18 April 2022 5:50

How can I get my money back through online scammers through Bitcoin

How do I recover my money from a scammer through Bitcoin?

Contact the bitcoin platform:

The first thing you need to do is contacting the trading platform where you lost your money. Not that you will get your funds back for sure, but there is still hope, and you can warn them that you will report to relevant financial authorities.

Can you get Bitcoin back after being scammed?

Police say there are many cases of cryptocurrency scams, but they caution it’s extremely rare to get your funds back. Still if you’re scammed you should report it to police in case something can be done to recover your money.

Can you recover money from Bitcoin?

Bitcoins may be recoverable

Once someone has your bitcoins, they own them for keeps.

How do I get my money back if I got scammed online?

Ask them to reverse the transaction and give you your money back. Did a scammer make an unauthorized transfer from your bank account? Contact your bank and tell them it was an unauthorized debit or withdrawal. Ask them to reverse the transaction and give you your money back.

What happens if I get scammed?

If you’ve been scammed, consider reporting the fraud to the police to see if they can take any action, as well as to your state consumer protection office. You can also report scams to the FTC. File a report online with the FTC, or by phone at (877) 382-4357.

Can police trace Bitcoin?

Although it is reported that most bitcoin transactions (98.9%) are not associated to criminal activity, the birth of cryptocurrency has provided individuals with new mediums to facilitate criminal activity. As a digital currency, there is no way to track or identify who is sending or receiving Bitcoin.

What to do if scammed on bitcoin?

You should report fraud and other suspicious activity involving cryptocurrency to the following bureaus using these links:

  1. The FTC: ReportFraud.ftc.gov.
  2. The Commodity Futures Trading Commission (CFTC) at CFTC.gov/complaint.
  3. The U.S. Securities and Exchange Commission (SEC) at sec.gov/tcr.