Altcoins Talks - Cryptocurrency Forum
Learning & News => News related to Crypto => Topic started by: _act_ on September 16, 2024, 09:27:26 AM
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Just 3 websites of crypto recovery fraud have been seized by the FBI.
https://news.bitcoin.com/fbi-seizes-websites-linked-to-crypto-recovery-fraud/
But there are still many of them out there. Recovery services are fraud just like cloud mining. Do not be careless with your seed phrase backup because looking for recovery service is like you are looking for someone to steal your coins from you.
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Just 3 websites of crypto recovery fraud have been seized by the FBI.
https://news.bitcoin.com/fbi-seizes-websites-linked-to-crypto-recovery-fraud/
But there are still many of them out there.
It's not surprising, FBI and other agency usually only after popular scam website either due to limited resource or other reason.
Recovery services are fraud just like cloud mining.
FWIW, actually there are few legit recovery services. Meanwhile cloud mining is either scam or at least unprofitable.
Do not be careless with your seed phrase backup because looking for recovery service is like you are looking for someone to steal your coins from you.
And remember that generally nobody can't reverse/cancel transaction on blockchain.
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Actually I don't know how people get fooled by such scams, especially crypto recovery services.
Simply put, if the service is able to recover your wallet seed, why would they return the assets in the wallet to you? They can simply take it as long as they have the seed.
Unfortunately, some people who lose their money due to fraud or mistake fall easy prey to such scam services, and instead of recovering their lost money, they lose more money.
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Yeah, too many of them on social media and they often comment and spam on accounts of popular exchanges. Even in this forum, someone is posting recovery service in the gigs board and continues to spam or hijack other threads with the same sh1t.
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Actually I don't know how people get fooled by such scams, especially crypto recovery services.
Simply put, if the service is able to recover your wallet seed, why would they return the assets in the wallet to you? They can simply take it as long as they have the seed.
Unfortunately, some people who lose their money due to fraud or mistake fall easy prey to such scam services, and instead of recovering their lost money, they lose more money.
Ignorance and carelessness lead to situations where people become victims of hackers, and despair and fear of total loss make them easy targets when it comes to services that can supposedly help with recovery. I would not rule out that it is often one and the same people, first they scam someone, and then they contact the victim from another social account and offer help.
If someone scams you, then it would be logical to report the matter to the police, no matter how pointless it seems at that moment - everything else is either a waste of time or time/money.
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Actually I don't know how people get fooled by such scams, especially crypto recovery services.
At this current year, there might be a few investors out there that are still falling into the "Bitcoin double" scam where they promise you to double your money if you deposit X amount of money on their address. This is the reason why I'm not surprised that there are still investors who are being fooled into this cheap tricks by these scammers.
They will be using your emotions to scam you. That's the trick and if you're an investor that lost money, you will feel the relief whenever somebody said to you that they will recover your money. You will not use your critical thinking anymore up to the point where you will just unconciously send money to them.
Unfortunately, some people who lose their money due to fraud or mistake fall easy prey to such scam services, and instead of recovering their lost money, they lose more money.
It's unfortunate, but it is what it is. There will be investors who will fall into these cheap tricks, and many more in the future. The best way for them to learn is through experiencing it first-hand.
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Crypto recovery services scams are building on the helplessness of some people when they lose their coins or tokens, promising them of the possibility of getting back what they lost either in exchange for money or by getting their private keys. Essentially they can lose more money if they avail of this scam which can be adding salt to injury...a very horrifying experience. Many are victimized all because they are not taking advantage of the power of online search and they let their naivety come into their heads. This is already a popular scam and if one is involved with cryptocurrency one should know this by the fingers of their hands. And this brings us to the necessity of those of us in this industry to be educated...and one way to do that is by being a part of this forum.
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If someone scams you, then it would be logical to report the matter to the police, no matter how pointless it seems at that moment - everything else is either a waste of time or time/money.
Yes, this is the normal, proper behavior that should be in such cases, but unfortunately in most countries that ban crypto or do not have clear regulatory laws to deal with such cases, the victim will not dare to contact the police.
For example, in my country, there are no clear regulatory laws about crypto, so if I am scammed, I will never think of contacting the police because then I might be imprisoned instead of getting my money back. :'(
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Actually I don't know how people get fooled by such scams, especially crypto recovery services.
