Unfortunately, so many people lose their cryptos. Even more sadly, the chances of having them reverted back are as close to zero as zero itself. But, the hope is increasing. This means that the currency you want can be your if, again, if you follow the right procedural way to obtain them once again. If you are lucky enough you will get them back.
If nothing historically, people have been able to get other coins in return for their own by involving people in negligence suits against operators are certainly a possibility in thefts from exchanges, and the law also provides that the victims of such thefts may ‘follow the money trail’ in civil court.
The court involvement can also expedite or enforce the sale of assets identified along the money trail, to pay for victim compensation.
If your crypto has been stolen by a close member or family or friends, well, it is up to you if you want justice to be served or the culprit to be freed. Positive identifications can be done in a couple of different ways. Investigators are typically tasked with linking a digital wallet address that has been suspected of engaging in suspicious activity to an IP or MAC number.
Creative and veteran hackers will make this more difficult by utilizing multiple IP addresses and proxies, but investigators have been able to bypass this by simply using analysis on Bitcoin wallet addresses and cross-checking social media platforms to verify an identity. This will be limited as time goes and each loophole in the system shrinks. This has been used over and over again in investigations to retrieve lost money.
The company behind Tether said a “malicious” attacker stole $31 million worth of the cryptocurrency and sent them to an unauthorized Bitcoin address.
Also once the dirty stolen money reaches the hackers account he or she will take it to a money launderer or a tumbler, this is another point where the specialists can recover your money.
In May this year, several agencies including the FBI invested hundreds of thousands of dollars to team up with digital currency analysis company Chainalysis to help track wallet addresses of suspicious transactions made on the blockchain.
Chainalysis uses specialized software to crack complicated algorithms created by tumblers and mixers, which are often deployed by cyber-criminals to cover their tracks. This is one of the best criminal-agents duo. This has helped in the tracking of the stolen currency in the cases of Mt. Gox and Bitfinex.
