How to Reclaim Crypto - Recover Lost Cryptocurrency

in cryptocurrency •  4 years ago 

Cryptocurrency is generally considered very secure, but sometimes things do happen. Even top crypto investors have had digital currency lost or stolen and, until quite recently, it seemed like there was very little one could actually do about it. Bitcoin and bitcoin cash are high rate in cryptos scam. Well, there are ways to get your cryptocurrency back.

If the cryptocurrencies are in an exchange, you’ll need to contact them and ask them to freeze your coins. This will buy you some time. Sadly, no longer all exchanges will comply so that you may want to get a legal assistance involved to throw their weight round and convince a court to order an issue for them to be frozen.

One thing about cryptocurrency is that you can trace where the coins have gone.In the event that they go through an exchange, you’ll most probable be able to discover who the wallet holder is by the help of KYC process. From there, you can request a court order to reveal the scammers’s identity and recover your stolen crypto. In the case of exchange through trading the bank accounts connected to the parties can be traced.

Recover Lost Crypto from Hot Wallets

In the case of hot wallets, users do set them up with cryptocurrency exchanges.Chances are that if there's a breach it might get hacked. In this case, the cryptos exchange is responsible for its recovery but it is not a guarantee that you will get your coins back.

When South Korean crypto exchange Bithumb was hacked in June 2018, it was later reported that the company managed to recover almost 50% of the hacked coins and it didn’t affect bitcoin prices. In most cases, to retrieve stolen funds is close to impossible, in which case the coins maybe lost forever.

Recover Lost Crypto from Cold Wallets

The ways to recover from cold wallets are:

• Paper Wallets: This is a very traditional concept which is now defunct.Losing or misplacing these papers and fail to accurately remember the
details will cause you to permanently lose your coins. The best way to protect your coins would be to store your paper wallet into a safety deposit box or vault.

• Pen hard drives: These are mostly the secure way to store your coins. The way that you could lose your coins in these devices is if they get damaged or corrupted. Recovering your info from these damaged or corrupted devices by using experts can prove to be a a costly affair. Another way to lose your coins is by losing or misplacing your device entirely.

• Encrypted Devices: Encrypted phones and computers work like hardware wallets, where you can store and access your private key information. Like hardware wallets, you can easily get back deleted or lost information through professional help.
The trust is that coins stored in hot wallets can be subject to hacks and theft resulting in the loss of your coins — unless your designated exchange takes some measures to restore them or trying to get them back from hackers. But using cold storage wallets is at the user’s caution where you are entirely responsible for the safety of your wallet, and subsequently your coins.

Best Way to Recover Lost Cryptocurrency

The best way to recover lost crypto is by hiring a funds recovery specialist. FundsRecovery247 is one of the best funds recovery companies that you can always count on. As you become involved in cryptocurrency, you need to recognize there's risk involved in these transactions. Sadly, there are many ways which some Internet users exploit unsecure computing systems to mine or steal cryptocurrency. Acquire more information about staying safe and protecting yourself in this emerging market before you start investing in cryptocurrency.

FundsRecovery247: Email - [email protected] // Website - www.fundsrecovery247.com

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Shortly after they were dealt with, their previous website was taken down and now these scumbags have ported to a new one and I'm sure they'll take it down as soon as they get more victims.
PLEASE BEWARE OF THEM!!!!!!!!

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I was deceived to invest into LTC, BTC and Dogecoin, claiming that my profits will accumulate and would be able to withdraw after 72 hours of investment. I put in quite a lot and I applied for a withdrawal, I was told they were processing the withdrawal and I would get credited as soon as my financial institution verified the payment. It began to seem like forever so I figured something was not right which prompted me to report. I was advised to file legal complaints and consult a Forensic Investigator with ""Fundsrecovery247** who had devices and equipment built to tackle fraudsters like this and compromise their database in order to effect a retrieval.

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Sharing my experience with fake brokers, EXPRESSRECOVERYPRO is the real deal, especially when I most needed it . I was a victim of false brokers scam working with crypto traders, this brokers insisted I won't be carrying out the trading myself, instructed to leave it to the professionals so they can make a lot of money for me, Total BS! they make winning trades with the loosing trades to make my account looked legit all the time and encouraging me to add funds to take advantage of a speculative fore casted big winner then they leave you to your trades to wonder what the hell to do because of lack of experience which will only lead to you seeing your account run out. Still amazed at how [email protected] got this done successfully.

At first everything was fine, then some technical problems started and everything became especially strange. Then they said that I need to put more money in my account in order to withdraw money. But this wasn’t true. Do not work with an unauthorized broker!

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Unfortunately, as there are good and safe transactions, there are also unscrupulous people who are on the hunt for some unsuspecting with the firm intention of stealing these crypto assets, the best thing will always be to go to the safest channels when making your transactions, they have some safe advice in this post, but as the author already mentioned, the ideal is to be quick when filing the claim, which will guarantee the return of your cryptocurrency

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It is rather unfortunate that there are some bad cryptocurrency brokers looking to scam unsuspecting victims.

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