People who lose their coin (either due to being hacked or forget) usually is more vulnerable and the scammer know this fact.
Simply put, if the service is able to recover your wallet seed, why would they return the assets in the wallet to you? They can simply take it as long as they have the seed.
I get your point, although those scammer make various fake claim. Looking at one of mentioned website on https://web.archive.org/web/20240104161507/https://mychargeback.com/ (https://web.archive.org/web/20240104161507/https://mychargeback.com/), they falsely claim they can perform chargeback, tracking stolen coin (which is far harder if the thief know what they're doing) and covered by major news media.
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If someone scams you, then it would be logical to report the matter to the police, no matter how pointless it seems at that moment - everything else is either a waste of time or time/money.
Yes, this is the normal, proper behavior that should be in such cases, but unfortunately in most countries that ban crypto or do not have clear regulatory laws to deal with such cases, the victim will not dare to contact the police.
For example, in my country, there are no clear regulatory laws about crypto, so if I am scammed, I will never think of contacting the police because then I might be imprisoned instead of getting my money back. :'(
You are undoubtedly right there, some countries have very strange laws when it comes to cryptocurrencies, but we can only hope that this will change in the future. Even in China, which is particularly hostile to Bitcoin, there are cases where the courts have made decisions that went in favor of cryptocurrency owners, and this still sends a message to everyone else that they might soften their stances a bit.
However, I would emphasize that every crypto-currency owner should do everything to protect his digital assets in order not to find himself in a situation that is practically hopeless. I failed to mention one thing, and that is that anyone who becomes a victim of hacking or a scam can act in a way to inform all CEX about it, because it is possible that they will be able to freeze their funds on one of those platforms. It's a slim chance, but it shouldn't be dismissed because not all bad guys are smart enough to know how to hide their tracks.
+1
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BTC transactions are irreversible, and you can only recover your stolen funds if you capture the person who stole it from you and force them to return it to you, now what are the chances of that happening, zero. Another way you can recover your funds is if it is a large amount of money, and you report it to the authorities, if they think it is worth it, then they could confiscate the funds if the thief moves it into any custodial service.
These are the only ways you can recover your stolen funds, so any service telling you they can help you recover your money is a scam.
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Once Btc is lost that is the end of it all, many expert has express their concerns about lost Bitcoin, it is absolutely irreversible and very difficult to trace.
Anyone telling people online that he/she can recovers lost Bitcoin is just another scammer. Many Bitcoin users wants to remain adamant after these several warnings, unfortunately, they will keep losing funds in an attempt to recover a lost or stolen Bitcoin.
Again, i am still doubtful, though some people claim that they can recover lost Bitcoin by reporting through the FBI but this has resulted to more fake FBI online defrauding crypto users on the of Bitcoin recovery. lt us be very watchful, listen warnings and be vigilant.
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Again, i am still doubtful, though some people claim that they can recover lost Bitcoin by reporting through the FBI but this has resulted to more fake FBI online defrauding crypto users on the of Bitcoin recovery. lt us be very watchful, listen warnings and be vigilant.
The only way one can recover their stolen coins through law enforcement is if they flag or blacklist the scammers address, so if the scammer deposit funds from that address into any centralized or custodial platform, the system will confiscate the funds. However, it is not easy to get LE to do that, the money must be really substantial for LE to pay attention to it.
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I failed to mention one thing, and that is that anyone who becomes a victim of hacking or a scam can act in a way to inform all CEX about it, because it is possible that they will be able to freeze their funds on one of those platforms. It's a slim chance, but it shouldn't be dismissed because not all bad guys are smart enough to know how to hide their tracks.
Yes, that's true, as far as I remember, there was a story that happened a while ago where a hacker hacked a crypto service and stole millions of dollars worth of crypto assets and transferred them to Binance to spend them, and fortunately Binance blocked all his money and it was recovered.
Unfortunately, I don't remember the details exactly, but I remember that this is what happened, the hacker was smart enough to hack the service, but he wasn't smart enough to hide the stolen money.
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Once Btc is lost that is the end of it all, many expert has express their concerns about lost Bitcoin, it is absolutely irreversible and very difficult to trace.
