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  Wednesday, July 22, 2020 at 5:35:26 AM
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Joined: 8/25/2020
Reply  how to track and recover stolen bitcoin Flag »  Reply »

Why is it sodifficult to track and recover stolen Bitcoins?

I have to admit that I don't fully understand the Bitcoinprotocol. But from what I understand, transactions are traceable - it's themain reason decentralization works - the world can observe and confirm that atransaction is legitimate.

Why then can we not observe when a thief tries to collect orexchange a Bitcoin that we know has been stolen?

As Robert Wagner writes:

1 in 14 Bitcoins has now stolen property, and there are manylaws governing the stolen property.

What am I missing here? With so many Bitcoins identified as"stolen", why can't they be traced, recovered, and returned to theirrightful owner?

how to track and recover stolenbitcoin

Is it possible to track and recover stolen bitcoin? Victimsof scammers could turn to ReclaimCrypto, a service provided by experts from thelegal and cybersecurity fields, which promises to bring back BTC, ETH and othercryptocurrencies into the hands of their owner, while making the scammers pay...


What do they do torecover stolen Bitcoin?

By its exposed credentials, Reclaim Crypto could apparentlymuster the technical and legal capabilities to recover stolen Bitcoin.

The process depends on the type of fraud but usuallyincludes searching for evidence of misappropriated funds, contacting othervictims, filing a class-action lawsuit, as well as opening investigations ofall kinds with the use of technologies aimed at tracking and asset recovery.


Its cost varies depending on the value of the stolencryptocurrencies, their location and the jurisdictions involved, degree ofcooperation from other relevant parties, among other factors.


Confirm performs advanced analysis of transaction history,using large-scale intelligent data analysis.

According to the company, it has developed "the world'smost extensive structured database of blockchain transactions and off-chaindata."

Kroll, for his part, is dedicated to issuing court orders,for example for an ISP provider to display details about an IP address, as wellas using former FBI and CIA agents to explore the deep web in search ofactivities associated with funds. stolen.

According to the company told CoinDesk, Kroll hascollaborated in locating thieves in Europe who stole bitcoins for $ 27.8million.

  Tuesday, August 25, 2020 at 1:41:57 PM

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