Can Stolen Bitcoin Be Recovered

[Alisha-k]

Retrieving the lost coin is actually possible but it is a process that will take a long time. One will ask how and i will explain with the following steps:

• Bitcoin is a public ledger so the movement of the coin was appended on the blockchain
• The coin will not remain in the hackers account for too long he will definitely move it to another address over time which will be appended as well
• Some day the coin will be moved to an exchange where it will be traded for fiat
• Even if this doesn't happen the coin will be sent to some one who will want to trade for fiat and that way the link will extend

In as much as bitcoin is pseudonymous it doesn't stop it from been traced it only takes a while and time because every transaction done on the blockchain is timestamped

[o_e_l_e_o]

• Even if this doesn't happen the coin will be sent to some one who will want to trade for fiat and that way the link will extend

And you don't see the problem here? Let's say someone's account gets hacked and the attacker steals some bitcoin. They then decided to swap that bitcoin for some altcoin. The other user in the trade, who is completely innocent, legitimately trades his altcoin for this bitcoin. He then takes that bitcoin and heads down the street to his local electronics store which accepts bitcoin, and buys some new piece of hardware with that bitcoin, again all above board. The electronics store decides to swap that bitcoin to fiat to be used to pay some salaries. The electronics store deposits this bitcoin to a centralized exchange, and then the exchange freezes their account and seizes the "stolen" bitcoin, leaving the perfectly honest electronics store out of pocket and the perfectly honest shopper banned from the store forever.

This is the basis of why blockchain analysis is so deeply flawed. Any bitcoin transaction could be that bitcoin changing hands in a completely legal way. With the addition of Lightning and now some wallets which allow users to swap private keys, bitcoin could be changing hands in a completely legal way even without an on chain transaction.

Nobody treats cash like this. Nobody tests every bill you hand them for traces of cocaine or other drugs, despite that being incredibly prevalent, or looks at the serial number and checks against a database of stolen serial numbers. Why would we treat bitcoin like this?

[Doan9269]

However, he claimed that the bitcoin was returned after he emailed a recovery expert with contact address - BLACKJOCKER10x @ PROTONMAIL COM. Different professionals who aid in retrieving stolen bitcoin were suggested by other commenters

to say the fact you don't really need to believe in every item projected on social media as crypto news, some may be intended to claim more victims, think of it in this direction, why do they have to steal it in the first place, it's a rare thing that we all know when crime is done that the main aim targeted is to loot or steal what does not belong to them, in this case, they may be framing all these stories we don't know, all we see is thier publication online, so why should we believe it, on a norms, every transaction is available for public view on the distributed ledger, if using a centralized exchange then something related to block user account is possible when due process is followed involving government.

there's whale alert as well that can signal any massive transaction carried out on the blockchain as well which could be traced when reported, but don't you think the hackers are now smarter than all these, don't you also think that the so called professionals in recovering stolen coins may be the hackers or scammers, just be careful, if you don't make a mistake from your end at first place there won't be need for all these.

[BIT-BENDER]

Bitcoin transaction is irreversible. So when your Bitcoin was sent to any address that does not belong to you, you lost it, forever.

Well I like this guidelines because it is going to make people more careful, but on the other hand people who stole others Bitcoin has in some cases be caught, yes crypto-currency is decentralized especially when you leave you bitcoin lieing in an Account with out any implicating account, but some trying to convert a stolen Bitcoin or Crypto-currency to Fiat has been caught through final receivers details. This would happen more in a non decentralized exchange.

[gullobhai]

Bitcoin is easy to track but recovery is more difficult not even back.
Bcz we all working as a software,nor in hardware, wallet's, transaction,phrase all's are in digital authority.
So it's necessary to be quiet intelligent if you are Bitcoin investor.