Top 5 ways to recover your stolen or lost crypto - page 2.

gabmen

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Quote from: anume123 on December 05, 2019, 01:04:17 PM

Quote from: Capt00 on December 04, 2019, 06:28:06 PM

Quote from: nicolas1979 on November 30, 2019, 05:53:35 PM

That is very long post I ever read but information inside very good. Now we know there is solution for our problem even I believe not all will success. I try to understand what should I do if get stolen crypto so I can do something to protect my wallet and this post really helpful, thank you.

There is no possible if we would like to try but the question is if we could have to make it. Cause most lost/stolen crypto aren't recover anymore. It only we can trace the transaction but badly we can't make it back from the hackers. We can't make assurance for the safe keep of our wallet, even exchanges become a victim beside they are strict in terms of wallet/keys security.

That's correct once the transaction goes into it, it will be a big problem to solve once it has been transfered to other wallet maybe you can contact the support of the wallet or otherwise it will be stolen by hackers.

There actually aren't any solutions that are viable in op's post? That's one thing about anonymity and drcentralization. Once you've pressed that send button, the fund goes to the wallet address you've indicated. There's no way for you to know who that wallet belongs to and even if you freeze you assets, the funds that you've sent out would be irretrievable. It's just about being careful to prevent such mistakes.

yanto@1977

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You got the point but I already did that and no money can't recover, I lost it forever. The only that we can do is keep our wallet safe and always check transactions before execute. We can recover our money is by do some trade/ invest again. Anyway thank you for your post, at lest I know something different.

anume123

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Quote from: Capt00 on December 04, 2019, 06:28:06 PM

Quote from: nicolas1979 on November 30, 2019, 05:53:35 PM

That is very long post I ever read but information inside very good. Now we know there is solution for our problem even I believe not all will success. I try to understand what should I do if get stolen crypto so I can do something to protect my wallet and this post really helpful, thank you.

There is no possible if we would like to try but the question is if we could have to make it. Cause most lost/stolen crypto aren't recover anymore. It only we can trace the transaction but badly we can't make it back from the hackers. We can't make assurance for the safe keep of our wallet, even exchanges become a victim beside they are strict in terms of wallet/keys security.

That's correct once the transaction goes into it, it will be a big problem to solve once it has been transfered to other wallet maybe you can contact the support of the wallet or otherwise it will be stolen by hackers.

Capt00

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Quote from: nicolas1979 on November 30, 2019, 05:53:35 PM

That is very long post I ever read but information inside very good. Now we know there is solution for our problem even I believe not all will success. I try to understand what should I do if get stolen crypto so I can do something to protect my wallet and this post really helpful, thank you.

There is no possible if we would like to try but the question is if we could have to make it. Cause most lost/stolen crypto aren't recover anymore. It only we can trace the transaction but badly we can't make it back from the hackers. We can't make assurance for the safe keep of our wallet, even exchanges become a victim beside they are strict in terms of wallet/keys security.

Oilacris

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Quote from: ragavancoin on November 30, 2019, 01:33:36 PM

Once it is stolen or lost it is highly impossible to recover. Once gone is gone for ever and ever. Even i personally experienced bad with these ones its lost you can't get back.
As said above prevention is better than cure. Take neccessary action before its too late, no use of breaking head once it's lost or stolen.

Store your private keys safely
Be wise. Should be very careful.

Despite of the effort, recovering once stolen is indeed impossible to recover because the transactions has been confirmed and even if you take it legally, the legal will advice you to accept the fact that you already lose the money. Prevention is better so your top priority is to protect your wallet, always have a secured transactions and never expose your private keys.

Main thing should be having on mind because of irreversible characteristic of crypto, there no other way for those lost coins to be retrieved even it would be on legal aspect.

As you said once tx is confirmed then taking it back is impossible.Hence, you wouldnt even know on whose the owner of such wallet thats why its better to move on than to
stress out yourself into lots of things to think off about recovery because its an impossible one.

wxa7115

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Quote from: DoublerHunter on November 29, 2019, 05:43:08 PM

Once transactions of blockchain are being confirmed this is irreversible, it means there's no way to back your money. I think you just move on and don't let it will happen again in the future because you can't force to pay once if ever you can trace hackers from the wallet address send. It's too late to recover and better to move on in that way, especially those small amounts they let hackers be happy and without tracing them because they know it will be lost forever. Because of our carelessness, our crypto was gone. You should be careful next and be vigilant in keeping your bitcoin safe.

If the amount of coins that were stolen is high then you cannot really afford to move on you need to go to the authorities and tell them what has happened but there are several problems with this approach right now, the first is that many police departments are not really equipped with the tools to try to track the hackers that stole your coins, the second issue is that no one really knows what cryptocurrencies are so you may not get the attention of the authorities even if you go to them.

