Recovery Scam Trap — Second Fraud Wave

After losing money, victims are targeted by fake recovery firms demanding upfront fees.

Last updated: 2026-07-02

How recovery scams work

Fraudsters monitor victim forums or buy lead lists. They pose as lawyers, hackers, or blockchain tracers who can recover funds for a fee.

They may show fake government letters or claim partnership with the FBI. Any upfront crypto payment is the scam.

Frequently asked questions

Can anyone guarantee crypto recovery?: No. Blockchain transactions are usually irreversible. Only law enforcement actions in major cases recover funds.