Bitcoin Forum

Hi
Has anyone had any experience with the following:
I believe i had been scammed by a online trading company and used a recovery expert  to get the money back, they have said that they have recovered the money in BTC tokens and they are now in a account as unrecognised tokens which shows a deposit balance but not available until i add 10% of this balance to unlock it.Any advice would be appreciated as i do not want to get scammed again.
Thank you and look forward to any replies as time is short, and i am told if they do a maintenance on the platform the tokens will automatically get burnt.

You did the right thing and asked for advice... The situation you described looks like they are trying to scam you again.

A service that asks you to give money to get money is 99,99% of the time just scamming you... Also, the rest of their explanation looks very fishy... Really, why would they be using some unknown token... If they had really recovered your money, they would be having your BTC in their account, they'd probably subtract their fee and send you the rest. Just think about it: they claim to have access to your money, why on earth would they ask you to send them more money before they release your money (witch they already have access to) while they can just take their fee from the money they recovered... It makes no sense and is a VERY common scam tactic.

The fact you tell us they're using some unknown token (instead of BTC, witch is the currency that was stolen from you) is enough reason to call it a scam, the fact they're asking for money in order to give you money is an even bigger red flag.

You were scammed once, step away before you get scammed twice!

Apart from what mocacinno has said, I would recommend that you do a lot of research before investing again. You have probably been scammed once and you have been about to be scammed a second time. You have done well to ask here, but from now on buying bitcoin securely and storing it in a hardware wallet I think would be the best thing to do.

Consider the money from the first scam for lost and make sure it never happens to you again.

You said it all, looking at everything asking him to send certain amount of money to release his money is suspicious, I doubt if this experts who claim to recover his money is real. @ OP you need to be careful how you go about this issue.

There's no such thing as a recovery expert, just get a lawyer. And if that doesn't work, I don't really know what will tbh, that just means no trace of evidence and whatnot could've been found to actually be helpful in your case. And honestly, even if such an expert exists, I'd reckon he'd ask payment normally you know? Like send me xx amount here is my Paypal or something, not something like that. If it was crypto I'd honestly suggest giving up, if not then probably get some legal help.

that's definitely a scam. you are not the first.
it depends on how much had been scammed from you already but if i were you i would surely find out who they are if it's not something to ignore.
you might wanna lure them to give their information like you are sending via western union or so and ask for some information about them.

Advice number 1.
Don't trust any profitable but unreasonable platform about cryptocurrency on the internet, even they already have the evidence of people who got profits because it could be scam anytime soon.

and number 2.
Always did a deep research before moving money to an exchange or staking platform or anything that will store your money there. It's better to used proven exchanges to do trade and if you just want to store crypto, store it in a wallet not in exhchange

definitely a scam. it's not the first time someone posted similar experience here in the forum.

it is a scare tactic they use to make their victims panic and convince to deposit on the site again.

anyway, would you mind sharing what online trading company you are talking about. it would be best to warn other people who might read your thread

Your "recovery expert" is just another scammer trying to get you a second time, as evidenced by the following information:


Think about it, why would a recovery expert threaten to burn tokens that they "allegedly" recovered for you?

So you’ve been scammed by the trading company (likely on that claimed to give you incredible returns on your investments) and then you were subject to yet another scam attempt by an alleged recovery company that claimed to have recovered your bitcoins, but morphed into some shitcoin, and who is now following for the classical "give me more to unlock" scam scheme.

You really need to place more attention where you are getting your advice from, as often one-on-one social media lead gullible people into a quiet conversation to scam them. Chances of regaining your initial investment is epsilon away from cero, being epsilon a very small and depreciable number.

Wait, what platform/exchange do you use to invest your money, what is the name of the exchange, do they operate on this forum I mean they are here, how do you complain here that you were duped, without showing anything, proof.

I mean there are many platforms/exchanges outside and in this forum too, are you sure that you are using the exchanges on this forum.

Please check here, it's worldwide exchange and country.

