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July 28, 2022, 10:50:24 AM

Merited by JayJuanGee (1)

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

You can not recover it, never.

But you can recover your wallet if it was hacked, compromised. It does not make sense if all Bitcoin in that wallet was stolen already. However, with a non custodial wallet, you can do more than just making a transaction. You can sign a message from that wallet (from a public address and a key) and sometimes, you have to do this for business deal.

But because that wallet was compromised, you should abandon it after you can prove your ownership and inform others (trade, business partners) about the situation. After that, you must use a new wallet for storage, signing message and so on.

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July 28, 2022, 10:58:27 AM

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However, he claimed that the bitcoin was returned after he emailed a recovery expert with contact address

Actually those testimonials are most probably all fake and one will be scammed again paying for a service that cannot do anything.

1. Bitcoin transactions are irreversible.
2. Bitcoin is pseudo-anonymous, hence if somebody knows what he's doing, the stolen coins won't ever be linked to his identity.
3. If, by chance, the thieve makes a mistake, he has to also send his funds to a centralized exchange (which may or may not happen, or, even if it happens, it may happen only after many years), and the exchange will move a finger only if a proper warrant will be shown to them, which is not easy to obtain.

So this kind of "experts" will most likely get some fat money deposits from you, may fill you with promises and .. will do nothing.

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July 28, 2022, 11:02:03 AM

As I read their criticism and opinion about Bitcoin, you can really say that some have deep knowledge about this and some don't have any. With the shared opinions, positive and negative opinions, as a listener or reader it somehow just creates confusion in our minds about what is right and what is wrong. That is why having this situation we should not have to weigh all of those things we heard but it was for us to even try to further know what really it is (Bitcoin) and to verify something (potential investment or scam).

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Quote from: tbct_mt2 on July 28, 2022, 10:50:24 AM

July 28, 2022, 11:08:13 AM

Merited by JayJuanGee (1)

It should be known also that recovery services telling people that they can help to recover such transaction only want to scam them too, which means recovery services are scam.

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

Actually, bitcoin unconfirmed transaction that support replace-by-fee can be reversed if double-spent by the sender. Also if the mempool is congested and full, low fee transactions in the mempool would be replaced by new transactions with high fee, the low fee transactions can be used in another transaction.But this is not about this topic at all though. Confirmed transactions can not be reversed, it is truly irreversible.

Quote from: tbct_mt2 on July 28, 2022, 10:50:24 AM

You can not recover it, never.

Exactly because the transaction would already have been confirmed.

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July 28, 2022, 11:46:19 AM

Merited by JayJuanGee (1)

I believe that people should learn about basic safety of storing and using Bitcoin before investing into it, but that the main risk of investment is the price volatility, not stolen coins. If you do everything right, your coins will be safe. They get stolen if you stored the coins on a centralized platform where the keys aren't yours, or if you're very negligent with your seed. And because you store the coins yourself, there's more responsibility for it (you can't ask an authority of some sort to freeze your account, restore your access to it or reverse a transaction), but that's the trade-off of financial freedom.
If your coins were stolen, the chance of getting them back is very low. But sometimes it can be possible if there's certain data available, and if people know what they're doing. I once helped a friend save BTC when a situation was quite dark (not out of deep knowledge, though, but merely out of luck and cold mindset when it was important). I also got lucky once with recovering 40% of my funds on a platform that performed an exit scam (I was very new to cryptos back then and didn't know about the 'not your keys, not your coins' thing), but it was also about luck, not expertise. I do know that there are some successful cases when authorities catch the criminals and seize funds, which victims can sometimes get in return. And I also know that sometimes, when there's some data available and some data lost, it's possible to get help from experts and recover the coins (not in the case they're stolen, though, but rather when you accidentally lock yourself out of access).