And finally there are many that are holding their coins and have not reported their profits and have not paid their taxes and they are rightfully afraid that instead the ones that will get in trouble will be themselves.

nicolas1979

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That is very long post I ever read but information inside very good. Now we know there is solution for our problem even I believe not all will success. I try to understand what should I do if get stolen crypto so I can do something to protect my wallet and this post really helpful, thank you.

Yatsan

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Quote from: ragavancoin on November 30, 2019, 01:33:36 PM

Once it is stolen or lost it is highly impossible to recover. Once gone is gone for ever and ever. Even i personally experienced bad with these ones its lost you can't get back.
As said above prevention is better than cure. Take neccessary action before its too late, no use of breaking head once it's lost or stolen.

Store your private keys safely
Be wise. Should be very careful.

It is irreversible process actually, that is why there is a confirmation from the sender before any transaction, so basically what you need to do is to check all the information encoded to successfully transact. But OP should have cleared on what he is pointing to, I lost my mind for a bit reading the whole post, if it is stolen or lost. There is a complete chance for you not to get back what you have lost from being careless or hacked that is he primary con of cryptocurrency. I highly recommend to double check, better if triple check of the information especially on addresses since it is too long alphanumeric characters.

Just to add up, there is no such thing as reclaiming of crypto.

cosmofly

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These are really helpful advice for careless people. I have also had viruses enter my computer and steal all my data. So to avoid hackers or viruses from entering your computer, you should first keep your computer as clean as possible and not download any unsafe file types.
I think this is one of the best ways we can help us prevent a computer from being hacked remotely.

beerlover

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There are big differences between stolen cryoptos and lost cryptos. Summarizing some common methods across these two category makes no sense at all. Basically, cryptos are non-reversible which makes once stolen is stolen for ever and the transparency level of blockchain has no help on this case. (Blockchain is pseudo-anonymous which is one level up toward transparency but not sufficient as addresses are not linked with physical identities, lol).

In my opinion, there cannot be any generalized effective way for recovering stolen or lost cryptos. Some methods may work on some cases and vice versa. The only feasible solution could be, securing our crytos with double to triple checks and measurements. Prevention is much much better than recovering

.

ragavancoin

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Once it is stolen or lost it is highly impossible to recover. Once gone is gone for ever and ever. Even i personally experienced bad with these ones its lost you can't get back.
As said above prevention is better than cure. Take neccessary action before its too late, no use of breaking head once it's lost or stolen.

Store your private keys safely
Be wise. Should be very careful.

Kevondo

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Quote from: kanayaTabitha on November 28, 2019, 11:16:53 AM

Quote from: Findingnemo on November 28, 2019, 11:07:30 AM

Actually there is no way to recover the lost crypto once it was stolen unless you find the person who steals from you and accesses his wallet and sends you funds back again.All the other tracing works or complaining to the exchanges won't give any chance to recover.

Those tips are quite helpful i think, but it won't make any decent difference when our wallet stolen, sometimes the thiefs are instantly send our assets to their wallet, so it will waste if we spend too much effort to take back our wallet. We better to prevent the lost or stolen rather than find way to recover it

If someone becomes successful in his attempt of getting your wallet, then it is best to consider the money gone at the very moment your wallet ended up in someone’s else hands. Prevention is better than cure. Everything can be recovered but sometimes recoveries are also not a simple task to perform. The most effective way is to stop sharing credentials and sensitive information with others.

Murat

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It's not possible to get back your stolen crypto by any means, it's quite impossible to recover the loss in this cryptocurrency platform, suppose, your whole crypto has stolen by a hacker so how could you do regarding this issue, what about your legal issue? when you don't have any legal status then you don't have any chance to get helped from this segment, following my experience, I didn't hear any news that stolen cryptocurrency or Bitcoin would restock. once it's gone, it's forever gone. it's the most demerit of this system.

iamaruf

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Tittle question and answer is totally different.There is no way to recover stolen crypto. After crypto transfer there is no option to dispute or refund.So there is no way. Your mentioned point is how to keep your crypto safe from hacker.

DoublerHunter

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Once transactions of blockchain are being confirmed this is irreversible, it means there's no way to back your money. I think you just move on and don't let it will happen again in the future because you can't force to pay once if ever you can trace hackers from the wallet address send. It's too late to recover and better to move on in that way, especially those small amounts they let hackers be happy and without tracing them because they know it will be lost forever. Because of our carelessness, our crypto was gone. You should be careful next and be vigilant in keeping your bitcoin safe.

wxa7115

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Quote from: Findingnemo on November 28, 2019, 01:02:44 PM

Use paper or hardware wallets for storing your total portfolio amount, just keep the small and affordable amount on wallets which can be accessed anywhere from mobile for paying or to convert them into fiat. If you are using an exchange to store cryptos then follow all the safety measures like 2FA, login guards, unauthorized mobile access guards and much more.

