If you are reading this, you probably became a victim of a fraudulent scheme, scamming you out of our Bitcoin (BTC) and other digital assets. You may be desperate and look for ways to recover your lost funds. A question you may have asked yourself is: Can I hire a hacker to recover scammed BTC?
Unfortunately, the answer is not as simple as hiring a hacker. Here’s what you need to know.
Hire a Hacker to Recover Scammed BTC is Not the Solution
Victims of cryptocurrency scams are often desperate and seek a fast solution. The idea to hire a hacker to recover scammed BTC may be tempting, but it’s not a viable or legal solution.
WARNING: If ANYONE tells you they can hack the blockchain to recover your lost crypto, they are lying to you. This is a classic “Recovery Scam” pretext.
In these recovery scams, scammers prey on the victim’s vulnerability by making big promises, but it’s all a scam. The only thing they want is to scam you out of more money.
Is hacking to recover scammed BTC even an option?
The blockchain is designed to be decentralized and immutable, meaning once transactions are completed, they cannot be altered or reversed by any party. Not even by hackers. This core feature is what makes the blockchain technology so secure, but it also makes recovering scammed BTC through hacking impossible.
Watch out for Recovery Scammers!
As if the initial scammers hadn’t done enough damage, recovery scammers prey on people who are already a victim to further exploit them under the guise of “recovery services”. They make big promises to track and recover your lost cryptocurrency through hacking or somehow accessing the scammer’s wallet. But in reality, they are lying to get more money from you. They offer false hope in exchange for upfront fees.
Unfortunately, we have many people come to us who lost their BTC, and on top of that, were scammed a second time by recovery scammers. It’s heartbreaking, and it’s crucial to stay cautious, and do due diligence, to avoid falling into this secondary trap. The red flags of recovery scams are easy to recognize if you know them.
One of those red flags is: if anyone offers to hack the blockchain, a wallet or network, to recover your scammed BTC, you are dealing with a recovery scammer.
What You Should Do Instead
Instead of hiring hackers to recover scammed BTC, take the lawful and legal routes. If your loss is significant enough – over USD 300K – law enforcement may be willing to help. However, in our experience, law enforcement is more often than not reluctant to help which is why victims turn to private crypto investigation firms.
Rexxfield is one of those. Rexxfield does not hack, but we can help you. Everything we do is lawful and admissible in court. If you are a victim of crypto-crime, and if your losses are significant enough for us to collaborate with law enforcement, then our team of specialists may be able to help you.
Can Stolen Bitcoin be Recovered?
It is very difficult to recover stolen Bitcoin, but not impossible. The most common issue is that criminals use techniques to move stolen Bitcoin across numerous wallets by using services called “mixers”. These techniques obscure transaction trails by breaking up the stolen Bitcoin into smaller amounts, mix them with other transactions, and return the funds, which makes it much harder to track the exact origin of the stolen cryptocurrency.
We are partners with Chainalysus, the most used software to analyze transaction histories and trace Bitcoin movements. Chainalysis is used by law enforcement and the most specialized investigators to help identify wallet owners and track illicit transactions. Using Chainalaysis as well as our own software to trace the scammers to a name and location, makes us able to work with local law enforcement to arrest scammers and recover stolen Bitcoin.
However, this is a complicated and very long process. When successful, most recoveries can take up to two years. But this long period of waiting is all worth it if the value of Bitcoin has risen significantly, making the recovery worth more than the initial loss, like it was the case for one of our clients in the United States:
Case Study Rexxfield Recovers 670K in Bitcoin for US based client.
How to Vet a Legitimate Cyber Investigation Firm
We warned earlier for recovery scammers if you think of hiring a hacker to recover scammed BTC. To avoid these recovery scammers, here are a few key factors to consider when choosing a legitimate crypto recovery company:
- Business History: How long has a business been operating for? For example, Rexxfield was founded in 2008 and has a long-standing reputation in the field of cyber investigations, as evidenced by media features, and collaborations with law enforcement worldwide.
- Website and Presence: Check how old the firm’s website is, and how much they put out on the internet? A legitimate firm will have a well-maintained and informative website.
- Customer Testimonials: This one is a bit tricky, as it’s easy to create fake testimonials. But look for reviews that seem genuine.
- Legal and Admissible Practices: To recover funds, you eventually need the assistance of law enforcement or civil court. So make sure that the investigation is conducted in a legal manner and can be used in court. Avoid hacking!
Final Thoughts to Answer Hire a Hacker to Recover Scammed BTC
Losing your Bitcoins is a difficult experience, devastating at times. It is so tempting to take matters into your own hands by hiring a hacker to recover scammed BTC, but this is not an effective solution.
Hacking the blockchain is impossible.
You need the help of professionals who conduct lawful investigations so your case will hold up in court or with law enforcement.
Everything we do is legal and admissible in court. We work with law enforcement worldwide to recover funds for our clients, and know how to navigate the common issue of jurisdictions.
If your case qualifies, we offer a free basic trace of your funds to get an idea of which exchanges are involved, and what type of jurisdiction we would have to work with. Depending on the outcome of this triage, we will advise you on your options. Often we decline cases if we don’t believe recovery is possible, but if we believe there is a chance of recovery, we are with you every step of the way.
For more information, read how to Recover Scammed Crypto Assets With Our Certified Cryptocurrency Investigators.
