Cryptocurrency scams are multiplying as blockchain technology advances. This creates a need for services to counter these scammers. The Coin Return Group has been established for this purpose; to ensure that you can perform your crypto transactions without fear.
We conducted a review to find out the Coin Return Group’s next-generation method for recovering stolen cryptocurrency.
What Steps Does The Coin Return Group Take To Recover Stolen Cryptocurrency?
When you report the issue you’re experiencing, we look into your recent transactions to locate where the scam occurred. We then track the scammers and find them within the blockchain. We then make a formal dispute on your behalf to fight aggressively to recover your stolen cryptocurrency.
Afterward, we monitor the scammer 24/7 to prevent them from withdrawing funds from the blockchain. Then we seek weak points in the scammers’ chain to enable us to freeze their account and return your stolen funds legally.
How Soon Should Victims Make A Report To Guarantee Recovery Of Their Stolen Crypto?
Victims should ensure that they report incidents of stolen crypto as soon as it occurs. The sooner you report, the higher the chance of your crypto getting safely returned.
This ensures that the offenders cannot transfer or withdraw the crypto from the blockchain. This is where Coin Return Group specializes: blockchain security services.
How Long Does It Take To Recover Stolen Crypto?
The time it takes to recover your stolen crypto varies between cases. It could take weeks to months, but you can rest assured that you will safely recover your crypto.
What Steps Can Investors Take to Secure Their Cryptocurrency?
The first step to keeping your crypto safe is using a strong password. Your password should never be easily related to you and guessed, such as your name, spouse’s or children’s names, pet names, etc.
It would be best if you also changed your password periodically. If you have an issue with creating a difficult password and changing it from time to time, then you can use a secure Password Manager. So, you only need to remember the password to your Password Manager.
Securing your crypto requires two or more steps to verify your identity. This makes it more difficult for scammers to access your account or wallet even if your password gets compromised. Another way to ensure your crypto is safe is by using 2-Factor or Multi-Factor Authentication.
Lastly, you can make use of hardware wallets. These are offline wallets that help to protect your crypto. Since they are not connected to the Internet, they cannot be hacked.
What Are Some Of The Common Crypto Scams To Avoid?
One of the most common cryptocurrency scams to watch out for is the investment scam. It is similar to Ponzi schemes and multi-marketing scams. The sign to know about these scams is that they usually offer big profits for little investments.
Another popular scam is the Site Impersonation scam. This scam involves scammers impersonating a crypto website or app to fool unsuspecting investors into inputting their details or performing transactions. Once your details are imputed or you complete a transaction using the site, your funds are stolen.
The site URLs are usually incorrect but similar, so you can crosscheck the spelling in the URL before performing a transaction. You can also directly input the URL for the site you wish to visit. Also, ensure you download only verified apps from verified stores.