Anyone telling people online that he/she can recovers lost Bitcoin is just another scammer. Many Bitcoin users wants to remain adamant after these several warnings, unfortunately, they will keep losing funds in an attempt to recover a lost or stolen Bitcoin.
Again, i am still doubtful, though some people claim that they can recover lost Bitcoin by reporting through the FBI but this has resulted to more fake FBI online defrauding crypto users on the of Bitcoin recovery. lt us be very watchful, listen warnings and be vigilant.
I think tracing them is not very difficult and even recovering them is a good idea rather than just accepting that they are lost forever. But if BTC are lost like they were stolen from your wallet or you sent them to an address by mistake then they are not going to be reversed like bank transactions can be.
I was not aware of the FBI recovery sites which are fake but they will be banned just like other sites that got banned by FBI they are finding the culprits behind these fake sites. Most of the people try to find ways to get their lost funds back and if the amount is bigger they will do anything to get the funds but unfortunately they won't accept the reality.
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Just 3 websites of crypto recovery fraud have been seized by the FBI.
https://news.bitcoin.com/fbi-seizes-websites-linked-to-crypto-recovery-fraud/
But there are still many of them out there. Recovery services are fraud just like cloud mining. Do not be careless with your seed phrase backup because looking for recovery service is like you are looking for someone to steal your coins from you.
The law enforcers are doing great work First, they arrested 12 robbers who were robbing people's cryptocurrency at gunpoint by invading in their homes. Steps like these are putting a good image on Kamala, as Gary and other authorities are doing the hard work no doubt but under the administration of Biden and Kamala also comes under the administration of Biden, so it indirectly gives Kamala a good image.
Overall, these recovery sites are really easy to find, and if they will go after them like with full potential, they will find hundreds of other recovery sites, but I think they also have to work under their jurisdiction. I mean, if the sites are not accessible to US citizens, then I think they can't do anything about it, CMIIW.
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Recovery scams aren’t new, unfortunately, and the FBI seizing just three websites barely scratches the surface. These scams prey on people’s desperation after losing their crypto, and it’s rampant. The best defense? Guard your seed phrase like gold. Recovery services are often just as sketchy as the losses themselves, and you’re essentially handing over your keys to thieves. Stay vigilant!
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The fact that the FBI seized them means that they've done some real damage to a lot of normal people, first of all. They aren't going to seize some random crypto recovery scam page unless wanted people are behind it. So these pages must have been so big that they were regularly stealing from people AND breaking some laws in the process. Exactly which, I don't know. There are no laws about crypto scams yet.
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I wonder why some crypto enthusiast have the conviction that they can recover their lost crypto asset from any of those "crypto recovery fraud, " Any coin that have been sent to a wrong address can never be recovered unless the receivers address is someone that you and can easily request that they send back your coins to you.
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Just 3 websites of crypto recovery fraud have been seized by the FBI.
https://news.bitcoin.com/fbi-seizes-websites-linked-to-crypto-recovery-fraud/
But there are still many of them out there. Recovery services are fraud just like cloud mining. Do not be careless with your seed phrase backup because looking for recovery service is like you are looking for someone to steal your coins from you.
Coincidentally a few minutes ago I read this, before reading the topic you created: https://cointelegraph.com/news/scammed-crypto-crime-recover-lost
Of course I am skeptical of this kind of service, considering the irreversible nature of crypto transactions and also the better level of privacy, making it all less convincing... maybe some people who no longer have hope will use the service, with the note that there are some limitations in providing personal data, thus limiting the service owner from reaching further regarding the client's finances.
It takes some real proof from the service provider to be truly trustworthy... and as a client we also have to limit what data we are allowed to provide... if he asks for data that is too sensitive, then stop rather than you get too big a risk.
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It takes some real proof from the service provider to be truly trustworthy... and as a client we also have to limit what data we are allowed to provide... if he asks for data that is too sensitive, then stop rather than you get too big a risk.
even with “solid” proof you can never be too sure because anything can be fabricated these days someone must be so desperate to succumb into using this kind of services but you are just doing more harm than good to yourself
do not put all your funds in one place and keep secured do not be too complacent and comfortable with your information being shared everywhere
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the fact is there are a ton of fraudulent websites out there from phishing sites to scam sites like you have said earlier ex. ponzi or fake cloud mining sites. Scammer is everywhere and there are lot of people still fall from it, heck even myself sometimes cant see the different between phising site and the original site :-X
Scammer is out there guys be careful and always double check the site and scammer nowadays are crazy the buy twitter verified just to scam people
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If people are only educated that Bitcoin transactions are irreversible and accept it as a fact, yet people are so desperate that they can get their lost funds back so they avail of their service.
