How can you get your money back from bitcoin scams? What’s a reliable form of fund recovery? First, it’s important to understand what people really mean when they talk about bitcoin chargeback and crypto recovery.
A bitcoin chargeback, as discussed above, doesn’t exactly reflect what goes on with crypto recovery. However, the term is frequently used and should be addressed.
The reason bitcoin chargeback became an expression is that people associate it with other forms of fund recovery, such as credit card chargebacks. If you’ve ever noticed unauthorized charges on your credit card and managed to prove that you didn’t make them, the issuing bank will reverse the charges. This seems simple enough and it usually is.
Fund recovery on the blockchain is more complex than credit card chargebacks. Not only does the blockchain keep every transaction as a permanent record, but it’s also hard to know who exactly is making the transactions. This is a double whammy that can make crypto recovery elusive to all but seasoned professionals such as JFD FORENSICS LLC.
When we talk about bitcoin chargebacks, we don’t mean the transactions are reversed, as with a credit card. Any refunds from bitcoin charges must be done through a separate transaction. So although it isn’t a chargeback in the strict sense of the term, crypto recovery is possible through a detailed procedure using bitcoin forensics and advanced technology.
The process of bitcoin chargeback begins with the client providing information to JFD FORENSICS LLC. This goes beyond names and dates but should include documentation, including transaction confirmations and records, copies of the bitcoin scam website, and any communications you may have had with the people who ran the crypto scam, including WhatsApp messages and emails.
Once you have all of the information gathered, present it to JFD FORENSICS LLC. professionals. We use this data as a starting point for our crypto investigations. During the consultation, we try to get a better understanding of what occurred and how best to approach the bitcoin chargeback process.
After we have gathered the information and consulted with our clients, we launch a thorough investigation into our clients’ dealings with the crypto scam. This begins with the first transaction from the client’s bitcoin wallet, traces the path of transactions through intermediate wallets, and ends with the exchange where the money was cashed out
Once we have completed the investigation, we create a crypto investigation report that maps out the whole process and the series of transactions. Our clients then present these reports to law enforcement and with the information, can encourage the authorities to get started with fund recovery.