Can Bitcoin Recover from scammer

[Kelward]

Maybe the agencies that he used were able to track down the scammer and force him to return the bitcoin back to the victim since you can't reverse an already confirmed bitcoin transaction. Bitcoin is not centralised like those shitcoins, which the developers can freeze and reverse transactions.

Exactly. Even if recovery agencies identify the hacker, if he has already moved the coins to his own wallet, there’s no way to recover them unless he voluntarily hands over the wallet’s seed or private keys.
Recovery agencies and blockchain analytics firms can be helpful in identifying the hacker, but how quickly this happens depends on how vigilant/smart the hacker is.

Every experienced Bitcoin holder knows that Bitcoin transactions are irreversible, ones it's done there's nothing the sender can do about it. I believe that the least thing that recovery agencies can do is monitor or identify the scammer, maybe give the identity to law enforcement but they cannot directly refund the stolen BTC to the owner. People should learn how to protect their wallets so that they will not fall prey to increasing number of scammers and hackers that are online looking for victims to steal from. Always verify twice before sending your coins and don't click on what you don't understand online.

[Kemarit]

Though bitcoin is widely recognized as a digital asset and is very volatile,when dealing with it one have to be extremely careful.

Yes, you need to be very careful as you are going to "Be your Own Bank" (BYOB).

One anonymous have his bitcoin wallet compromised and it was a serious financial setback,he try all his possible best to recover the stolen bitcoin but his effort prove abortive not until he apply another approach.

What he did was that,he compiled a well detailed information on the incident,by keeping note of some certain things like the transaction logs, the wallet address utilized and with the correspondence.Thereafter,he reported the theft to the appropriate authorities,which is the law enforcement agencies,legal experts with knowledge of cryptocurrency theft and a professional digital asset recovery services and present the necessary information for them,so that they can help get the bitcoin back.

Most of the time though it's very hard to catch the culprit, although everything is written in the blockchain, we all know that they are just Bitcoin addresses, there are no name associated with it.

And you can only traced it as far as you can, maybe the criminals might used other methods to evade detection and obfuscate. And it is what it is, that's why you really need to be very careful of your crypto or Bitcoin and not exposed yourself to cyber criminals and hackers.

[taufik123]

-snip-
And you can only traced it as far as you can, maybe the criminals might used other methods to evade detection and obfuscate. And it is what it is, that's why you really need to be very careful of your crypto or Bitcoin and not exposed yourself to cyber criminals and hackers.

Privacy is very important for anyone so that no one can reveal who you are with a connected wallet.
Scammers may have more ways to obscure the transactions made and of course, it will take a long time to retrieve the fraudulent results.

All transactions can be tracked, but of course with the help of the Mixer Platform or similar platforms, transactions can be broken down into hundreds to thousands of transactions. Scammers who are really at the highest level will probably create the tool themselves.

And yes, it will be very difficult to take back what has been seized by scammers,
especially if only retail players and large exchanges cannot take their property from the hands of scammers or hackers.

[Justbillywitt]

This your story is not very clear to me and since you are not truly sure if it was recovered or not, you should be careful how you narrate the story. Well it depends on your country if you have the necessary agencies or authorities that are set up to follow up matters like this. It's best to take the security of your assets very serious and don't rely on anyone telling you that they will recover your funds. What if the funds were not moved to a centralised exchange? How do they intend to recover the asset? This story is not very clear to me honestly speaking. Remember not your keys not your funds. Well let me even assume it's possible, at the end of the day you will end up spending extra money trying to recover funds which might not even be recovered. In my country there are no such authorities that will help you recover any funds so you better take the security of your assets very serious. Still verify from that person if truly the funds were recovered, and come tell us how they managed to recover it.

[Sim_card]

I guesd you should confirm for yourself if he was able to recover his bitcoin to be sure and how did he recovered it. So you can be talking with facts and not guessing. The last time I checked, any bitcoin stolen cannot be recover by anybody but only if the government is involved and the transaction was traceable to someone accessible.

