March 28, 2024

Cyber-Forensics.net

Cyber Forensic Specialist

Cyber Forensic Specialist

Bitcoin recovery scammers pose as legal fund recovery specialists to steal information. Cyber-Forensics.net shows how to spot fake fund recovery agents.

Although Bitcoin recovery scams did not make part of top scams in 2021, the impacts of this type of scam were overarching.”

— Timothy Benson

SOFIA, BULGARIA, February 21, 2022 /EINPresswire.com/ — Despite its volatile nature and absence of centralized authority, millions of investors continue to throng towards investing in Bitcoins and fall victim to sketchy fund recovery scams.

According to Broker Compliant Alert (BCA), between July 2021 and January 2022, more than 8,650 cases were reported from different parts of the world about losing money to fake Bitcoin fund recovery services.

The total amount of loss reported accounted for $145 million. This is over 18 times more than what was reported a year earlier.

A comprehensive report by Cyber-Forensics.net, a cyber forensic service dedicated to helping online scam victims recoup their lost funds, made further revelations. Chief analyst Timothy Benson at the same firm took a look back at the year and disclosed the top 10 scams that shook the world in 2021. He says-” Although Bitcoin recovery scams did not make part of top scams in 2021, the impacts of this type of scam were overarching.”

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