Cryptocurrency Q&A Do banks refund scammed money to us?

Do banks refund scammed money to us?

Davide Davide Fri Sep 06 2024 | 5 answers 1028
Good day, I'm curious to understand the process surrounding bank refunds for victims of scams involving cryptocurrency transactions. When a customer falls prey to a fraudulent scheme and funds are transferred, is there a standard protocol banks follow to reimburse the lost money? Are there any specific conditions or limitations that may affect the likelihood of a refund being granted? Additionally, how does the bank's approach differ when dealing with scams involving traditional financial transactions as opposed to those involving cryptocurrencies? Do banks refund scammed money to us?

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