How to Sue Crypto.com (2024)

Crypto.com also known as Foris Dax, Inc. is one of the leading cryptocurrency exchange platforms in the United States. Crypto.com offers a variety of services including buying and selling of crypto, a visa card, and managing your cryptocurrency portfolio. Most recently, the Crypto.com made the news headlines when it purchased the rights to rename the Staples Center in Los Angeles to the Crypto.com Arena.

However, with the growth of the company, it has faced many customer service complaints. This article will cover common types of customer complaints against Crypto.com, how to sue Crypto.com, and much more.

Table of Contents:

  • Types of customer complaints against Crypto.com

  • How to contact Crypto.com Customer Service

  • Review of Crypto.com’s Terms and Conditions

  • Step by Step: How to sue Crypto.com in small claims

  • Preparing the small claims lawsuit

  • How to file the small claims lawsuit

  • How to serve the small claims lawsuit

  • Prepare for the small claims hearing

  • How to file a complaint with the BBB against Crypto.com

Types of Customer Complaints Against Crypto.com

Here are some common customer complaints against Crypto.com:

How to Reach Crypto.com’s Customer Service

Before you sue Crypto.com in small claims court try contacting Crypto.com Customer Support.

Other ways you may reach Crypto.com:

  • Crypto.com Twitter Account: @cryptocom

  • Crypto.com customer service email: [email protected]

  • Crypto.com customer service help center.

  • Crypto.com chat: once on the crypto.com website, look for the chat icon on the bottom right hand corner and click “send a message.”

At the time this article was written, we could not find a crypto.com customer service phone number.

Review Crypto.com’s Terms and Conditions

First and foremost, make sure to review the terms and conditions or your contract with Crypto.com. Here are some terms and conditions we found online but you need to to make sure they apply to you and your situation as they may change at any time:

If you have any doubts or questions about your terms and conditions, make sure to reach out to an attorney to review your specific terms and conditions.

Steps to suing Crypto.com in small claims

Here is an overview of how to sue Crypto.com in small claims court:

  • Step 1: Prepare and File the Lawsuit

  • Step 2: Notify Crypto.com about the small claims lawsuit by serving them correctly

  • Step 3: Prepare for your small claims hearing against Crypto.com

Step 1: Prepare and file the lawsuit

  • Prepare the lawsuit using the proper form, this is usually available for download on your local small claims court website.

  • The court will want to know why you are suing Crypto.com, how much are you suing Crypto.com for, and finally how you calculated the amount you are suing Crypto.com for.

  • You will need to search for the correct legal name (legal entity name) Crypto.com uses in your state on the Secretary of State website for your state. Keep in mind that Crypto.com also goes by the name Foris Dax, Inc.

  • File the lawsuit. There are several ways you can file the lawsuit (1) in person at your local small claims court, (2) by mail (3) electronically (not available in all courts), (4) by fax (not available in all courts).

Step 2: Notify Crypto.com about the small claims lawsuit

  • Once the court returns the filed lawsuit to you, the next step is to serve Crypto.com (serving means to notify Crypto.com that they have been sued).

  • There are different rules on how to serve a company in each state so make sure you review the rules for serving. In many states you will need to serve the “agent for service of process” that Crypto.com selects in each state. This is usually a company or person that is authorized by Crypto.com to receive lawsuit documents on its behalf.

  • To serve the small claims court lawsuit on Crypto.com you must serve their "Agent for Service of Process." This is a company that Crypto.com has selected to receive lawsuits on their behalf.

  • Always make sure to confirm with the court if there are any additional filings you need to complete and file after you have served Crypto.com.

Step 3: Prepare for your small claims hearing

  • Prepare your statement for the judge. Be prepared to tell the judge why you are suing Crypto.com.

  • Prepare your evidence. This is one of the most important steps to winning a small claims lawsuit! Evidence like screenshots, emails, and pictures, should be brought to the hearing (you should make a copy for yourself, the judge, and Crypto.com).

Your evidence might include:

  • Communications with Crypto.com via their chat or email

  • Screenshots of your account with Crypto.com

How to file a complaint with the BBB against Crypto.com

What is the BBB?

The BBB, Better Business Bureau, is a non-profit that serves as an intermediary between businesses such as Crypto.com and consumers.

What types of complaints against Crypto.com does the BBB handle?

Crypto.com BBB complaints are hard to find. At the time that this article was written we could not find a BBB complaint page for Crypto.com. We did find a BBB page for Foris Dax Inc.

Read More: How to file a complaint with the Better Business Bureau (BBB)

How to file a complaint against Crypto.com with the BBB

  1. Go to the Better Business Bureau website.

  2. Scroll to the bottom of the page and click the button “Start Your Complaint.

What to Expect Once you Submit your Complaint to the BBB

  • The BBB will forward your complaint to Crypto.com within 2 business days.

  • Crypto.com will be asked to respond within 14 days, and if a response is not received, a second request will be made.

  • You will be notified of Crypto.com’s response when the BBB receives it (or notified that they received no response).

