Wherever money is involved, there are always going to be scammers looking for ways to cheat honest people out of their funds. This is no less true for non-traditional currencies, such as Bitcoin and other cryptocurrencies.
If you’re thinking about investing in Bitcoin or are already doing so, it’s important to understand how some common Bitcoin scams work. In the unfortunate event that you do get scammed out of your Bitcoin, don’t despair just yet — there are some options you can try for getting Bitcoin back from a scammer.
Two options to get your Bitcoin back from a scammer:
1. Contact the exchange platform you used
If you used a legitimate crypto exchange to send funds to a scammer, contact them the moment you suspect you’ve been the victim of a scam and provide them with as much information as you can. If the funds are still sitting in the exchange, there is a chance that you can get them back.
If you were scammed through a fraudulent crypto exchange or trading platform, one thing you can try to get your money back from a Bitcoin scammer is to contact the fraudulent company directly. Let them know that you know they scammed you and that you are in the process of reporting them to the relevant authorities and will do everything in your power to get your funds back.
This may be a long shot, but sometimes just the threat of legal action can be enough to get scammers to return your funds. However, if they have already transferred your Bitcoin to a private wallet and the fraudulent exchange platform is already offline, they are unlikely to respond to your requests.
That being said, there are professionals who deal with this type of thing every day. See option two below for more information about hiring Bitcoin scam recovery experts if you are unsuccessful in your DIY attempts.
2. Hire scam recovery experts like PayBack LTD
Scam fund recovery experts, such as PayBack LTD, are comprised of financial industry veterans and cybercrime professionals who know exactly how to press scammers hard to get your money back.
Nothing is truly anonymous on the internet, and our team of Bitcoin scam recovery experts will do everything in our power to track down the scammers and confront them to get your money back. We also have ways to hit scammers where it hurts the most: their financial funnels where they store stolen funds.
The process of taking legal action against scammers yourself can be daunting and exhausting. Hiring scam fund recovery experts can take the pressure off you and is much more likely to result in the successful recovery of your defrauded funds.
Let’s face it; government agencies are unlikely to pay much attention to your case unless you’ve lost hundreds of thousands of dollars to a Bitcoin scam. There are simply too many small-time scammers out there and not enough resources to pursue them all.
That’s where a private agency like PayBack LTD comes in. We have recovered more than $210,000,000 in funds from all types of financial scams, including cryptocurrency scams.
Tips to keep your Bitcoin safe: