Can scammed crypto be recovered?

Success stories have tempted many beginners investing in cryptocurrency. However, crypto investing presents unique risks, which you should consider carefully before taking the plunge.
One of the most significant risks is fraud.

The anonymity of crypto assets creates the perfect environment for scammers looking to prey on unsuspecting first-time crypto investors. There have been a number of high-profile scandals in recent years. Scammers stole $14 Billion in crypto in 2021. Can scammed crypto be recovered?

First and foremost, you would need to contact the closest law of authority like your police or your country's financial authorities dealing with scam cases. The courts in many countries have confirmed in a number of civil cases that crypto assets are "property" in the traditional sense. Therefore, the usual orders allowing you to trace and freeze assets are available.

Then the next thing you need to do if you didn’t do it before reporting the case to the police is to gather all the information you can lay your hands on that could help in tracking your lost funds. You need to do is contacting the trading platform where you lost your money. Not that you will get your funds back for sure, but there is still hope, and you can warn them that you reported to relevant financial authorities.

Also, there are many companies that help people track their lost funds, determining if the funds stolen from them can be recovered or not. The recovering agency that offers you help should be willing to cooperate with law enforcement bodies. This, of course, requires further investment on your part, and there is no guarantee of return, particularly where fraudsters are located overseas.

Despite being repeatedly warned by crypto experts, beginners commit the same mistakes.
There are several tips that can help you:
1) Back up non-public keys associated with bitcoin addresses to your email. If you don’t back up these keys and data, the chances are thin for recovering the lost or scammed bitcoin.
2) Encrypt your backups because there is still a chance of hackers breaking into your accounts.
3) Use offline storage. Offline storage is nothing but a kind of vault that is not connected to any network. It is difficult to break into the offline case because it is not connected to the network
4) Use hardware wallets. These wallets are another clever solution against scammers and hackers. It saves your bitcoins and makes it easy to recover your lost funds.
5) Use a strong password. A strong password contains letters, capitals, numbers, and special symbols. Watchwords like names are simple, weak, and easy to break.
6) Use reliable platforms to buy and sell bitcoins and other cryptocurrencies. You can try the EvBlock crypto exchange from Switzerland. It is a legitimate platform powered by EVANERA, a fintech company (Reg N. CHE-265.995.382). EvBlock services include a secure platform to exchange fiat easily to Bitcoin and vice versa, the best Bitcoin price offers, useful news on the cryptocurrency market, and other solutions.

 

[Jasz]

Crypto can be recovered after a scam, but the recovery process is very difficult.
You need to find the blockchain address that lost your crypto. This is where your crypto was sent from your wallet to the hacker's wallet. Blockchain addresses are like crypto bank account numbers. They don't contain any personal information about you, just the amount of crypto in question and the transaction history of that crypto. Usually, they are very long strings of characters (like "1ZtLJLC3XD...").

You can find this address by looking through your transaction history in your wallet or exchange account, or by using a website like https. : / /etherscan.io/address/[your address] if you're using Ethereum. The blockchain address will look something like this: https. : / /etherscan.io/address/0xde0b295669...
Once you've found the blockchain address where your crypto was sent to the hacker, you can look at its transaction history by clicking on it or searching for it on a site like etherscan.io or ethplorer.io and looking at its "
Websites like scamadviser claims fhey could do something to help such victim. Well i havent lost huge crypto and i dont wish to, so i havent tried any of these means to know have effective. I just hope you don't have such case too because it looks almost impossible to recover your lost crypto...

 

[Suba]

Although the news of scammed crypto being recovered has been widely discussed in various forums, but I personally still don't believe it, even if it is possible that scammed crypto can be recovered how much will it cost if the scammer is far away in other parts of the world. is it worth the amount of our loss. After all, there is no guarantee that our lost crypto will be recovered. Although blockchain transactions are traceable and permanent in nature, they cannot be changed. and it is impossible for the investigation costs by the authorities or the police to be borne by the police, and must be borne by the complainant. so don't let us get scammed from $100k to $500k after reporting.

 

[ceciliamichel]

Your lost bitcoin can definitely be recovered in days because I also lost my money to an investment scam, I invested almost everything I had as at that time. They kept on giving me fake earnings and it was a lot, I realized it was a scam when I needed money urgently and wanted to withdraw money. They gave me numerous charges to have access to my money. Not long after they were not accessible. I felt devastated and wanted to get to them at all cost, tried series of different means that were only focused on scamming me.

Fortunately I was lucky to meet Chronicvolt Tech which was recommended to me by my sister, i was told they are professionals but i was so scared and never want to believe that until after i search google about Chronicvolt Tech and i was able to read few testimonies and reviews which made me contact them earlier.

They were excellent at what they do and were able to track all the transactions of the scam company in few days after opening my file case.

It is best advised you do a personal investigation before dealing with any firm, if your instincts tell it isn’t right. Believe me it isn’t right.

 

[ceciliamichel]

Your lost bitcoin can definitely be recovered in days because I also lost my money to an investment scam, I invested almost everything I had as at that time. They kept on giving me fake earnings and it was a lot, I realized it was a scam when I needed money urgently and wanted to withdraw money. They gave me numerous charges to have access to my money. Not long after they were not accessible. I felt devastated and wanted to get to them at all cost, tried series of different means that were only focused on scamming me.

