How To Recover Lost Or Stolen Cryptocurrency
Cryptocurrency is generally very secure but there is always a possibility that it will be lost or stolen, regardless of the security protections that you have in place. Losing cryptocurrency can leave you in a tough position if you’ve invested a lot, but there are ways that you can potentially recover it. Depending on how your cryptocurrency was stored and how it was lost or stolen, you might still be able to get it back, but there are no guarantees. These are some of the best ways to recover lost or stolen cryptocurrency.
Recovering From A Cold Wallet
There are a number of ways to store cryptocurrency and while a lot of people like to use online digital wallets, some people still use a cold wallet. A cold wallet simply means storing your cryptocurrency on a physical device that isn’t connected to the internet. This is more secure because there is no danger of cyber-attacks, but it does also mean that it’s easier to lose your cryptocurrency if the device is damaged or you accidentally delete files.
If you delete files without meaning to or they become corrupted somehow, you can use the normal methods for getting them back. There are some great file recovery apps out there (check out https://setapp.com/how-to/disk-drill-tutorial for a great tutorial), which you may be able to use to get the files back. If not, you can take it to a professional and they may be able to recover them for you.
When devices containing your cryptocurrency are damaged, things are a little harder. However, if you take it to a professional, they might still be able to recover the data on the hard drive.
Recovering From An Online Wallet
If your cryptocurrency is stored in an online wallet, it should be pretty safe. However, large crypto exchanges can still be hacked and your cryptocurrency may be stolen. Getting it back in this situation is difficult and it all depends on whether you know who took it or not. It’s important that you act quickly and start trying to trace your crypto immediately because the longer you leave it, the harder it will be.
If you get in touch with the exchange, they should be able to tell you where your coins have gone. Once you can work out who has them, you may be able to get a court order to reveal their identity, which means that you have some legal recourse to get them back.
You should also get in touch with Coinfirm because they have set up a crypto recovery scheme to help people that have been scammed. For a small fee, they will investigate the theft and hopefully find out who did it and recover all of your stolen crypto.
Many people assume that once crypto is gone, it’s gone. The good news is, that’s not the case and if you follow these steps, you may be able to recover it.