[Dunamisx]

Bitcoin lost is different from you being scammed by any of your own performance that led to the scam, when you send to a wrong address or choose the wrong network, then this may turn to lost and if you also lost the recovery to your wallet access, all these are there as almost the same scenario, but when hacked or scammed, then this is mostly coming from our own side and we need to know that we are to be responsible on that.

[DPHOR]

Do you know one thing?
Whenever a Bitcoin transaction is confirmed it is no longer reversible or restorable because it has been confirmed on the Bitcoin blockchain. You can only restore Bitcoin that is sent to an exchange if you only write to the exchange with proper prove that your asset was hacked then they could help you lock the funds sent to their custody by the hacker or scammers.

Like I know, Bitcoin that has ever confirmed can never be restored or recovered except with what I have explained above , so you need to ask your friend or the person who said he bitcon was restored otherwise it's advisable to be very mindful with anyone who says a stolen Bitcoin would be restored.

[Mia Chloe]

It's not like you contact a bank and ask them to reverse an unauthorized transaction.

Exactly this is because bitcoin doesn't work with KYC besides you can't even tell how many addresses a person has if he doesn't disclose them.  This is one of the reasons one has to be very careful because reversing transactions of scammers is almost a zero percent positive outcome.
This is because scammers don't actually care about how much fees they waste just to ensure it gets confirmed faster. Infact 9 out of 10 times your wallet gets hacked you will find that transaction in the current block so before you rush to RBF back to wallet it may be confirmed already.

[Zoomic]

Though bitcoin is widely recognized as a digital asset and is very volatile,when dealing with it one have to be extremely careful.

One anonymous have his bitcoin wallet compromised and it was a serious financial setback,he try all his possible best to recover the stolen bitcoin but his effort prove abortive not until he apply another approach.

What he did was that,he compiled a well detailed information on the incident,by keeping note of some certain things like the transaction logs, the wallet address utilized and with the correspondence.Thereafter,he reported the theft to the appropriate authorities,which is the law enforcement agencies,legal experts with knowledge of cryptocurrency theft and a professional digital asset recovery services and present the necessary information for them,so that they can help get the bitcoin back.

He said with their experience and the consultation they have made concerning the assets recovery,that they finally have a better chance of finding the lost bitcoin by navigating the tricky situation related to bitcoin theft and scamming techniques,although the bitcoin was recovered but it took time before the recovery was made.

I’m still very confuse about the whole scenario,as to whether the bitcoin was back for sure or not because am always skeptical about bitcoin lost.

An anonymous person told you this story? Have you confirmed if the story is true? I have read quite a good number of posts about the possibility of a bitcoin transaction being reversed after being confirmed and all my response has always been that it is impossible for such a transaction to be reversed. The only possible chance you would get  to get your bitcoins back is if you could identify the scammer or hacker and force him to send back your stolen bitcoins. Apart from this, you would just be fighting a lost battle.

By the way, you should be careful if you are listening to this story from some random dude you don't even know. Some of these guys will feed you will stories that don't exist just to gain your trust and betray that trust at the end. Just be careful.

[albon]

He said with their experience and the consultation they have made concerning the assets recovery,that they finally have a better chance of finding the lost bitcoin by navigating the tricky situation related to bitcoin theft and scamming techniques,although the bitcoin was recovered but it took time before the recovery was made.

I’m still very confuse about the whole scenario,as to whether the bitcoin was back for sure or not because am always skeptical about bitcoin lost.

It’s clear that you found this story on Reddit or through one of the comments on the X platform tweets. I can tell you, OP, that if you ask this anonymous person who shared the story about the service they used to recover their Bitcoin and digital assets, he will almost certainly direct you to a scam platform.

These platforms will either force you to pay more money or scam you in some other way. You should be careful and not believe everything you read, the matter of recovering stolen assets is difficult and its success rate is not guaranteed even if you report it to the competent authorities or if the scammer transfers the funds to CEX. Also, I strongly advise against trying stolen asset recovery services because 99% of them are scams. Be careful, and don’t trust strangers or stories with no proof or credibility.

