-scents-opportunities-in-crypto-crime/5111398.article?fbclid=IwAR1luWc2uZrvwwEXoPydTrHxd2FI6lTGy-3HmXQRZ_3TiInhBGlJZB3U42I

Welcome to The Law Society Gazette - publication of record to solicitors in England and Wales since 1903

28/10/2022

Always great receiving feedback like this from our clients- we pride ourselves on great client care-
''I was pressured into making deposits into a CFD Trading account and lost quite a lot of money. WRS helped me recover some of the money lost. Josh and his team were brilliant and were always at hand to answer any questions. Thanks you 🙂''

27/10/2022

On August 23, The Formula one racing company filed 2 separate trademarks involving NFTs, Virtual currency services & Digital collectibles/ Merchandise for their Las Vegas Strip circuit and more specifically the 2023 Grand Prix racing event.
👉 The trademark also mentions a “downloadable computer software for digital currency transactions”, hinting at the potential for digital currency payments being supported at future F1 events.
👉 We have also seen several other motor companies such as McLaren, Mercedes-AMG & Hyundai enter the Web-3 & NFT world, with The MotoGP also signing a sponsorship deal with Cybersecurity and blockchain firm CryptoDATA Tech.
👉 Recently, we are seeing many large brands attempt to bridge the gap between the digital and physical world, brands such as Sports Illustrated, Arizona Iced Tea and music industry giants republic records have all filed trademarks for NFT’s, digital currencies and other web-3 related products.
Overall, the shift towards Web-3 in the business world is seeing extremely rapid growth in recent times and we are excited to see how this industry continues to develop!

Formula One has made inroads into NFTs and the metaverse space with trademark filings ahead of the Las Vegas Grand Prix slated for November.

21/10/2022

We’re really glad we could help Mark.
As someone who had written that money off, it was a pleasure to help re-claim it back. Thanks for the glowing review.

Contact us today for a free consultation!

20/10/2022

We’re delighted to share WRS ETL’s feature in The Cheshire Magazine!
‘5 minutes with Joshua Chinn’ features board member David Jones and provides an insight into the services Wealth Recovery Solicitors offers their clients.
WRS specialises in recovering investments lost through negligence and scams, using the latest software and technology to offer a cutting-edge service.
This article further affirms their position as one of the country’s leading recovery agents - we’re pleased to be working together to maintain and build on this reputation in the future. Take a look → https://lnkd.in/eHAJEa4W

20/10/2022

Tornado cash has been revealed as an important tool for scammers looking to launder stolen proceeds from NFT scams with over 50% of the funds gained from NFT scams passing through this platform.

- Over $100 Million worth of NFT’s have been stolen between July 2021-2022 as reported by Elliptic. The average amount made by the scammers was $300,000 USD per scam, however, just one CryptoPunk ( #4324) stolen in the elaborate scheme was sold for almost $500,000.

- In December 2021, one single victim had 16 “Blue Chip” NFT’s worth a whopping $2.1 Million stolen from their account. These so-called “Blue Chip” projects have seen an increase in scam activity due to the high desirability of these projects. Another example of this was seen when hackers targeted the
Interesting article in the Guardian, here is a quick summary below:

BAYC official Instagram account which resulted in a loss of $3 Million worth of BAYC NFT’s stolen.

- Despite scammers consistently developing new ways of stealing digital assets, one of the most prominent and profitable methods seems to be via “trojan horse” smart contracts & Malicious airdrops which have the ability to drain wallets once they are interacted with. Always be careful when interacting with any type of digital asset or smart contract, if you are unsure on the source it is often better to avoid any sort of interaction.

Criminals took an average of $300,000 worth of non-fungible tokens per scam, says cryptocurrency firm

19/10/2022

Breaking news: The White House has just put out a framework for Digital currency regulation, below you’ll find a short summary of what is included and the potential implications this could have for the digital currency market.
Brian Reese, Director of the national economic council has stated these new guidelines are an attempt to position the U.S as a leader in the governance of the digital currency industry both nationally and globally.
These news come following an executive order issued by President Biden in March 2022 which called on federal agencies to examine the potential benefits & risks of digital currencies and also issue a report on their findings.
This order focused on 6 key areas which are: Consumer protection, Financial stability, illicit activity, U.S competitiveness and innovation. The Biden administration is also exploring a digital version of the dollar, something we have already reviewed in our summary of Ripple XRP and their CBDC plans.
In the newly released framework, fighting illicit finance appears to be a major focus. This is no surprise considering over $1 Billion has been lost to fraudulent activity since the beginning of 2021, as reported by the FTC. The White House is also evaluating the amendment of the Bank Secrecy Act, anti-tip-off statues and new laws against unlicensed money transmitting targeting digital asset service providers including NFT platforms and digital currency exchanges.
Another major aspect of this framework is the potential amendment of certain federal statues to allow the DOJ to prosecute digital asset crimes in any of the victim’s jurisdictions. We believe this is a step in the right direction for the digital currency industry due to many scammers feeling they are able to get away with their crimes without prosecution. More information on this is due between February-July 2023, when the illicit finance risk assessment will be completed by the U.S treasury.
Although proper regulation is still yet to come, the U.S has shown a true commitment to battling financial crime in this industry with a seizure of $3.6 Billion worth of BTC in February 2022. More recently, $30 Million worth of digital currency was recovered from the Axie infinity hack by the U.S government with the help of digital currency intelligence firm, Chainanalysis.
The framework also hints at a central bank issued digital dollar and points to the potential of “significant benefits” of this type of currency including “more efficient” payment systems & “faster cross-border payment”.
Other benefits of a CBDC in the U.S discussed by the White House include further financial inclusion and enabling access to digital currencies for a broader set of consumers.
In an attempt to regulate the stablecoin aspect of digital currency, an area which has seen a lot of controversy in recent months due to the collapse of TerraUSD in May. The U.S treasury will “work with financial institutions to bolster their capacity to identify and mitigate cyber vulnerabilities by sharing information and promoting a wide range of data sets and analytical tools”.
As a firm which deals with digital currency scams on a daily basis, we are excited to see governments introduce new types of regulations for digital currencies and attempt to make it harder for individuals/ criminal enterprises to get away with these crimes. We also believe these regulatory actions could bridge the gap between digital currency and traditional payment systems due to many individuals remaining sceptical about these digital currencies, an issue amplified by the number of scams which has only been increasing in the past 12-18 months.

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