We have people here who came on social media and forums to offer their service but cannot answer the part that Bitcoin is irreversible, and they offer a lot of vague explanations.
Private keys and pass phrase are the only keys to your coins; no service can retrieve them without them.
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Once Btc is lost that is the end of it all, many expert has express their concerns about lost Bitcoin, it is absolutely irreversible and very difficult to trace.
Anyone telling people online that he/she can recovers lost Bitcoin is just another scammer. Many Bitcoin users wants to remain adamant after these several warnings, unfortunately, they will keep losing funds in an attempt to recover a lost or stolen Bitcoin.
Again, i am still doubtful, though some people claim that they can recover lost Bitcoin by reporting through the FBI but this has resulted to more fake FBI online defrauding crypto users on the of Bitcoin recovery. lt us be very watchful, listen warnings and be vigilant.
Promises of recovering lost BTC are just one of many scams in this market, including Twitter-based BTC and ETH airdrops, new AI-related ICOs with promises of 1000x token gains. Statistics show that investors have almost no chance of recovering scammed assets.
The best defense is to educate oneself to protect against these market scams. Investors should curb their greed to avoid unrealistic promises and take all necessary measures to safeguard their private keys from online threats.
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I wonder why some crypto enthusiast have the conviction that they can recover their lost crypto asset from any of those "crypto recovery fraud, "
I am guessing that some of them are new to the crypto world and they do not really know how things work here, so upon losing their coins, they are in a state of panic and distraught and they make themselves easy prey for these crypto recovery scammers. It is bad to be scammed, but imagine being scammed twice while trying to recover your initial loss, crazy stuff.
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I wonder why some crypto enthusiast have the conviction that they can recover their lost crypto asset from any of those "crypto recovery fraud, "
I am guessing that some of them are new to the crypto world and they do not really know how things work here, so upon losing their coins, they are in a state of panic and distraught and they make themselves easy prey for these crypto recovery scammers. It is bad to be scammed, but imagine being scammed twice while trying to recover your initial loss, crazy stuff.
It might also interest you to know that some people end up getting scammed more than twice and the worst part of it is that, some do not even know it that they were actually scammed. A lot of people in the crypto space are making several mistakes that often cost them severe losses. This is often because a lot of them delve into the crypto space simply because of hype and FOMO, without doing their due diligence or bother to acquire the basic knowledge needed to stay safe in the crypto space.
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I wonder why some crypto enthusiast have the conviction that they can recover their lost crypto asset from any of those "crypto recovery fraud, "
I am guessing that some of them are new to the crypto world and they do not really know how things work here, so upon losing their coins, they are in a state of panic and distraught and they make themselves easy prey for these crypto recovery scammers. It is bad to be scammed, but imagine being scammed twice while trying to recover your initial loss, crazy stuff.
It might also interest you to know that some people end up getting scammed more than twice and the worst part of it is that, some do not even know it that they were actually scammed. A lot of people in the crypto space are making several mistakes that often cost them severe losses. This is often because a lot of them delve into the crypto space simply because of hype and FOMO, without doing their due diligence or bother to acquire the basic knowledge needed to stay safe in the crypto space.
Yeah, just like in this case, it's possible that the people that have been scammed will go to this kind of so called recovery services and thought that they can actually help. And so they will be asked to deposit some money again so that this services will do their job.
Unfortunately, it's gonna be too late for the victims as they will be fooled again by this services. It's just to bad to hear this kind of horror stories, nevertheless, it's a very expensive lessons to learn.
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Scammer is everywhere and there are lot of people still fall from it, heck even myself sometimes cant see the different between phising site and the original site :-X
the more scammers there are the better they get which is why we should be smarter than them it is the best way to combat these people who do not want to earn money cleanly and with dignity if you do not educate yourself and protect yourself you are purposefully making yourself vulnerable and putting yourself at risk
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Just 3 websites of crypto recovery fraud have been seized by the FBI.
https://news.bitcoin.com/fbi-seizes-websites-linked-to-crypto-recovery-fraud/
But there are still many of them out there. Recovery services are fraud just like cloud mining. Do not be careless with your seed phrase backup because looking for recovery service is like you are looking for someone to steal your coins from you.
