Post
Topic
Board Nigeria (Naija)
Re: Recovery cryptocurrency
by
Btcdeybodi
on 15/07/2025, 19:16:10 UTC
If you send coin to a wrong address or a scammer, first research if the address belongs to an exchange or not. If it is not sent to an exchange, to recover it is difficult.

If someone scammed you like $1000, that is very small for legit recovery services. They prefer to trace huge amount of money like $50000 or even more. You will need to contact one of the Chainanalytic companies for this.

Am really ready to know how this works because if funds are sent to an exchange address can be recovered if it involves a huge amount, it then means that it can also serve as another scam method buy a scammer because let's consider a scenario whereby you did a transaction that involves a huge amount with someone who you don't know online, for example those that sell stuffs in the collectible section of the forum and it happens that the order have been delivered to the buyer and he has already made payments for it, if he is a scammer he can eventually send reports to a Chainanalytic company that he sent the coin to a wrong address, so in this situation what will happen? I really want to know how this recovery process works so that if doing online transactions will only be safer when using a non-custodial wallet address let me know.