[jstyler]

I'm glad Berryfolia shared this story, but I have to say, I'm a bit skeptical too. The fact that the OP is still confused about whether the bitcoin was recovered or not doesn't exactly inspire confidence. I've seen similar stories online where the "success" of asset recovery is attributed to some shady service. I think it's great that the authorities and legal experts were involved, but I'm with you on being cautious about these kinds of stories. Have you considered looking into the actual recovery process and the services used, rather than just taking the story at face value? Would love to see some more concrete info on this.

[AprilioMP]

I’m still very confuse about the whole scenario,as to whether the bitcoin was back for sure or not because am always skeptical about bitcoin lost.

We first separate one by one the object of the problem to know clearly.
Bitcoin users who already know about bitcoin, storage and the process of storing correctly, it will be easy for them to avoid fraud mode even though at one time they experienced the most painful incident such as conceding their wallets. If they already have sufficient knowledge provisions related to what I said above, then the level of panic can be controlled so that it is not easily hypnotized by various offers from other parties who are trying to offer a trap solution.

[Pi-network314159]

Though bitcoin is widely recognized as a digital asset and is very volatile,when dealing with it one have to be extremely careful.

there is nothing to be careful about in bitcoin investment, except you are talking about gambling shitcoin. volatility of bitcoin don't stop or deprive you of investment. volatility of bitcoin even make it easy for you to invest because it gives motivation. since without volatility no one will like to invest in bitcoin.

One anonymous have his bitcoin wallet compromised and it was a serious financial setback,he try all his possible best to recover the stolen bitcoin but his effort prove abortive not until he apply another approach.

that is why it is important we keep our seed phrase or privacy safe to avoid hackers. aside that phishing site are all over the internet, a scammer may decide to post a promotional offer that is too good to be true and people out of curiosity will fall into the trap by clicking on the site, and further impute there private information and this will lead to there wallet being compromised. so carefulness needs to be taken seriously.

He said with their experience and the consultation they have made concerning the assets recovery,that they finally have a better chance of finding the lost bitcoin by navigating the tricky situation related to bitcoin theft and scamming techniques,although the bitcoin was recovered but it took time before the recovery was made.

I’m still very confuse about the whole scenario,as to whether the bitcoin was back for sure or not because am always skeptical about bitcoin lost.

there is certainly an untold story that needs to be explained, because any transaction that has been confirmed in the blockchain can not be recovered or reversed. as that is what makes it different from fiat banking system. the word decentralized is is far different from centralized

[doomloop]

One anonymous have his bitcoin wallet compromised and it was a serious financial setback,he try all his possible best to recover the stolen bitcoin but his effort prove abortive not until he apply another approach.

What he did was that,he compiled a well detailed information on the incident,by keeping note of some certain things like the transaction logs, the wallet address utilized and with the correspondence.Thereafter,he reported the theft to the appropriate authorities,which is the law enforcement agencies,legal experts with knowledge of cryptocurrency theft and a professional digital asset recovery services and present the necessary information for them,so that they can help get the bitcoin back.

He said with their experience and the consultation they have made concerning the assets recovery,that they finally have a better chance of finding the lost bitcoin by navigating the tricky situation related to bitcoin theft and scamming techniques,although the bitcoin was recovered but it took time before the recovery was made.

Scammers and hackers can only be caught after doing cryptocurrency-related frauds or heists if they are foolish and use centralized services to sell or convert their coins because that is going to give the authorities your identity or at least the identity of the person whose account was used to complete the operation and then they will catch the person and recover the funds from him.

If a scammer or a hacker is smart, they will never get caught because once your Bitcoin or any other asset is gone from your wallet to another, it's not possible to get it back because you can't track a person only based on his wallet address or transactions he made on-chain where no centralized and KYCed service is involved.

This makes me thing that the whole story is either fake, or the person who stole the money was a fool and got caught by the authorities easily.

[KingsDen]

It is possible to recover missing bitcoin, especially if the thief is not smart enough to hide himself. The law enforcement agents in collaboration with Blockchain analysts can track the bitcoin till it lands in a centralized exchange where KYC was performed. They'll demand for the details of the KYCed customer and the tracking starts from there.

