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Recovering lost cryptocurrency from a cold wallet How to recover your stolen or lost crypto From there, you can get a court order to reveal the thief’s identity and recover your stolen cryptocurrencies. If they go through an exchange, you’ll most likely be able to find out who the wallet holder is thanks to the KYC process. Thankfully, one of the many benefits of cryptocurrency is that you can see where the coins have gone. According to Marc Jones, a partner at Stewarts Law in the United Kingdom, “In general, to enforce an order requiring fraudsters to pay damages or handover stolen property, ultimately you’ll need to know who they are.” While you may be able to freeze funds against a John Doe, it’ll be challenging. Legalityįor the legal system to actually work in your favor, you’ll likely need to know who stole your cryptocurrency. Unfortunately, not all exchanges will comply so you may need to get a lawyer involved to throw their weight around and convince a court to order an issue for them to be frozen. If the funds are in an exchange, you’ll need to contact them and ask them to freeze your assets. “The more sophisticated you are, and the less sophisticated the thieves are at laundering the assets, the better chance you have,” Sauter continued.

The longer you wait to start tracing your crypto, the more time you give thieves to transfer your assets to cold storage, send them to sketchy exchanges, or to tumblers to mix them up. Kolarov Monte, a partner at digital triangulation and Asset recovery Firm and an expert in crypto theft cases, told Decrypt, “The quicker you can act, the better,”. We’ll be looking at the top ways to recover your lost or stolen cryptocurrencies, and how to avoid going through something so traumatic in the first place! How to recover your stolen or lost crypto Act as quickly as possible Thankfully, there are ways to get your cryptocurrency back.

Even top traders have had crypto assets lost or stolen and, until quite recently, it seemed like there was very little one could actually do about it. Cryptocurrency is generally deemed as pretty secure, but sometimes things do happen. How to recover your stolen or lost crypto in this tech age is a very long and complicated task.