Is there a chance for Bitcoin Recovery?

[SatoPrincess]

A close relative got scammed by a fake Bitcoin investment company. The scammers bought bitcoins from her account and sent her bank account to hell. She was forced to change bank accounts. After the ordeal, she discovered the investment was not genuine and there was no way the scammers were going to let her have her money back let alone her too good to be true promised profits.
She hired a chargeback firm out of New Jersey and they gave us  a report but never recovered any money. I'll send screenshots of the crypto report we got from the chargeback company.









From the above images, the colored highlight indicates
the name of the suspected exchange involved, and where we believe the bitcoins were cashed out.
As you can see, it was discovered 2exchange(s)employed in the transfers of the stolen bitcoins. Please find the attached evidence regarding this case. It shows the trail of transfers
using sophisticated crypto-tracing tools following initial purchase of bitcoins that ended up in a crypto address hosted by the following exchange.
Do you think there’s a chance that we could get something now?

[jackg]

It probably depends on how sophisticated the attack was. It's likely the accounts used in binance and coinbase could also have been hacked or something too.

It probably is possible to track who took the funds but it'll probably take a legal order against one of the exchanges to get information about who the funds were cashed out to and where they ended up - but if they didn't cash out fiat, you might be needing to get the same information later on and I think both exchanges didn't require kyc to deposit.

[Minecache]

It probably depends on how sophisticated the attack was. It's likely the accounts used in binance and coinbase could also have been hacked or something too.

It probably is possible to track who took the funds but it'll probably take a legal order against one of the exchanges to get information about who the funds were cashed out to and where they ended up - but if they didn't cash out fiat, you might be needing to get the same information later on and I think both exchanges didn't require kyc to deposit.

yes, they didn't ask KYC to deposit. But, they ask KYC level-1 to withdraw the existing funds. So, it is possible to get the information of the rogue from Binance. But, keep in mind Binance will never disclose the sensitive information of their user until they are forced by any legal action. So, at first, the victim has to take legal action against the rogue and by then the legal team will take the proper action with the help of Interpol.

[tranthidung]

yes, they didn't ask KYC to deposit. But, they ask KYC level-1 to withdraw the existing funds. So, it is possible to get the information of the rogue from Binance. But, keep in mind Binance will never disclose the sensitive information of their user until they are forced by any legal action. So, at first, the victim has to take legal action against the rogue and by then the legal team will take the proper action with the help of Interpol.

As a company, Binance won't arbitrarily and easily to give up sensitive personal information to any request.

First, they don't know the person who request for such information are legit or hacker
Second, legit or not, they need a real call from government, police, etc. to provide such information.

It is best for Binance and for their customers by going through such strict process.

So if a victim can not provide such information, because of any reason such as Bitcoin or crypto exchange activities are illegal in a specific nation, Binance can not help. Even if they can help with information, it does not mean they will do compensation for the victim if it is not their systematic issues.

Additionally, Bitcoin transaction are irreverisble so when it is confirmed, it's totally done and you can not reverse it. Only the hacker can send it back to you under pressure or call from government or exchange if they pay compensation for you.

[StarKay]

I think there is a chance that's why a chargeback firm was hired in the first place.

How was the bank account hacked?
There is a chance of unmasking the hackers if you can determine how they got in.

Have you reported the hack to the bank and the Police? Without reporting to the authorities, you won't get the cooperation of the exchanges listed.
It will be difficult to get back the bitcoin without the help of government agencies as this is a case of hacking bank account and nothing much anyone on this forum can do about it.

[Jawhead999]

Why does the investigation ended only on suspected address? Did your close relative only asking to investigate the address or ask to recover too? The firm should ask Binance and Coinbase about the suspected address, they're responsible for this. Binance and Coinbase won't share sensitive information to unknown person, it's impossible they will.

There's someone could recover his coins back after take legal action before My experience recovering funds after suffering a phishing scam

[Obito]

This is just my opinion but if we ever come across that point, I think that some people with malicious intentions are going to definitely use bitcoin recovery in some way to cheat the system. Bitcoin hass the principle of being your own bank which implies that we should be the one that's responsible for our own security and if we fail to do so then it's our undoing. Maybe if we can find a safe and flawless way to verify that you own that bitcoin that you wish to recover, then there's a big chance that it's going to be useful.

[franky1]

to topic creator

your relative got scammed twice
once by the scammer that promised guaranteed profits (obvious scam)
once by a company pretending to be a bitcoin 'chargeback' company but as we all know thats impossible. they instead scammed your friend out of money for a basic bitcoin explorer 'taint' image which anyone can do in 5 minutes
(they offered no chargeback)

in life.. many words of wisdom have been said..
if its seems too good to be true, its a lie
no one gives you money for nothing
if they can make profit they dont need your money

yes your relative got scammed by a fake investment scheme.
yes the chargeback company is not a chargeback company, as bitcoin has no such feature
yes your relative lost alot of money

there is no chance of you getting your coin back unless you take an exchange to court and legally prove you were scammed for them to legally take balance from another persons account
(if chargeback company was indeed a chargeback company they would have done this on your behalf)

[goldkingcoiner]

A close relative got scammed by a fake Bitcoin investment company. The scammers bought bitcoins from her account and sent her bank account to hell. She was forced to change bank accounts. After the ordeal, she discovered the investment was not genuine and there was no way the scammers were going to let her have her money back let alone her too good to be true promised profits.
She hired a chargeback firm out of New Jersey and they gave us  a report but never recovered any money. I'll send screenshots of the crypto report we got from the chargeback company.


