When you’ve lost money to cryptocurrency scammers – whether through investment, romance or mining scams – lots of strong emotions come up. You may be feeling furious, ashamed, humiliated or despondent. How could this have happened to you? Desperate to recover your losses, you turn to any source that promises to help you get your money back. But as you trawl social media for advice or ask questions in forums like Quora or Reddit, beware! There are people out there who want to profit from your misery and rip you off a second time. Calling themselves “crypto hackers” or “crypto hunters”, these recovery scammers pretend to have an easy answer to all your ills. However, all they’re after is more of your hard-earned cash, so keep a cool head and avoid them like the plague. So are crypto hackers legit? Hell, no – stay away from them and use professional cyber investigators instead!
What are crypto hackers?
“Crypto hackers” or “crypto hunters” typically present themselves in online forums as vigilante tech experts and guns for hire. In doing so, they (or fake “clients” of theirs) claim to be able to solve all of your problems. Whether conducting illicit phone surveillance, “correcting” criminal records or “recovering” crypto, “crypto hackers” can do all that with “guaranteed results”. Needless to say, it’s all complete baloney. Fake “crypto hackers” and “crypto hunters” exist simply to con scam victims a second time. By exploiting the fascination with mysterious hackers in popular culture, “crypto hackers” make it seem like they’re on your side. However, that’s not the case at all. What they are really doing is exploiting your trust and setting you up for a second rip-off. Knowing that you already fell victim to a scam once, they think you’re ripe for another con. Are crypto hackers legit? Definitely not – don’t trust them!
Wait, didn’t I hear about crypto hacking in the news?
Crypto hacking is definitely real, but crypto hackers are not the good guys! Basically a synonym for cryptocurrency theft, the term simply refers to thieves stealing other people’s cryptocurrencies. Importantly, they do this by targeting exchanges, using phishing scams and creating fake decentralised finance (DeFi) apps. While the first large crypto hack stole $450 million from Japanese exchange Mt Gox in 2014, it’s gotten even worse. Indeed, it looks like no-one’s safe, not even quiet, non-assuming celebrities. Worryingly, according to Chainalysis, 2022 was the biggest-ever year for crypto hacking, with almost $4 billion stolen. And who was responsible for most of these hacks, to the tune of $1.7 billion? Crypto hackers from North Korea’s Lazarus group who are stealing crypto to circumvent international sanctions and build more nuclear weapons. In case you’re still wondering “are crypto hackers legit”: unless you admire baddies, the answer is a resounding no.
So crypto hackers can’t recover my stolen crypto?
In a word: no. Whatever these “crypto hackers” or “crypto hunters” tell you, it won’t stack up. Perhaps they’re saying that they can “hack the blockchain” and “reverse crypto transactions”? Unfortunately (or fortunately, more likely), the blockchain itself – an immutable public ledger – cannot be hacked. While scammers can target security weaknesses in exchanges and trick individual wallet-holder into parting with their funds, they cannot reverse or in any way alter transactions that are already on the blockchain. In short, there is no ”reverse” button. Anyone telling you otherwise or promising you guaranteed returns for an upfront fee is lying to you. Are “crypto hackers” you are chatting with on anonymous/encrypted channels telling you to “buy software” to “get the access key”? Sadly, it’s just another ruse to defraud you of even more money. Don’t give in. Are crypto hackers legit? No – don’t trust anonymous people on the internet.
Does that mean there’s no way to recover my stolen crypto?
Not so fast. While the internet is awash with recovery scammers who want to defraud you a second time, not everyone is evil. In fact, serious, professionally accredited cyber investigation firms like Cybertrace are working hard to prevent fraud and unmask offenders. Rather than anonymous guys on the internet, go with a licensed team of experts, led by well-regarded CEO Dan Halpin. When you contact Cybertrace, we’ll provide you with an honest assessment of your case, clearly outlining the complexities involved. It’s definitely possible to trace cryptocurrencies through the blockchain, using sophisticated software and years of investigative expertise. Once we have identified who holds your stolen crypto, we can work with the exchange, lawyers and police to move to the recovery stage. While there are no guarantees of success, it’s certainly possible to recover stolen crypto. If you ask the professionals “are crypto hackers legit?”, listen to their answer – no!
How can Cybertrace help me?
As Australia’s first provider of cryptocurrency tracing products to the public, Cybertrace have been pioneers in developing crypto expertise. Since criminals are constantly exploring new avenues to defraud, constantly innovating and remaining at the forefront of knowledge are vital. As a result of our continuous excellence, we have successfully traced stolen crypto over 95% of the time. Coupled with our trademark honesty, transparency and professionalism, it is no wonder that our clients are delighted with our work. Talk to us today to discuss your case and receive an obligation-free quote. If friends or family ask you “are crypto hackers legit?”, you’ll know what to say now. Stay away from crypto hunters, hackers and recovery scammers and go with the experts at Cybertrace instead!
