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Author Topic: Blockchain Recovery Department (clone of FCA authorised firm)  (Read 61 times)
Charles-Tim (OP)
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April 02, 2021, 07:39:19 PM
Last edit: April 02, 2021, 08:00:44 PM by Charles-Tim
 #1

United Kingdom's Financial Conduct Authority (FCA) says Blockchain Recovery Department is a clone (scam/fake) department, that the firm is not registered or authorized by FCA. The fake department is claiming to work for Gain Capital UK Limited, but it is not true. Even, the legit firm is not providing any service related to recovery service.

Quote
The fake department
Blockchain Recovery Department (clone of FCA authorised firm)
Address: Cambridge Court 210, Shepherds Bush Rd, Hammersmith, London
Telephone: 555-183-726

Be aware that scammers may give out other false details or mix these with some correct details of the registered firm. They may change contact details over time to new email addresses, telephone numbers or physical addresses.

Gain Capital UK Limited is not providing anything related to crypto recovery service, blockchain recovery department is not working for Gain Capital UK Limited, it is not true but fake, and a way to let people that need to recover bitcoin or any other cryptocurrency to pay certain amount in order to help in recovering the funds back, but definitely fake and a way to scam.

https://www.fca.org.uk/news/warnings/blockchain-recovery-department-clone

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April 02, 2021, 07:57:13 PM
 #2

Cryptocurrency users should understand that transactions are irreversible once confirmed and no blockchain team; fake or legit can help one to recover lost funds or invalidate transactions.

Victims of scams are usually desperate and fall easily for such schemes, but if they were more aware of the financial and privacy risk it poses, they would rather learn from their mistakes, than to dig a bigger hole to fall in.

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April 02, 2021, 08:44:34 PM
 #3

It's a double whammy Indeed when people get scammed twice, the former prolly cause of inadequate knowledge, greed, etc, and then the latter as a result of trying to correct the former (through recovery services), this issue has been brought up here for example: don't be a victim of second scam, and the case is somewhat a recurrent one, especially for newcomers who don't understand the irreversibility of TX on the network once sent out and confirmed by miners.

Having said that, that's the more reason users are required to garner as much knowledge as they can about the Bitcoin network before joining, cause if they do, they'll prolly not fall victim to scammers, and if they do, they'll know the funds are as good as gone, move on and only work on the loopholes the scammers penetrated through.
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April 02, 2021, 09:53:45 PM
 #4

Other than United kingdom financial body speculation about that company/firm is fake, is there any human complains or issues, while am asking is this are government they can stir up anything to classically lead way for their master plan, my country Nigeria government put on Bitcoin before their withdrawal restrictions.

Am afraid that cloning in cryptocurrency is higher takers of all total scammers earnings from a scam work, -Newbies- don't check much, with the chances of a clone deteriorating.

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