From the above images, the colored highlight indicates
the name of the suspected exchange involved, and where we believe the bitcoins were cashed out.
As you can see, it was discovered 2exchange(s)employed in the transfers of the stolen bitcoins. Please find the attached evidence regarding this case. It shows the trail of transfers
using sophisticated crypto-tracing tools following initial purchase of bitcoins that ended up in a crypto address hosted by the following exchange.
Do you think there’s a chance that we could get something now?

Honestly the best thing you can do at this very point is just to contact the authorities and all the exchanges. While many people here have mentioned that binance will not give out personal information about their clients, that is only true for giving out to random people. When it comes to the government and the police, binance will have no choice but to comply. Or at the very least track/freeze the accounts of the scammers.

Since a lot of this scam is involved outside the blockchain, I think tracing the criminals will be easier than if they scammed you out of your bitcoins. I would definitely keep pursuing the hot trail while it's still possible.

I really hope you can get your money back.

[Kakmakr]

The scammers will not make it that easy... having the route that the Bitcoin traveled, is not a grantee that the bitcoins will be recovered. The Chargeback company are making money out of people, by providing you information like this. (They use so-called forensic Blockchain tools, to draw fancy diagrams)

It looks impressive, but Bitcoin is pseudo anonymous... so if those addresses cannot be linked to (centralized) databases, where they paid for services or products and where their real identity were used... you will have zero chance to get back those coins. As I said... scammers will not make it that easy... they will use several Mixer services to cover their tracks)    

[dupee419]

That's just sad, but attacks like this are pretty much common now, the fact that there's a long process before you can actually 50/50 percentage recover your wallet and money, it's quite a long process but I'll definitely do the same if I was in OP's shoes.

[SatoPrincess]

With report you showed, your relative is scammed twice if she pay more than $5. Some member here (who usually find people with multiple account) have similar capability and they do it for free.

OMG I can't tell her that. It will be too much to bear
All this could have been avoid if she learnt about Bitcoin for herself.

No, unless you could convince government to order Binance to take action.

As mentioned, police involvement is critical in extracting the kyc documents from the exchange. We are pressuring the police to act on the evidence and communicate with the exchange to investigate the account holders.
A mail has been drafted to legal@binance.com

[davis196]

What do you mean by "The scammers bought bitcoins from her account and sent her bank account to hell. She was forced to change bank accounts."?
Does she voluntarily let the scammers to buy Bitcoins by using her bank account or she sent them fiat money?Was her bank account hacked?This is confusing.
So you way that she(or the scammers) used fiat money to buy Bitcoin.
There's hope in this case,because there's a possibility that the initial bank transaction can be refunded.
Banks are usually slow at processing such chargeback cases,but they usually decide the case in favor of their customers.
Bitcoin chargeback companies do not exist,because Bitcoin transactions cannot be refunded.
This "crypto chargeback company" in New Jersey is a joke.

 

[Mauser]

It's very astonishing how well we can track the scammers and where the funds went. Via IP adresses there might be a chance to find out where the scammers come from and maybe even a name or company behind. But only if they are based in a country with a strong legal framework there would be a chance to get the money back. If the hackers are based in China or Russia I don't think we have a chance to get the money back. Also the coins where transferred very quickly, so going to the exchange and claiming that we got hacked won't help much.
I find it very sad that there are still so many scammers out there in 2021 and we have almost no chance of getting our money back. There needs to be a some kind of international supervision on the Internet that helps people who lost money. A Internet police that fights back against these criminal would be awesome. If every country just gives a few million than there could easily be some independent international agency that tracks scammers and hackers and works with national police to get them arrested. The world today is probably too divided to get it done.

[lelahenderson]

I wish I could say yes, but unfortunately, there is no way of getting your lost bitcoin back. A bitcoin once lost is lost forever. And if you try to find a way to get it back, you will probably be scammed again.

[haasanjui]

After every dip BTC got pump and breaked all records of its old records and this time it will also use same strategy. Because it is best coin believed in Cryptocurrency and it will pump in some of weeks.

[DavidSki82]

I have been scammed by the same btc address but I'm not comfortable to send my contact information on this thread.

Not a recovery specialist or anything like that. I tried to send you a pm, but it wouldn't let me because I'm brand new. I would like to know if our stories match. I know my account is new, but I googled searched the btc address and seen your images and it sent me here.

Try to pm me or if you can lift that newbie pm restrictions. I'm willing to help. I have some intel different than the blockchain forensics. I'm in NJ btw too.

[Jawhead999]

but I googled searched the btc address and seen your images and it sent me here.

OP didn't even write those address, how can you googled the BTC address and directed to this forum? Smell fishy here. It's impossible google could read images and transform it to text. If you want to discuss or update new information, better to share it here otherwise you're very likely a scammer.

[Dhaniii]

According to my understanding, every outgoing transaction cannot restore lost assets, so to avoid a second occurrence, make sure to sell assets in crypto that has strong legality or a trusted market. lots of people get scammed because they ignore account security by idly entering into crypto that doesn't have strong legality.

[awik p]

my belief is only based on bitcoin users who are currently still minimal, so there are still many opportunities to always print new ath. but it is indeed a difficult time to predict, the more new investors come in the more the price will increase as the demand for bitcoin increases.