What is the best way to get bitcoin back from scammer? Contact firstname.lastname@example.org for all you need in order to recover all lost or stolen bitcoin. Crypto Scams are becoming more and more common as Crypto Scammers are focusing on gaining new clients through social media. It is more difficult to recover funds if you paid using cryptocurrency but there is still hope. Here is an understanding of the Crypto world and what you can do to recover your money.
How Bitcoin Scammers Steal Bitcoin
A person will get a random call from a broker saying that he can make a 30% return every single week trading Forex. All he has to do is open an account and get a wallet address; a bitcoin wallet or crypto wallet that enables you to store various crypto-currencies such as bitcoin, and buys “XX”$ worth of bitcoin and then sends it to a particular trading platform to start making some money.
Once you deposit the cryptocurrency you might find yourself unable to access your trading account, or, even if you are able to access your account, they do not let you withdraw your funds. These trading platforms sometimes claim that in order to withdraw your funds you need to first deposit an additional “XX”$ into block-chain in order to start the withdrawal process. Why would you have to give someone more money in order to withdraw money that you put there in the first place?
Recover Stolen Bitcoin from Bitcoin Scammer
The way the algorithms work behind crypto is each cryptocurrency has a special code and once you transfer that ‘code’ to someone else it is almost impossible to retrieve it. You are not transferring money or anything tangible to the trader, you are transferring the code into someone else’s account and it now becomes his.
I Got Scammed Bitcoin, How Can I Get it Back?
Technically, it is not hopeless though. You recovering scammed bitcoin or money lost would hinge on this chain of events:
- It is not completely impossible that the perpetrators will be identified. Especially if it can be established that there are a large number of victims, thus warranting proper investigation resources.
- If they are ultimately identified, it is possible they will be charged (quite likely in some jurisdictions, highly unlikely in others, I imagine).
- If they are charged and convicted it is possible (but not likely) that some of your money will be returned to you. Again, that probably depends on the jurisdiction but it also largely depends on how much money can be squeezed out of them compared to the number of victims.
How to identify the perps?
- It is false that bitcoin transactions are “untraceable”. There was a recent global bust related to child exploitation, for example, that was built on bitcoin addresses
- Even if not traceable today, I imagine that in the next decade or two, public resources may make it easy to track down a large number of the more significant-sized bitcoin addresses. What doesn’t work today, may still warrant follow up in a few years. Particularly in the case of large accounts
- Information other than bitcoin addresses can also help. They must have had a website, email addresses, maybe they phoned you. Any of those details may, in some cases, help find the perpetrators. It is certainly possible to ‘cover your tracks’, but not everybody does this and does it correctly.
I have Been Scammed Bitcoin, What I Can Do?
Collect all the raw information (all emails, dates and times, phone numbers or call logs, the bitcoin ATM into which you put your cash or other currency exchange details). Take that all that raw data to law enforcement. Maybe, try various branches of law enforcement. Maybe try to find a way to connect with other victims so that the importance of your case is increased (you would have to contract a knowledgeable programmer to attempt this).
How to Retrieve Stolen Bitcoin with Professional Bitcoin Recovery Expert
Apparently, there are services you can hire that specialize in this. Some of them seem to imply they don’t charge unless they are successful. Obviously, be very careful since some of these may be tricky (but legitimate) or even fully fraudulent.
Some of these may be cynically built on the theory that someone who has fallen for a scam should be easy to scam a second time. But if you can find a service that looks good and you figure out some way to validate it as a trustworthy (maybe get someone to help you with that), it might be worth trying out.
Reclaim Crypto; Recover Scammed Bitcoin or Stolen Crypto
All this is probably a lot of work and might even entail more money invested and probably low chance of success. But, given how ignorant most people are about Bitcoin and online scams in general, I wanted to weigh in. If you’ve got the time and the will, I think you deserve to be able to consider all your options. Send an email to – email@example.com if you have lost bitcoin/crypto to scam or theft, and need help getting it back.