There is a saying that states that prevention is better than cure and it is true, many people concentrate themselves on trying to find ways to get their coins back after they had been stolen when it is way better to secure our coins properly from the very beginning so the chances that we lose our coins are very small, and the truth is that the steps needed to secure our coins properly are not really that hard.

If you are going to store your coins for the long term and you do not have any kind of plans to move them then paper wallets are a great option and if you have plans to move them once in a while then get a hardware wallet, trezor is right now having a black Friday offer and you can get their cheapest model for 49 euros which is really cheap.

panganib999

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Recover stolen? crypto? Are we talking about the same crypto of blockchain tech? If so then I'm pretty sure you can't recover that. Most of the information you actually listed is Prevention instead of being called recovery. BTC or any altcoin at that can never be recovered once sent to another's wallet. It's just simply impossible. It's just how the system was made. Well, if the scammer/hacker actually sent the coins back out of changing heart, well, that could be a possibility. But the chances are close to null, ngl.

tracey77

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Quote from: rijaljun on November 29, 2019, 02:09:59 AM

I'm not trying to say stealing money is right thing to do but I would never pay more than what I have lost just to take revenge. They just don't deserve my money more than what they have stolen.

Fully agree, but it's not that simple. Usually crypto thievery revolves around small sums in a single case. Someone is stealing small amounts of crypto from many people, because no one will pursue him heatedly, such approach let those people run away with your money. Justice loses with clear calculation and I'm not surprised and I also wouldn't seek for vengeance if it turned out completely unprofitable for me - all in all it's all about money. The situation is different when it comes to biggers sums, for example stolen from some company or organisation and in this case, even when the chances for retrieval aren't high, it may be profitable for such to hire for example Coinfirm mentioned here. Of course it's better (and cheaper) to prevent rather than seek for help after the incident but sometimes even the best security systems fails to protect assets from being stolen. Everyone who gets into crypto should know the basics how to protect yourself and always be careful.

rijaljun

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Quote from: shield132 on November 28, 2019, 04:17:59 PM

Quote from: rijaljun on November 28, 2019, 11:37:26 AM

Imagine, someone lost crypto worth about $500 USD and he took legal action, reporting to police, had a lawyer and waited everything to be processed that took so much time and at the end he realized that he has lost more than the $500 cause he needed to pay the expenses during the search of his stolen money.

Haha, +1 to this. Sadly this is what happens in almost every case. What's gone, is gone (in crypto world, yeah, that's why it's called crypto). Btw it's so funny, these guys want anonymity but at the same time want to find stolen coins and even get them back.
Bitcoin and the way transactions are sent are far different from bank transactions. On bank transactions, if any mistake happens, you can call to them and fix it with them but in bitcoin, whom are you going to call? If you are capable of recovering your stolen cryptos, then recover all of them, you will be a billionaire.

I thought you'd give me some merits by saying +1

Well, people should be aware of everything that may appear during the proccess of decentralization.

Quote from: BitHodler on November 28, 2019, 12:56:27 PM

In some cases it's not necessarily about getting your money back, but about justice. I would gladly cover the legal expenses to see hacker/thief be forced to pay a hefty fine or be sent to prison to rot for a while.

It's not fair to have someone like that enjoy the money you worked for. If people were to ignore reporting small theft amounts it basically means that the thieves win and have even more incentive to steal only smaller amounts.

I'm not trying to say stealing money is right thing to do but I would never pay more than what I have lost just to take revenge. They just don't deserve my money more than what they have stolen.

shield132

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Quote from: rijaljun on November 28, 2019, 11:37:26 AM

Imagine, someone lost crypto worth about $500 USD and he took legal action, reporting to police, had a lawyer and waited everything to be processed that took so much time and at the end he realized that he has lost more than the $500 cause he needed to pay the expenses during the search of his stolen money.

Haha, +1 to this. Sadly this is what happens in almost every case. What's gone, is gone (in crypto world, yeah, that's why it's called crypto). Btw it's so funny, these guys want anonymity but at the same time want to find stolen coins and even get them back.
Bitcoin and the way transactions are sent are far different from bank transactions. On bank transactions, if any mistake happens, you can call to them and fix it with them but in bitcoin, whom are you going to call? If you are capable of recovering your stolen cryptos, then recover all of them, you will be a billionaire.

Topic: Top 5 ways to recover your stolen or lost crypto - page 2. (Read 590 times)