Bitcoin Forum

I have recently been involved in an investment scam and was part of a group of 150+ investors.
We sent BTC to a specific address but, there were at least 3 others used as well.
In addition, one of our group believes they've found a 5th BTC address, which appears to be holding a pooled amount, which is still there - about $1.9m.
Does anyone have any experience of tracing bitcoin?
What can we do to get it back or access it?

As BTC is complety SAFE and ANONYMOUS, there is no way to get one back, when handed over.

no, as per I know, there is no option to get back your Bitcoin, that's why people suggest staying away from high profit promising scams.

I can't believe how you guys can send to someone you don't know that much money mate? My hands are shaking when I transfer a couple of tokens to my own wallet. :D

I guess you have some data about person/company you and others send money? Only way to trace this BTC and possible return is to report all to the police, with all the possible evidence. This is the only way to get your money back, but it will not be easy or fast - especially if other side is taken some steps to hide the traces (Use of Tor,VPN, false physical addresses...)

To prevent more people become victim from this SCAM it would be good to open new thread in Scam Accusations (https://bitcointalk.org/index.php?board=83.0[/url) using Scam Report Format.

. maximum you can find the destination address apart from that there is no use for having the funded wallet address. You will not be able to find the person or his location and all.
Since the Bitcoin transaction is so anonymous at the market.
There is no possibilities to get your money back simply be careful in your next investment.

Unfortunately the only way of getting your coins back is to link the addresses to a real identity.
This can happen through law enforcement agencies and their IP's or through any other sources.
Without this, the chances are pretty low.

Regarding the tracing, did you check whether the address which 'might be part' of the scammers one does have transactions related to the known scammer addresses ?




Bitcoin is NOT anonymous, not at all. BTC is pseudonymous.

Addresses can be linked together building entities with traces in between of them. Proper chain analysis can definitely gain knowledge regarding transactions happening on the blockchain.

no one can, even the police are also confused when tracking criminals who conduct transactions with bitcoin to buy drugs or other illegal items.
the thing you have to do now is to report your case to the police, maybe they can find traces of the perpetrator

I agree with you, how could they send that big amount of bitcoin to someone? There are many scammers on the web right now and there are many people who doesn't know anything about the cryptos. There are no names or addresses just your bitcoin wallet number thats all. So you can't take back anything..

there is not much you can do, groups like this have been around for a long time and they have enough experience in scamming people and not getting caught that they have so far gotten away with it.
and the worst part is that people who get involved with these groups already know they are scams so they expect being ripped off which is why nobody usually pursues these types of scams.

in any case if you are really serious about it check out walletexplorer and their parent company chainanalysis.com for more information.

That's a lot man! And there is no known way of tracing it thus far. The only way to get it back is if you know the person personally. Scams do happen even if we think that bitcoin is safe. Lesson learned there I hope.

You can keep tracing the trail of transactions that will (presumably) follow (exit scam). The only difficulty would be tracing the owners/people who control the private keys to the address. I wouldn't be surprised if they'd use a mixer to try and throw people of their tail. The only hope you have is if they slip up somehow. Sorry this happened to you. It gives both BTC and humanity a bad name.

Investing group bitcoin has high risk, and no one can trace bitcoin address , that why people always say bitcoin is currency that used by crime

its immposible to trace your bitcoin anymore, you can trace it until the bitcoin address, but you wouldn't know about the owner of that adress, because the benefit of blockchain is anonymously that makes bitcoin is very secure and anonym

the lost bitcoin can't come back again, we can only identify and see transaction evidence in each block. legal transactions or illegal transactions.

stolen bitcoin happens often, hackers have many ways to steal bitcoin, and we have to be careful about every pishing website.

I don't like stolen bitcoin because it is not good. It is very bad and if you used it their is no value because it is not worthy to used.

This is the reason for increasing scammers of this crypto world. The every thing can be vanished by making small mistake. So we need to be careful when dealing with unknown organizations and peoples.

no, maybe this can be our experience. that if it concerns our bitcoin address in detail, it's quite dangerous too. because they are eyeing that.

I don't think any latest upgrade of blockchain has enabled transactions tracing. So with this I don't think you can trace and reverse a already sent bitcoin from the recieved address. Once sent, it's gone forever.

I don't think it can come back again, because the bitcoin that has been sent cannot be canceled, you should be careful and avoid fraud.

One of the basic knowledge you need to have here in cryptocurrency is be careful. Don't just send any amount to anybody. There's no way to trace the digital coins. Next time, don't believed right away. There is a lot of scam out here.

Many stranger people are intention to steal your bitcoin especially your account because your coins is in your wallet. If they stole your bitcoin its hard to go back again so that is the lesson to you that you need to be careful here in cryptocurrency and don't trust to anyone especially to people you didn't really know and make a hard and difficult password.

It's very difficult to track your bitcoin again, because this is a blockchain that has anonymous properties that makes its owner safe to store personal data. actually you can track it down to the bitcoin address, but you won't know about the owner of that address.

Your case is a big case, this fraud happened where, what are in this forum?
If it happens in this forum, you should report it to the admin.
but if the fraud occurs outside the forum then I think it will be difficult to trace it.
I can only pray for you, hopefully your BTC can come back.

there's no way to get back the bitcoin once you send it.. just avoid the investment scam and mine your own bitcoin for safe

Hello,

Sorry for you, as mentionned it is not possible to trace it and recover them except if Police could potentially find him if you give the all the data you have. but there are very few chances to find me if it is a well done scam and furthermore much less chances to find and recover the BTC.

Again and again it is important to check everything before to invest and been chance also by other people more experiented if possible as there is so many scams and more and more trustable.

I think here you can only apply a huge line inputs and outputs Fiat money as a result of any withdrawals . if the amount is large. then surely it is somewhere cashed and it can not remain unnoticed. for example, this can be seen in various chat rooms or large offices that help to cash such an amount. this is General advice if you happen to encounter this

No way to help you get back your coin after comfirm by network! You need to carefully when join and invest!

i don't know what happened to the stolen bitcoin, but for sure the blockchain or any bitcoin wallet didn't secure the system or there was a bug or glitch

How much is the exact amount of bitcoin stolen? I have no experience in tracing bitcoin or getting back stolen bitcoin either accessing into it. I know it will be hard to get back stolen cryptocurrencies plus I do not know where am I going to stary. This ia the reason why I am putting extra careful online because my mind is set that nothing is safe in online.

Unfortunately, you can't do anything. All, you will not see their money. I'm not gloating, you just have to deal with it.

This particular issue has being in my mind and confuse about it,if one mistakenly send bitcoin to wrong address, one can not get it back, no tracer, one just has to very careful and be accurate in bitcoin transaction.