The only way recovering your bitcoin will be difficult or impossible is when the thief sends the BTC to a mixer and the traces are broken.

[Gozie51]

I’m still very confuse about the whole scenario,as to whether the bitcoin was back for sure or not because am always skeptical about bitcoin lost.

Some bitcoin was stolen from bybit and it is yet to be recovered.

So don't get confused to the extent to compromise your wallet phrase or details, if you do you are at risk of losing your coins. Once bitcoin is sent and confirmed, it doesn't belong to sender any more but to receiver. In others words, you can't recall a confirmed btc unlike bank can recall or freeze a bank account for suspicion of fraud.

For bitcoin, hacker analyst or security agency can perhaps trace the hacking wallet but can't order or threaten the hacker to return except if arrested, forced under pressure to resend.

Don't make such mistake to send to wrong wallet.

[Franctoshi]

It is possible to recover missing bitcoin, especially if the thief is not smart enough to hide himself. The law enforcement agents in collaboration with Blockchain analysts can track the bitcoin till it lands in a centralized exchange where KYC was performed. They'll demand for the details of the KYCed customer and the tracking starts from there.

The only way recovering your bitcoin will be difficult or impossible is when the thief sends the BTC to a mixer and the traces are broken.

Or possibly if the hacker decides to leave the Bitcoin without sending it out at all, then that Bitcoin can never be traced to anywhere.
The problem why recovery of Bitcoin seems not easy is because of the process involved in getting reach of the law enforcement agencies that would do the job or the money that one would spend on the process of recovering it, and another difficulty faced is when the hacker decided to abandon the Bitcoin for number of years, 10+ years without touching it, this way it will be a bit difficult for the trackers at the moment and can possibly give up in when it must have stayed long.

[Hazink]

Bitcoin lost is different from you being scammed by any of your own performance that led to the scam, when you send to a wrong address or choose the wrong network, then this may turn to lost and if you also lost the recovery to your wallet access, all these are there as almost the same scenario, but when hacked or scammed, then this is mostly coming from our own side and we need to know that we are to be responsible on that.

Bitcoin lost for sure is different, but sending to a different network—what do you mean? As long as it's a Bitcoin wallet address and you have access to it, such a thing can't be considered to be lost, and even if you make a mistake by inputting a totally different address from a different network, it won't go through, as it will show as an error, unless you make a mistake with numbers on the actual Bitcoin wallet, which is when you can send to the wrong address.

[dzungmobile]

Bitcoin lost for sure is different, but sending to a different network—what do you mean? As long as it's a Bitcoin wallet address and you have access to it, such a thing can't be considered to be lost, and even if you make a mistake by inputting a totally different address from a different network, it won't go through, as it will show as an error, unless you make a mistake with numbers on the actual Bitcoin wallet, which is when you can send to the wrong address.

On centralized exchanges, if you enter an unmatch of address and network, there is warning and withdrawal feature can be hidden (disabled) as an alarm for you.

In a non custodial wallet like Electrum, if you send your bitcoin to a wrong address, for example I copy a Bitcoin address, and delete its last character, Electrum wallet software will hide Pay button. That means it does not allow me paying my bitcoin to a wrong Bitcoin address.

I can not say about other Bitcoin wallet softwares, they can have this feature or can not have it.

However, it is too detailed and simply said, assume you broadcast your Bitcoin transaction to a wrong address, you lose your bitcoin if that transaction was confirmed. It's simple and enough as a warning, also Bitcoin transactions are irreversible.

[nakamura12]

Bitcoin transactions cannot be reversed so once the bitcoin is sent then it cannot be cancelled or reversed back to you. If it's about getting scammed is that you cannot get it back unless the scammer sent it back but it's unlikely that will happen. If the scammer use something like a mixer then it will be very hard to trace it. As others have stated that if the bitcoin is just at the wallet where it was sent then it's most likely stay that way until the hacker or scammer touch it after holding it for years.