How to return cryptocurrency stolen by hackers or scammers?

As before, the security problem in the world of digital assets is quite acute. Despite the high level of technological protection of cryptocurrency, it is an attractive target for hackers and fraudsters. The statistics are disappointing: in 2024, criminals stole crypto assets worth more than $ 3 billion. In this article, we will consider a relevant topic: how to return cryptocurrency stolen by hackers or fraudsters. First, let's note that with a quick response, there are great chances of returning the funds. The lawyers of our law firm "Prіkhodko & Partners" will initiate the opening of a criminal case, will make efforts to block funds on exchanges and crypto exchanges. Let's consider this issue in more detail.

The most common cyber fraud schemes

Among the most popular schemes used by hackers and scammers to steal cryptocurrency:

• Phishing attacks.

Today, this is one of the most popular schemes. It is based on fake wallets and websites. In order to carry out fraudulent actions, copies of such well-known platforms as Trust Wallet, Binance, MetaMask, etc. are created. Potential “victims” are hooked through advertising or fake technical support.

How does this scheme work in practice? Users receive emails supposedly from a real service. The emails may contain requests to confirm the relevance of using the account to protect it from blocking. Such emails must contain a link to a duplicate site. Attackers make every effort to ensure that the appearance and name of the site are identical to the real one. The scheme is clear: after the user enters the data, they end up with the scammers. The information obtained is then used to withdraw funds from real services.

• Creating fake wallets or exchanges.

The model resembles the previous one, however, the main focus is on new customers. Fraudsters offer to register on the Internet site and replenish the account. Fraudsters can offer potential “victims” bonuses, advantageous offers, etc. The main source of income for attackers is funds that will be transferred independently by the new “client”.

• Signing contracts (smart contracts).

The user connects his wallet to an NFT drop or DeFi platform without additional verification of the terms of the contract. For fraudsters, this is an opportunity to freely write off funds.

• Malicious software.

Fraudsters often install viruses on equipment (PCs, smartphones, etc.), that is, malicious software. Viruses are able to change the copied wallet addresses in the clipboard. Such substitutions are often not noticeable to users, and therefore fraudsters receive funds.

In any case, the return of crypto is real.

What are the ways to return cryptocurrency?

Today, innovative methods are being developed all over the world that will allow you to return funds stolen by hackers or fraudsters. However, this technology is not widely available in Ukraine.

That is why we recommend that you pay attention to an effective algorithm of actions:

• Effortlessness.

If hackers have stolen cryptocurrency from you, the main thing is to act quickly. Lawyers "Prіkhodko & Partners" recommend promptly notifying all platforms involved about the fraud (for example, the support service).

• Providing comprehensive information to law enforcement officers.

It is not superfluous to contact cybercrime specialists.

• Obtaining qualified legal support.

Lawyers "Prіkhodko & Partners" specialize in cybercrime. Our specialists will not only initiate criminal proceedings, but will also conduct their own investigation to return digital assets.

It is important to collect evidence of all your transactions. This could include, for example, correspondence with exchanges, wallet addresses, transaction identifiers.

Important: interaction with exchanges is crucial for the return of stolen crypto. For example, some crypto exchanges (Binance, etc.) can freeze stolen cryptocurrency. With prompt involvement and transparent communication, there is a high chance of returning lost assets.

Our lawyers have experience working with companies that specialize in tracking cryptocurrency transfers, identifying the whereabouts of fraudsters, and recovering virtual assets.

Therefore, despite serious steps in the field of cryptocurrency security, owners of digital assets should exercise special caution. If you have become a victim of hackers or fraudsters, contact the lawyers of our law firm "Prіkhodko & Partners".

Do you have any more questions? We are waiting for a preliminary consultation in a format convenient for you (offline or online)! To calculate the cost of a lawyer's services on cryptocurrency return, fill out the form below.