Losing cryptocurrency to hackers or scams is devastating. When people lose their Bitcoin, Ethereum, or other digital assets, they desperately look for ways to recover them. This is where crypto recovery services come in. However, most of these so-called recovery services are scams designed to steal even more money.
In this guide, we’ll explain how crypto recovery scams work, how to spot fake recovery services, and how to protect yourself. We’ll also discuss legit blockchain forensics services like Cyberhacks, which work with exchanges and wallet providers to track stolen crypto.
How Crypto Recovery Scams Work
Scammers prey on victims who have already lost money. They promise to recover stolen crypto using “special tools” or “connections with hackers.” In reality, these services do nothing except take more money from the victim.
Here’s how these scams usually work:
1. Fake Promises and Unrealistic Guarantees
Fraudulent recovery services claim they can retrieve your stolen crypto no matter the situation. They say they have secret methods to reverse blockchain transactions.
🚨 Red Flag: Blockchain transactions are irreversible. No service can magically reverse a completed transaction.
2. Upfront Payment Requests
Scammers ask for a fee before starting the recovery process. They justify this by saying they need money to pay “special tools” or “investigators.” Once they receive the payment, they disappear.
🚨 Red Flag: No legit recovery service asks for large upfront payments before showing real results.
3. Impersonating Legit Companies
Many scam recovery services pretend to be well-known blockchain forensics firms. They use names similar to trusted companies or steal their branding.
🚨 Red Flag: Always verify if the company is officially registered and check their real website.
4. Fake Testimonials and Reviews
Scammers create fake reviews and testimonials claiming they have successfully recovered crypto for others. They post these reviews on websites, forums, and social media.
🚨 Red Flag: Be skeptical of recovery services with only positive reviews and no real case studies.
5. Phishing and Malware Tricks
Some fake recovery services ask for your private keys or seed phrases, claiming they need them to recover your funds. Others may ask you to download a tool that turns out to be malware.
🚨 Red Flag: Never share your private keys or download unknown software.
How to Spot Fake Crypto Recovery Services
If you’re considering a crypto recovery service, look out for these red flags:
- They promise a 100% guarantee of recovering lost crypto.
- They ask for upfront fees before providing proof of work.
- They have fake or no contact information.
- They request private keys or personal wallet details.
- Their website looks unprofessional or recently created.
- They rush you into making a payment.
- They appear out of nowhere, often messaging you first.
Can You Actually Recover Stolen Crypto?
Recovering stolen crypto is difficult, but not always impossible. In some cases, blockchain forensics can track stolen funds. Cyberhacks is a reputable blockchain forensics provider that helps individuals, businesses, and law enforcement trace stolen crypto.
How Cyberhacks Helps Track Stolen Crypto
Cyberhacks specializes in tracing crypto transactions and identifying where stolen funds move. Here’s how they operate:
- Blockchain Analysis: Cyberhacks uses advanced tracking tools to follow stolen crypto across multiple wallets.
- Exchange Monitoring: If stolen funds enter a crypto exchange, Cyberhacks works with exchanges to freeze the assets.
- Legal Collaboration: They assist in legal processes to recover stolen funds when possible.
- Crypto Crime Investigations: Cyberhacks partners with law enforcement to investigate large-scale crypto fraud cases.
Unlike scam recovery services, Cyberhacks does not promise unrealistic results. They provide detailed tracking reports and work within legal frameworks to attempt recovery.
What to Do If Your Crypto Is Stolen
If you’ve lost your crypto, follow these steps immediately:
1. Track Your Stolen Funds
Use Etherscan (for Ethereum) or Blockchair (for Bitcoin and other coins) to follow the stolen funds’ movement. If they land on an exchange, report it immediately.
2. Report to Authorities
File a report with your local cybercrime division or agencies like
3. Alert Crypto Exchanges
If the stolen funds reach an exchange, report the wallet address to the exchange’s fraud department. Some exchanges freeze suspicious accounts.
4. Consult a Legitimate Blockchain Forensics Firm
Companies like Cyberhacks can track stolen crypto and generate reports for law enforcement action.
5. Warn the Crypto Community
Share details of the scam on Reddit, Twitter, and Telegram groups. This helps warn others and could attract white-hat hackers willing to investigate.
How to Protect Yourself from Crypto Theft
Preventing theft is easier than recovering stolen crypto. Follow these security measures:
- Use a Hardware Wallet: Store your crypto in cold wallets like Ledger or Trezor to protect against hacks.
- Enable Two-Factor Authentication (2FA): Always use Google Authenticator instead of SMS for extra security.
- Beware of Phishing Scams: Never click on unknown links in emails, messages, or social media.
- Double-Check Wallet Addresses: Always confirm wallet addresses before sending funds.
- Never Share Your Private Keys: If someone asks for your private key, they are trying to steal your crypto.
Final Thoughts
Crypto recovery scams take advantage of people desperate to get their stolen funds back. Most recovery services are fake and will steal even more money from victims.
If you lose crypto, don’t fall for fake promises. Instead, use legit blockchain forensics services to track stolen funds and take legal steps when possible.
Remember, preventing theft is the best defense. Keep your crypto secure and avoid recovery scams that could cost you even more.