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July 28, 2022, 11:52:37 AM

Merited by JayJuanGee (1)

ha..
nice story..
.. but also nice try subtly adverting an email of possibly another scammer using a proton email who will scam a victim again by charging him a fee for pretending to recover funds
(yep its actually a thing. people pretending to help victims, but are scammers knowing a victim is probably gullible to fall for it due to them being a victim already)
(yep its a thing that scammers also try to pretend they are, or heard, or read about a victim just to advertise a scammers contact info to get victims to email scammers)
..
there is no backdoor to bitcoin to recover funds. no refund mechanism
THERE IS NO SECRET HACK/SCHEME where someone can recover funds via bitcoin

the only option is to know something about the scammer/thief to find them and bend their arm, threatened or have them arrested/sued and compelled to return the funds(thats if you can find them ofcourse)

bitcoin is secured by the fact that once funds are moved and CONFIRMED, they cannot move back unless the recipient and only the recipient instigates the move.

the security does however mean that people have to be more risk aware. much like carrying a suitcase of cash around.
if you do not know of a stranger asking to look at or handle the suitcase you have, even if they are smartly dressed in a company uniform you do recognise. just don't hand them the suitcase.

phishing is like con men. they might have a fake ID saying they are from company X. but just do some extra checks and due diligence before letting them near your funds

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both researched opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at

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July 28, 2022, 11:57:39 AM

Just remember that transaction using bitcoin is not reversible as other say so don't believe on anyone that they can help you out to recover your lost funds since its so hard to track those criminals especially if they are anonymous and hiding their identity.

Those guys who offer service like this are also scammer and they target distress victims of scam because they are prone to get scam again for wanting to get back what huge amount they lose.

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July 28, 2022, 12:23:10 PM

Unlike traditional money transfer systems, once you have pressed the "send" button there is no chance for you to revert back, which is one of the differences between bitcoin and traditional money transfer systems. With statements like this, I consider this a scam, you will lose another large amount of money to another scammer if you choose to use this service, you can even report it to the FBI, they can't help you get those bitcoins back let alone these fake experts.

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July 28, 2022, 01:39:44 PM

Merited by JayJuanGee (1)

#10

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What really impressed me about the post was the comment section, where readers shared their experiences utilizing bitcoin. One of the commenter named Paul Krebs described how he lost his bitcoin to a bogus blockchain.com imposter on Facebook, where they contacted him as blockchain official support. They gained access to his blockchain wallet, and 7.0938 BTC were taken. 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.

This post explains how cryptocurrency newbies like me, who are also interested in learning more about bitcoin and other cryptocurrencies can receive assistance from professionals who can aid in retrieving monies that have been taken from their wallets. And how to spot bogus blockchain official supporters when they are dressed as one. We have experts in the forum who can shed more light on this as well as how genuine those commenters were and determine if their testimonies were not fake. By contacting such experts, people won't be persuaded to fall victim to another scam.

You should understand something about bitcoin posts and cryptocurrency, those comments are just one of the ways you will end up being scammed again and again. Bitcoin loss cannot be reversed, you can't undo a transaction that has been confirmed on the bitcoin network, you may see rare cases where experts help to recover private keys from wallet.dat which require brute forcing but not an already spent bitcoin.

If look at that comment closely and understand how bitcoin work, you will know that the user who made the comment lied for a living, I see no reason why someone will take over your wallet and still leave the bitcoin on the wallet until some shitty expert helped him out. Those kinds of comments are easier to spot and very popular on social media, most of the time, on youtube channels. This is where a single person will comment on how MR A has helped him trade $200 to make $11k and the rest of the testimonial bots replies will follow the comment just to convince people to try out the fake service.

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Quote from: NeuroticFish on July 28, 2022, 10:58:27 AM

July 28, 2022, 02:01:21 PM

#11

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However, he claimed that the bitcoin was returned after he emailed a recovery expert with contact address

3. If, by chance, the thieve makes a mistake, he has to also send his funds to a centralized exchange (which may or may not happen, or, even if it happens, it may happen only after many years), and the exchange will move a finger only if a proper warrant will be shown to them, which is not easy to obtain.

So this kind of "experts" will most likely get some fat money deposits from you, may fill you with promises and .. will do nothing.

Do you mean the funds can only be traced if the thieves make a mistake of sending it to a centralized exchange?
Also, does this means if the funds is not sent to a centralized exchange but moved to another personal wallet it can never be traced as far as the funds remains in such wallet??

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July 28, 2022, 02:11:36 PM

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#12

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If someone has gained access to any crypto wallet (private keys) and made a transaction on CEX, it is theoretically possible to freeze those funds if the rightful owner reacts in time. But even if the hacker sent the stolen funds to his private wallet, and then at some point to CEX, the owner has a chance to get them back if he contacted as many CEXs as possible and sent them the coin address where his coins ended up.

