Recovering Stolen Crypto Assets
The use of cryptocurrency is increasing, and crypto crime is rising with it. Fraudsters, malicious hackers, and thieves amassed $1.36 billion in stolen crypto in the first half of 2020 alone. According to blockchain analysis firm Coinfirm, there is as much as $10 billion in stolen crypto on the market. But not all lost crypto is stolen – you can lose a phone or wallet containing cryptocurrency, much like your physical wallet. Whether stolen or lost, it may be possible to trace and recover crypto funds.
How to Recover Stolen Crypto Funds
If you’ve been a victim of crypto crime, act quickly. The longer you wait to begin tracing your crypto, the more time thieves have to obfuscate the crypto assets, such as placing the funds into a mixer/tumbler or transferring them to cold storage. With a strong case in hand, you can begin to freeze your assets. An international freezing order issued by the High Court against the wallet associated with the crypto assets will help prevent the funds from moving any further.
The legal system can help in these situations. Thanks to the transparency of the Blockchain, which acts as a ledger for all transactions, it is easy to see where stolen funds go. If the funds go to a service such as an exchange or vendor, it is possible with the right investigations and legal team to identify who is in control of the wallet. A court order can then be granted to reveal the thief’s identity and recover the stolen funds.
Steps to Recovering Funds
Initial Track and Trace: Use specialist investigators and platforms for crypto tracing, such as Recuva Hacker Solutions, to begin locating your funds.
Plan Recovery: Applications to the court, such as freezing orders, asset preservation, and disclosure orders, should be planned in advance.
Action Orders: Involve affidavits from the victim, investigations team, and specialist crypto lawyers. Orders are then served on exchanges or identified services holding tracked crypto assets or information leading to suspects involved.
Protecting Yourself from Crypto Fraud
The best way to avoid being a victim of crypto crime is to take preventive measures:
Do Your Due Diligence: Conduct research into individuals and companies offering investment opportunities. Check records like the Financial Conduct Authority (FCA) and use publicly available information like social media.
Secure Your Cryptocurrency: Use the right security software to reduce the risk of scams or phishing schemes. Divide your assets into 'cold' and 'hot' storage, with the majority in cold storage disconnected from the internet.
Protect Private Keys: Ensure your private keys are secured and never give them out.
How Recuva Hacker Solutions Helps Protect and Recover Funds
Specialist investigators from Recuva Hacker Solutions hold accreditations on the Chainalysis Reactor platform, used to trace $1 billion in crypto seized from the Silk Road. Recuva Hacker Solutions provides:
Cybersecurity Review: Our cybersecurity specialists review your online security and help create a secure environment for your cryptocurrency.
Investigation and Recovery: If you have been the victim of cryptocurrency crime, Recuva's in-house capability to investigate, trace, and analyze the movement of crypto assets gives you the best chance at recovery.
Evidential Package: We gather traditional evidence such as witness statements, documentary evidence, an analytical review of blockchain transactions, and open-source intelligence to create a comprehensive evidential package for civil or criminal remedies.
Contact Recuva Hacker Solutions
For professional assistance in recovering stolen cryptocurrency, contact Recuva Hacker Solutions:
Alternate Email: inboxrecuvahackersolutions@gmail.com
WhatsApp: +1 315 756 1228
Protecting your cryptocurrency means protecting yourself and your investments. Stay informed and take proactive steps to safeguard your digital assets