Scammers in the Digital Currency Space. Ways to Get Your Funds Back with Cryptocurrency Recovery Specialists.

2 min read

If you have been scammed in the crypto space, it can be challenging to recover your funds. However, here are some steps you can take to increase your chances of getting your money back:

Gather evidence: 

Collect all the relevant information related to the scam, such as transaction records, communication logs, and other evidence supporting your case. This documentation will be crucial when reporting the fraud to the appropriate authorities.

Contact local authorities: 

Report the scam to law enforcement agencies. Please provide them with all the evidence you have gathered and any relevant details about the fraud. They can assist you or direct you to the appropriate agency that handles such cases.

Report to crypto exchanges: 

If the scam involved a cryptocurrency exchange, contact customer support immediately and report the incident. Please provide them with all the necessary information and request their assistance recovering your funds. Some exchanges have dedicated teams to handle such situations.

Reach out to the scammer: 

While it may seem unlikely, you can contact the scammer directly and explain the situation. However, exercise caution, as scammers may attempt to deceive you further. When communicating with the scammer, it’s best to involve law enforcement or legal professionals.

Consult legal advice: 

Seek legal advice from a professional with expertise in cryptocurrency and scam cases. They can guide you through the legal process and assist in recovering your funds. They also help you identify any possible legal actions you can take against the scammer.

Report to relevant authorities: 

In addition to local law enforcement, report the scam to your country’s relevant regulatory authorities and consumer protection agencies. They may have resources or channels to address such incidents or provide guidance on further steps to take.

Utilize online platforms and forums: 

Join online communities or forums that expose scams and fraudulent activities in the crypto space. Share your experience and seek advice from others who have encountered similar situations. They may provide insights or suggestions on how to recover your funds.

Look for the Transaction ID Code

Blockchain technology records all cryptocurrency transactions, even fraudulent ones. A scammer can only take your cryptocurrency with this ID code. The ID code lets you and the authorities see where the money goes. The codes can speed up the investigation and boost your odds of recovery.

Document the Scam

It’s essential to remain clear-headed and document the situation correctly and accurately. Keep all emails, text messages, and other correspondence connected to the scammers. Prioritize the following information:

  • transaction ID codes,
  • Information about the scam, including the scammers, how the fraud started, the amount of money lost, exchanges involved, and when the scam happened;
  • All other relevant information.

Also, secure access to the accounts where the funds originated. Investigators will want you to prove you owned the breached crypto account so they can move more quickly.

Notify the Crypto Exchange

All cryptocurrencies are bought, sold, and traded on a crypto exchange. The specific exchange where the scam occurred should know what happened. Tell the exchange managers that a scammer received your money. The exchange platform can beef up the security of your account. 

Of course, using decentralized finance all but eliminates this possibility.

This step doesn’t guarantee recovery, but it will encourage the exchange managers to look for patterns that will help them trace the scammers and, at the least, prevent them from striking again.

Report the Scam to

They have experienced cyber analysts, data forensic analysts, and cryptocurrency recovery specialists at their disposal that can be deployed to your case immediately.

Remember that the chances of recovering your funds depend on various factors, including the nature of the scam and the jurisdiction involved. Acting quickly, documenting everything, and seeking professional assistance to increase your chances of success is crucial.


Although the material contained in this website was prepared based on information from public and private sources that believes to be reliable, no representation, warranty or undertaking, stated or implied, is given as to the accuracy of the information contained herein, and expressly disclaims any liability for the accuracy and completeness of the information contained in this website.