Fund Recovery: Cryptocurrency

What is Crypto Fund Recovery?

Crypto fund recovery companies are the only ones who have been professionally trained and equipped to deal with digital threats. They use all the most advanced technologies and methods to identify these online financial crimes.

Types of Crypto Fund Recovery

It’s important to know that not all cases of crypto fund recovery are crypto-related. Rather, the companies are able to help victims recover funds after being swindled by fraudsters.

You can find a myriad of types of crypto fund recovery. However, the most common one is the recovery of funds through a fraudulent cryptocurrency exchange platform.

Fraudulent Exchanges

The exchange platform is the centre point of most cryptocurrency scams.

How Can You Protect Yourself?

In order to prevent having your accounts stolen, it’s crucial to know how to recognize and react to any suspicious activity on your account. The moment your cryptocurrency wallet is hacked, the most common route is to use an e-wallet. Without any confirmation, an entity that obtains your wallet will take your funds out of it. In order to avoid such situations, you have to ensure that you have at least three ways to protect your funds. And here are just some of the best options that you can use for this:

Secure passwords

Use strong and unique passwords for your various accounts.

How Much Does It Cost to Recover Your Funds?

If you’ve lost a large sum of money, it’s likely that you will be asked to pay a high price for their services.

“The price of fund recovery is based on several factors,” says Walter Bellomy, Managing Director at Trust Recovery LLC. “How fast you recovered the money? How much was stolen from you? How much was returned to you? Whether you recovered all the money or the owner is not willing to help at all? How much you’re prepared to spend?”

What are Some of the Initial Steps to Take?

Once a victim files a lawsuit against the online scammer, they will be asked to pay the first installment to the filing fee for their case.

“From there, a few steps will be required to find out who your perpetrator is,” Bellomy tells us.

The Control of the Situation

If you’re a victim of a data breach and you don’t know how to proceed, the first thing you should do is reach out to the credit reporting agencies. You can use the link at the bottom of this page to contact each of the agencies.

There are different types of credit reporting companies out there, some of which specialize in these types of situations. If you choose to file a claim, be aware that it will most likely take a couple of months for them to start working on your case, so expect delays. It might also take a couple of weeks for them to contact your credit bureau about the breach.

Step 3: Find and Download a FREE Recovery Company App

For the sake of your wallet, you should begin to monitor your credit reports regularly. Make sure you’ve checked your reports at least once a year.


Crypto space is still young, so there are certain risks involved. However, the growth of this asset class as well as the range of benefits it can offer is undeniable. The future of cryptocurrency could be brighter than we thought and the best way to ensure your wealth doesn’t go down the drain is by using an accredited custodian and making sure you keep up with the latest updates on blockchain technology.

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