Those hackers who know what they are doing will surely use coin mixers, decentralized crypto exchanges, or some other methods to cover their tracks. The story you read is completely fake created to promote scammers who supposedly save stolen Bitcoins with some kind of magic, when in reality they have no control whatsoever.

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July 28, 2022, 02:18:52 PM

Merited by JayJuanGee (1)

#13

Do you mean the funds can only be traced if the thieves make a mistake of sending it to a centralized exchange?

Tracing and deanonymizing are not the same thing. With some educated guesswork you can maybe trace coins across a few transactions, but it is very easy to get it completely wrong and still doesn't tell you anything about who is making those transactions. Deanonymizing a single address is different. This can be done if funds from that address move to a KYCed account on a centralized exchange or other service, if the wallet software being used is custodial, if the wallet software being used leaks information such as IP addresses, if the address is posted on social media or a forum, and so on.

Also, does this means if the funds is not sent to a centralized exchange but moved to another personal wallet it can never be traced as far as the funds remains in such wallet??

Coins being moved between personal wallets become increasingly difficult to accurately trace or to deanonymize, if the users in question know what they are doing. It also remains impossible for any "bitcoin recovery service" or similar to infiltrate such a wallet and recover any stolen coins. Anyone advertising such a service is almost certainly trying to scam you.

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July 28, 2022, 02:22:32 PM

#14

Tracing coins is possible, but identifying the perpetrator relies on the fact that the coins are sent to a centralized exchange or another online service, where the perpetrator has left at least some trace of his personal identity. It is even possible to use the IP address to identify the owner of the wallet, but this is not possible if the coins remain on a decentralized, non-custodial wallets.

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July 28, 2022, 02:28:19 PM

#15

The testimonial is very vague because the hacker will never send the hacked Bitcoin on a custodial wallet that will lead authorities to track him. Technically, there is no way to recover it virtually because the only way to do it is to crack down the hackers wallet address seed phrase which is not possible.

But there are many incident in the past that hackers got busted by sending the hacked Bitcoins on a centralized exchange. Anything centralized is what makes Bitcojn recoverable.

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July 28, 2022, 03:01:36 PM

#16

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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.

This is absolutely not true, this is one of the strategies used by scammers, if you send a message to the email or whatever means of contact they provided for you, you will definitely get a reply and if you follow the instructions they give you, you will end up being scammed the second time.

Bitcoin (and cryptocurrencies in general) transactions are not reversible, the testimonies in the comment section of how lost Bitcoins were returned or recovered are all fake, do not believe or fall for any of those, no matter how genuine it looks or sounds, it's a scam strategy.

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July 28, 2022, 03:02:38 PM

#17

IMO Bitcoin recovery services are fake. They are a bunch of scammers who prey on victims of crypto scams and extort them for more while promising them justice and their stolen bitcoins. You can't get your bitcoins back unless you have the private keys to the wallet holding the bitcoins, there is no possible hack or sophisticated tools that can be used to crack the wallet to return back your money.

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July 28, 2022, 03:06:42 PM

#18

Bitcoins are easy to track but recovery is much more complicated not even going back.
and it is quite possible to track the stolen bitcoins and that is done by monitoring the blockchain, in practice. This is complicated by the anonymous nature of the currency and the fact that thieves will most likely use a bitcoin exchange to exchange currency for normal money outright.
the healing possibilities might be slightly different as it would require different skill levels to complete, only experts could do this and there were very few people, as many people lost because these experts extorted people from them.

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dothebeats

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July 28, 2022, 03:33:51 PM

#19

Ahhh, just no. The email address handle looks like it was created by a teen that thinks he's some kind of an evil incarnate of a mad computer scientist. For newbies like you, always remember that once bitcoins were transferred to another address you don't control, there is no way in hell that you can get them back. Consider it lost and just move on with your life. If coins were transferred to an exchange and the hacker is dumb enough to leave trails which will eventually be tracked, you still can't recover your coins but you can direct the law enforcement to help you with your case.

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July 28, 2022, 03:40:46 PM

Merited by JayJuanGee (1)

#20