  • Complaints against Crypto.com are usually closed within 30 business days.

How to Sue Crypto.com (1)

Camila Lopez

Chief Legal Architect & Co-Founder @ People Clerk. Camila holds a law degree and is a certified mediator. Her passion is breaking down complicated legal processes so that people without an attorney can get justice.

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How to Sue Crypto.com (2024)

FAQs

How do I file a complaint against Crypto com? ›

Please note that any complaints regarding any other product or services o ered by the Crypto.com group must be addressed to [email protected].

Can I sue a crypto company? ›

Devastating Cryptocurrency Losses

You may be able to recover your losses through a lawsuit or arbitration claim if your losses were caused by a company's negligence. Our cryptocurrency lawsuit attorneys can help you understand your rights and your potential for recovery.

How do I get my money back from Crypto com? ›

How to submit a USD withdrawal request?
  1. Go to “Fiat Wallet” from Menu Button or the Accounts Menu. Tap “Transfer” > “Withdraw” > “USD”
  2. Tap on your USD balance and Withdraw USD.
  3. Tap Add Bank Account or select the preferred bank account if it has already been added.

Is crypto com illegal in the US? ›

Crypto.com holds a money services business license with U.S. FinCEN, so it's legal in the U.S. It also holds a money transmitter license in every U.S. state that requires it, except New York. It is also available legally in American Samoa, Northern Mariana Islands, Puerto Rico, and the U.S. Virgin Islands.

Is anyone having trouble with crypto com? ›

User reports indicate no current problems at Crypto.com.

Where to complain about crypto? ›

Cryptocurrency is an internet based virtual currency which is created and stored electronically. AFCA can consider complaints about cryptocurrency if the provider is a member of AFCA. Cryptocurrency or digital asset providers are generally not required by law to be an AFCA member.

Can you get crypto back after being scammed? ›

Cryptocurrency payments typically are not reversible. Once you pay with cryptocurrency, you can only get your money back if the person you paid sends it back. But contact the company you used to send the money and tell them it was a fraudulent transaction.

What crypto company is getting sued? ›

The SEC on Friday filed sued against blockchain software company Consensys. The regulator alleged that the company "engaged in the offer and sale of securities" and "acted as an unregistered broker" through its digital asset wallet called MetaMask.

Can I claim losses from crypto? ›

If you sell your crypto for a loss, the IRS allows you to offset losses against other income on your tax return. These so-called “realized losses” can be used to offset other taxable investment profits. When you hear the term “realized,” it usually means that an asset was sold.

Can crypto com recover funds? ›

If you deposit an unsupported token, you can contact Customer Support to recover your deposit manually. Please note that fund retrieval may not be possible in some cases, and a manual recovery fee of up to 150 USDT/USDC will be applied.

Is it hard to get your money out of crypto com? ›

All Users' deposits are held in cold storage, for security reasons, however, withdrawal requests - for all cryptos - are automated. In most cases, withdrawals are almost instant and normally should take no longer than 2-3 hours to be processed.

Can Crypto com keep your money? ›

Your virtual assets are stored 100% safely and perfectly.

We hold all customer assets deposited on our platform in institutional-grade reserve accounts on a 1:1 basis, meaning funds are responsibly backed by Crypto.com and accessible at customers' convenience.

Why is Crypto.com closing? ›

On 14 November, Marszalek, the firm's CEO, assured users that the exchange was functioning as normal. On June 9, 2023, Crypto.com announced plans to shut down its institutional exchange in the United States by June 21, citing low demand from large financial institutions.

Does crypto.com report to the IRS? ›

Yes. In the United States, your transactions on Crypto.com and other platforms are subject to income and capital gains tax. If you've earned or disposed of crypto (ex. Sold or traded away cryptocurrency) during the year, you'll have a tax liability to report to the IRS.

Is crypto.com going under? ›

Its retail trading app will still survive. Starting June 21, the Singapore-based Crypto.com says that it will be shutting down institutional services on its platform in the U.S. due to the “current market landscape” that shows “limited demand” for its services.

How do I report a crypto company? ›

What to Do If You Are a Victim of a Cryptocurrency Scam. Report the crime to your local police department. File a report with the FBI. Make sure to include your wallet address (the digital address where you store your cryptocurrency), the scammer's wallet address, and the transaction hash for each transaction.

Where do I report crypto? ›

Any cryptocurrency capital gains, capital losses, and taxable income need to be reported on your tax return. You can report your capital gains and losses on Form 8949 and your income on Form 1040 Schedule 1 or Schedule C depending on your situation.

How to get money back from a scammer? ›

Contact the company or bank that issued the credit card or debit card. Tell them it was a fraudulent charge. Ask them to reverse the transaction and give you your money back. Did a scammer make an unauthorized transfer from your bank account?

Who controls crypto com? ›

Crypto.com is operated by Foris DAX Asia, a Singapore-based company that's a subsidiary of Foris DAX MT (Malta) Limited.

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