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    Author Topic: Can Stolen Bitcoin Be Recovered  (Read 657 times)
    Alisha-k
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    July 30, 2022, 06:52:34 PM
    Merited by fillippone (1)
     #41

    Retrieving the lost coin is actually possible but it is a process that will take a long time. One will ask how and i will explain with the following steps:
    • Bitcoin is a public ledger so the movement of the coin was appended on the blockchain
    • The coin will not remain in the hackers account for too long he will definitely move it to another address over time which will be appended as well
    • Some day the coin will be moved to an exchange where it will be traded for fiat
    • Even if this doesn't happen the coin will be sent to some one who will want to trade for fiat and that way the link will extend
    In as much as bitcoin is pseudonymous it doesn't stop it from been traced it only takes a while and time because every transaction done on the blockchain is timestamped

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