I think with this, i may only partly applaud the security agency for their perfect job in cutting down the edge of scam in crypto, because the situation that applies here is nothing than a pure way of scamming people and increasing to their predicament, you cant imagine when someone loses money and then at the cause of getting it recovered he still loses more and more, maybe the FBI should focus more on scam and leave other interesting users to live in peace with cryptocurrency.
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Recovery is near impossible in bitcoin when you lose it, if that wasn't the case, don't you think someone would have already reached out and grabbed satoshis one million coins? By today's value that is 66 billion dollars if I am not calculating it wrong, which means if it was possible to get into any wallet, then they would. Phrases, and all the normal stuff that you get with wallet ownership, is the only way to get in, if you lose them then you lose access and there is absolutely other way to get it back again. If you are faced with someone who tells you that they can recover, do not believe them and never pay them.
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But there are still many of them out there. Recovery services are fraud just like cloud mining. Do not be careless with your seed phrase backup because looking for recovery service is like you are looking for someone to steal your coins from you.
How would these fraudsters steal their coins if someone did not save their seed phrases? Kidding aside, these fraudsters are going to scam those people's money. I guess such a service exists. I have seen a thread by a reputed member on the BitcoinTalk forum, and they have successfully recovered some Bitcoin wallets. But in that case, the user should have provided some information. I don't know how his service works, but I remember seeing a thread there.
However, if someone talks about crypto recovery services, that is a scam because crypto transactions are irreversible. There is no way someone can undo that after the blockchain confirmations. If someone knows a little about cryptocurrency, they won't fall for these scams. But there are always some new people who don't know these things. If the FBI wants to work, they should look for Word blocked because repetitive posts.org because they are scammers.
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I have seen a thread by a reputed member on the BitcoinTalk forum, and they have successfully recovered some Bitcoin wallets. But in that case, the user should have provided some information. I don't know how his service works, but I remember seeing a thread there.
i guess that user really does recover wallets but with so many people claiming that they can it is difficult to gauge who are the legitimate ones and who are the ones not telling the truth even with a good reputation it is still hard to trust someone if it works out for you once it does not mean it can work for everyone else scammers are everywhere just waiting for the next gullible victim there are good services out there maybe but to be safe i would rather not avail any of these services
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Actually I don't know how people get fooled by such scams, especially crypto recovery services.
At this current year, there might be a few investors out there that are still falling into the "Bitcoin double" scam where they promise you to double your money if you deposit X amount of money on their address. This is the reason why I'm not surprised that there are still investors who are being fooled into this cheap tricks by these scammers.
They will be using your emotions to scam you. That's the trick and if you're an investor that lost money, you will feel the relief whenever somebody said to you that they will recover your money. You will not use your critical thinking anymore up to the point where you will just unconciously send money to them.
Unfortunately, some people who lose their money due to fraud or mistake fall easy prey to such scam services, and instead of recovering their lost money, they lose more money.
It's unfortunate, but it is what it is. There will be investors who will fall into these cheap tricks, and many more in the future. The best way for them to learn is through experiencing it first-hand.
I agree with you, this is something I've come across on airdropping and I fell victim once and learnt my lesson to make research wider.
I never knew some dudes that are good in software operations can mimick some crypto assets already on market and create a fake telegram group, Twitter handle and other social media platforms carrying the same graphics of the original token and end up using it to scam people.
When I came across this fake BONK telegram airdrop, I was sent a message that I have received over 300,000,000 BONK after completing some simple task.
Clicking on withdrawal, I was told to pay a fee of over 0.5BNB to receive the airdrop reward...
Seeing the reward is more than x2 of what I have to pay, I went ahead and transfered to the wallet address that was given, hoping to receive mine in few minutes... After waiting for more than hours, I tried reaching the project team from their social media handles I joined but I was already blocked from their telegram chat group and all other handles where I can make complain to the project team..
Then I had to complain to a friend of mine, before he gave me some piece of advice and I learnt Alot that unfaithful day...
It is obvious that there are alot of scam in the crypto world.