Theft of cryptocurrencies, which was at first a rare event, has slowly increased as more people are entering the cryptocurrency market. We occasionally hear stories about how a mysterious group of people orchestrated a significant hacking effort and made off with millions of dollars worth of cryptocurrencies.
In some cases, such theft is done on a smaller scale due to unsuspecting crypto owners leaving their account details, password, and other security information within the easy reach of scammers. While the process of recovering lost or stolen cryptocurrency might be tricky when it occurs, businesses like Coin Return Group are experts at making the impossible a reality.
Fortunately, an expert from their team has shared details about how they recover lost or stolen crypto for victims.
What methods do scammers employ to trick people out of their crypto?
There are several methods that scammers have utilized to defraud people of their crypto. The most common form in the crypto sphere is phishing scams, where the scammer will try to get your username, password, or seed keys by creating an elaborate scheme to deceive unsuspecting crypto owners.
They also employ pump-and-dump groups, pyramid or Ponzi schemes, fake wallets, shady exchanges, and fraudulent initial coin offerings.
Can stolen crypto be recovered?
100%, stolen crypto can be recovered. There are curious cases of recovering stolen cryptocurrency scattered around the cryptocurrency sphere. For instance, our company specializes in locating and recovering stolen crypto for victims.
However, doing so is a very daunting process that might not always be successful. Luckily, the possibility of recovering the crypto increases if the crypto owner discovers the scam on time and brings the case to us.
How can Coin Return Group recover cryptocurrency for clients who have such problems?
Our team of professionals at Coin Return Group uses a variety of time-tested techniques with our Blockchain security services to find lost or stolen cryptocurrency. This involves combing through transaction history with the aid of different smarts and big-data analytics tools.
We may also use a more “conventional” strategy, such as hiring former FBI and CIA agents to search the dark web for activities involving stolen money or obtaining court orders to force an internet service provider to provide information about an IP address.
Do you have any testimonials from clients you’ve previously assisted?
On our website, several verifiable customers have shared their reviews on how our team of experts handled everything on their cases, from finding the scammers and tracking down their coin to finally getting it back.
Most recently, we helped recover for a client a huge chunk out of $85,000 worth of coins that he lost to scammers. Our methods are tested and proven, which is why many clients still reach out to us for help.
What recommendations do you have for those looking to secure their cryptocurrency?
Prevention is better than cure. Rather than worrying about recovering your crypto, it is best to secure it from being vulnerable to scammers. As a security measure, crypto owners should use complex passwords that cannot be easily deciphered and enable two-factor authentication on their accounts.
Storing the crypto in a hard wallet should also be done rather than leaving it in digital wallets that are more susceptible to hacking. Other measures include avoiding public Wi-Fi, double-checking addresses during transactions, and keeping devices in a safe place.