Of course, crypto was said to be one of the most secure means of storing your assets because of its blockchain technology. However, recently, there have been cases of hackers stealing crypto assets.
These occurrences have left some wondering how a secure technology could be accessed and crypto stolen.
Those who have fallen victim are counting their losses. Luckily, some of these victims have recovered their stolen crypto through the help of Coin Return Group.
In this review, Coin Return Group, a crypto asset tracing and recovering firm, shares a five-star experience recovering stolen crypto.
Reporting theft late: From our experience, the longer you wait before notifying Coin Return Group, the harder it becomes to trace and recover your crypto. Time allows hackers to transfer your asset across multiple channels.
Sometimes, they share the money through tumblers or cold storage, which are extremely difficult to trace or recover. The best chances of recovering crypto are tied to how fast you act.
Identifying the hacker or thief: This sounds like a big deal, but you can do it. When you notice your crypto assets are stolen, it’s difficult not to panic. But then, this will also throw you off balance. Instead, you can attempt to identify the thief.
It’s good that crypto transactions are public and can be traced. This way, you can trace the wallet address to which your assets have been sent.
With adequate legal support, you can compel the exchanger who holds the information of the address to your crypto wallet was sent to reveal the identity.
This takes time, but it assures you that you are ending a series of crypto thievery by identifying and prosecuting. This also helps us to quickly get along with the recovery and know where to search.
Carelessness with information online: It’s the era of social media, and one thing we have discovered is that people need to see the red flag when asked for their details. You must be able to draw the line as a precautionary measure.
Also, don’t use obvious things or names for your password. They make the job easy for the hacker. If your crypto wallet gets compromised, we would, however, demand information about your access code so we can help you recover it.
You can always trust us to do the needful and grant you access to your crypto account.
Storing assets in exchange platforms
Most cryptocurrency exchange sites, where many investors hold their assets, are unreliable. We’ve seen that most victims must carefully research these sites’ legitimacy and security. Thankfully, Coin Return Group can help not only crypto scam victims but also NFT scam victims recover their stolen assets.
Keeping your cryptocurrency assets in cold storage or an offline hardware wallet is one strategy to reduce this danger. In addition, you can use a hot wallet, which is an online digital storage option.
However, as much as hot wallets could be easier to use, they have a higher risk of being stolen than cold wallets.