How to track stolen cryptocurrency (2022)

Published in

Coinmonks

2 min readJan 18, 2022

Tracking and recovering stolen cryptocurrency can be a very daunting task if you do not know the cryptohunters to contact as soon as this tragic event happens. This article gives a better insight into this

Photo by André François McKenzie on Unsplash

As bitcoin tops the $42,251 mark, according to digital-currency website CoinDesk, finance experts are weighing in on whether or not to invest in the cryptocurrency.

While some are calling it a total scam, others are advising that now’s the time to buy.

Regardless of which side you fall on, one thing is for sure: It would be unfortunate to misplace your bitcoin these days. Some unlucky people, however, have done just that.

And they’re not alone. In fact, around 3.7 million bitcoins have been lost since the cryptocurrency was created in 2009, according to Newsweek. That’s almost $60 billion today.

CONCLUSION

Decentralized finance is a fast-growing space within the crypto industry that aims to reproduce traditional financial products like loans and trading without the involvement of any middlemen.

While it has attracted billions of dollars in investment, the DeFi space has also given rise to new hacks and scams.

Have you been a victim of cryptocurrency scam? If yes kindly leave a comment telling us your own experience..

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How to track stolen cryptocurrency (2022)

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Written by Justine Turner