Topic: LIST OF EXCHANGES - UPDATED DAILY!   (https://bitcointalk.org/index.php?topic=3140406.0)

What exchange scammed you, its name and which region you live in.

you have to be more careful. because it's an indication of fraud. you better keep trying to ask for your money, and if you get you leave the site and leave because it makes a loss. my advice is to analyze it and don't hesitate to ask questions about crypto investing in this group before you jump into the crypto world in order to get the best advice from members in this forum

This is a very common scam. It usually allows you to redeem your lost btc and continue to let you invest in btc. When you find that you are fooled again, they will continue to let you invest in btc, using very untrue reasons. More and more money was scammed, and they caught your mentality that you don't want to give up the money and continue to let you deposit btc to deceive you!

When you deal with social media or unknown people from Internet in general, stay away from people who glorify their titles without proof, for example, an expert, a doctor, an engineer, a scientist, …. etc.

Help is only from the support team or people who do not ask you for money, or at least they are not requested until after you are sure that your problem is resolved.

I hope that your loss is not too much and that you learn from it in the future.

Chill dude why are you attacking this poor fella ? he's simply asking if this recovery process is legit (which is probably not) and you're out here giving him this list of exchanges..like why is this even relevent ?

OP as members mentioned above this is probably another attempt to double down on you,best thing to do right now is to just learn from your mistake and move on.

How did you scam before?
If the strategy of the scammer is the same as that then you shouldn't trust them without proof that they are legit. Asking it here is always the right thing but could you post the company or name of that "recovery expert"? So that other people are aware of that name or website.

Actually, there are many scammers out there I receive PM and email day by day about my wallet or an exchange account but I know they are scams.
Most of them are in telegram I always got PM from scammer they always ask help to withdraw from the unknown exchange with locked funds and according to them I just need to deposit 10% to 20% to be able to withdraw the funds out from unknown exchange and as a reward, they will give me 60% of the amount which is all lie.

So almost all scammer's strategies are the same there is no difference between your statement and mine.
I believe that these scammers are Indian people because I watched many videos on youtube about pranking scammers and most of them are Indian people.

Dont if you dont like to be get scammed again.Asking out for some deposits is something already fishy in the first place.It is just a pure bullshit that someone could really help you out when you do get scammed by
a certain website.

Consider those coins is lost.What trading company/platform you've been talking into? This is why its really important on having in-depth research on websites or platforms that you are tending to engage off and
wouldnt really just simply deal without sufficient proof that theyre legit.

Scams are everywhere thats why you should really be careful on next time.

You already got the answer, this is a scam for sure. I haven't even ever heard of anyone being able to collect a claim from these dubious trading platforms

btw, you can test it. Ask that recovery expert to use escrow to secure that deal. if he is not a fraud, he will certainly not have a problem involving a third independent side. if he tries to avoid using escrow, then you won't have the slightest dilemma whether he is a scammer.
note. If it's happened, ask here for trusted escrow.

Don't just deal with anyone online asking to give help to you and asking for a fee from you, that will look like outright scam. If you ask for a prove of past work or help done from them as evidence, you can get a Photoshop and you can fall for it. The best is to flee from every one asking for money to help you. This include elegram groups too, they can scam you with rhetorics of sending you trade information but requiring payment from you first.

@OP, please learn more about cryptocurrency and how it works. Due to the irreversible behavior of cryptocurrency, it's almost 99.99% impossible to recover the funds once its out from your wallet. Only if a legal authority could identify the scammer and arrest him, then there is a chance to get back your funds. But it's quite a complicated process for tracking cryptocurrency transactions.

So, yes you are going to being a scam for the second time. Who knows the same scammer in your contact? They will not agree to release the so-called recovered fund if you ask them to cut 10% from the recovered fund as they claimed. I am assuming you begin scammed due to your greedy nature. Now don't be a victim again for stupidity. You lost it forever. Just concentrate to earn in a legit way.

It's possible that there's connivance on that online trading and that recovery expert, have they explained how did they recover that funds and why did the online trading company let that so-called recovery expert get in your account when it comes to settling an issue with an online trading company the account holder should be the one to settle it and contact them, there's something wrong here until they proved that they are transparent of their claims do not send them the funds or you will be sorry.

There are two elements that they are trying to scam you again, first, there is no such thing as a recovery expert that can recover your funds in an online trading company,  in just a short period of time there could be connivance here, I don't know where you meet that guy, second, they want you to add balance and they want you to do it in a hurry so you cannot ask for help or think if you are doing it right.
Don't fall for this they are trying to scam you again, next time check if the site is legit before you put your money this is a forum you can ask here.