Fortunately I was lucky to meet Chronicvolt Tech which was recommended to me by my sister, i was told they are professionals but i was so scared and never want to believe that until after i search google about Chronicvolt-Tech and i was able to read few testimonies and reviews which made me contact them earlier.

They were excellent at what they do and were able to track all the transactions of the scam company in few days after opening my file case.

It is best advised you do a personal investigation before dealing with any firm, if your instincts tell it isn’t right. Believe me it isn’t right.

 

[ceciliamichel]

we just all need to be very careful and that is what matters

 

[Fancy]

we just all need to be very careful and that is what matters

Yes I agree to this because it's very difficult to differentiate between legit website and scam website until one is scammed.

 

[benjonas222]

yup this is right. Those persons who are making money from crypto then never tell about from where they are making money and how they are making, on the other hand there are lot of scams that are spreading more and more. Even I have also lost some money in these scam websites. And at the end I think there is recovery chances of recover that money. But I will suggest you that to get knowledge and to get the latest news and updates about cryptocurrency you should visit Bitcoinsensus.Com for your future saving and information.

 

[Sotherefore]

Thanks for sharing , although this might help but at the same time it is not really easy as you may think for you to easily recover a cryptocurrency that has been lost to a scammer. The reason is because you can only use the wallets address of the scammer for investigation and not the real data that will reveal the true identity of the scammer.

The most important thing we just have to do is to try as much as possible to prevent this from happening in the first place because the recovery process may not be possible as I see. Cryptocurrency was generally designed to be encrypted and because of this every transaction that is happening within the block chain technology does not expose the true identity of the sender and receiver , making it difficult for it to be completely tracked . The only way to recover lost money is when scammers is dealing with banks.

 

[Peninsula]

No that’s not possible. Once lost your crypto money cannot be bought back. No corporation can ever recoup your losses. They just pretend to retrieve your crypto currency but will never be able to do so. This is why do not trust anyone who says they can bring your crypto back. All of these con artists promise to recover your money only to rob you.

 

[Abessive]

No, you can’t recover scammed cryptocurrencies. If you ever try to do that, you may end up losing more. So, better try not to believe in any of the shortcuts and take risks only when you can handle the consequences.

 

[mathawmio]

Due to the anonymity of the blockchain, freezing is possible only when thieves transfer them to a centralized exchange for money laundering. However, with decentralized exchanges becoming more and more mature, there is an opportunity for these thieves to easily disperse the money they have stolen.

 

[Lymphography]

There is no sure way to recover scammed crypto, but there are a few methods that may be worth trying. One is to contact the exchange where the scammer traded the crypto and see if they can help track down the funds.
Try and find the scammer's wallet address and see if any of the funds have been moved from that address.

 

[captainKazoo]

There is no way to recover your crypto currency once it reaches the system of a scammer. It is gone forever and the one who tells you that it can be recovered might be a scammer themselves. You must be careful to not fall for such scammers as there is no way to trace your lost crypto.

 

[kriptopoulin]

The most important thing is that each of us exercise extreme caution.
i wish that scammed people could not recover their crypto.

 

[Protension]

The recovery process is extremely difficult. Thank you for the helpful advice. These tips can undoubtedly assist traders in becoming more secure and staying safe.

 

[Ithedicious]

From my research and from information I have gotten so far , I think it is almost impossible for a cryptocurrency that has been withdrawn from your wallet to be recovered . Everything about cryptocurrency is not being control by a third-party organisation like the bank in which money can be reversed back to the original owner.

The blockchain technology operate very much difference from how the bank operate and because of this the chance of a stolen cryptocurrency to be reversed back to the original owner may not be possible . .

The good news is that every cryptocurrency platform has been equipped with all the security measures that can help us secure our cryptocurrency wallet successfully and to completely prevent it from being hacked.

We should be looking forward to apply all these security measures in our cryptocurrency wallets. With this we won't really have any problem and the chance of getting our wallet hacked will be low.

 

[Frankdan]

It is not easy to recover scammed crypto. Once you lost your crypto to scammer, it'll not be easy to recover it. Actually, I can't say it's not possible but the kind of privacy software they use to encrypted crypto make it very hard to track crypto.
There's a reason why some scammers used cryptocurrency to perpetrate their evils. One of the problem government is having with cryptocurrency is because they couldn't control it. So, if you were scammed and you rush to report it to the security agency. There's little they can do about. Scammers who perpetrate evil through crypto are harden criminal that can't be easily tracked. My point, in summary, is it's not easy to recover scammed crypto.

 

[Shaf]

Most cases of lost cryptocurrency occur when people are scammed, or the thieves gain access to the person's private keys. It's rare to change the address you want to send crypto to, since it's just to copy and paste the address.

A lot of scammed cryptocurrency would never be recovered, due to the anonymity a lot of chains like and the scammers like using these to avoid being traced.
If the amount is much, the receivers address cam be flagged and they won't be able to use the cryptocurrency at all.
Some people were caught this way but some prefer to let the stolen funds waste away.

This Is one reason why whales use cold wallets. Unless they are actively using them, no one has access to their money.
There's a project that claims to recover lost cryptocurrency, Lostless whose token is LSS, but I don't think it is fully developed yet. It would be a welcome development if that would be made possible.

 

[Snaffle]

If your crypto is scammed, you will almost certainly never see it again. This is due to the fact that, unlike bank accounts, cryptocurrency transactions are anonymous and irreversible.