Crypto Tracing

Bitcoin, which is currently among the most extensive types of cryptocurrency, was introduced in 2009. The value of BitCoin fluctuates as the years go by, growing and declining, but in 2022 it is worth more than it was in 2021.


People might anticipate Bitcoin’s values to start declining in the upcoming years, given how long it has been in existence, but as of right now, Bitcoin has done nothing but thrive as one of the leading cryptocurrencies.

One Bitcoin will be valued at 19,409.10 USD in 2022, and because of its high value, many individuals become scammers who steal other people’s work that they’ve been working on for a while.

Crypto Tracing:

Here Are Some Typical Schemes Used by Con Artists To take Your Bitcoins:

1. “Investment Managers” Requesting Investments in Bitcoin

This kind of scam is pretty standard. In this type of fraud, the con artists conceal themselves as “investment managers.” They behave as though you are one of their primary sources of dependence. Even though it has nothing to do with them, they provide you with the name of a legitimate company.

Then they get you to invest in their company by making a false promise: “50% of revenues will be paid into your online wallet.” These are frequently blatant swindles since a well-known company will not agree to give you 50% of their revenues because they generate large profits. These scams are proceeded with to attract their victim’s attention.


Once they have captured their victim, they proceed forward, provide their victim a bank account deposit number, and urge you to invest via there. Though that is suspicious, you’d be amazed to realize how many individuals wind up investing due to the scammer’s falsehoods.

The fraudster changes their identity as soon as the money is transferred and deletes the victim from all social media platforms so the victim cannot find them.

2. Indulging in Romance and Risking Your Cryptocurrency:

In current times, people have chosen a mindset that states that the best way to impress someone you find attractive is to demonstrate your level of Bitcoin or other cryptocurrency investment. In actuality, though, this tactic frequently has the opposite impact on the individual attempting to impress.

Now, when it comes to dating scams, these scams may occasionally hurt the most because of the emotional distress the victim has both throughout the relationship and after the con artist vanishes.

Scammers Lure Victims:

Scammers lure victims with false pictures; over time, they win the victim’s faith in their minds and hearts.

They ask the victim to transfer some cryptocurrency—in this case, Bitcoin—into their online wallet once they understand they have the victim by the short hairs.

If they cannot do so because the victim won’t let it, they might ask the victim to use cryptocurrency to purchase something valuable (Bitcoin uah.) Once the victim has received the goods or straight cryptocurrency, the con artist will vanish.

Sometimes These Romantic Frauds Are Also Known As “Pig Slaughtering Frauds.”

Be wary of these two frauds when interacting with others about cryptocurrencies. People will have to deal with Bitcoin tracking companies, which are sometimes quite expensive if they do not keep an eye out for such frauds. It might be risky because Bitcoin tracking businesses occasionally do not promise the return of your Bit Coins in the first place.

Crypto Tracing Agency:

Though Crypto Tracing may seem easy at once, it is not so. Crypto Tracing requires the agencies to crack into the blockchains and attain information from there, but that is not possible by just ‘any’ Crypto Tracing agency as it needs highly skilled experts who have complete knowledge about what they are doing. Such employment eats up quite a lot of budget, and once the business’s profit margin is added, the prices increase tenfold.

Crypto Tracing Agencies:

We do not recommend you go for Crypto Tracing agencies. If you’ve lost a Bitcoin rejoin, try contacting the security to freeze your digital wallet, or live with the fact that you have lost some Bitcoins. Going out of your way to reach out to Crypto Tracing agencies, knowing how expensive it is just sailing on a boat when you see that it is full of holes.

How To Prevent Being Scammed For Your BitCoins:

1. Research Your Topic:

Although it might be challenging to disregard advice from internet stars and billionaires, you should always conduct your research before making any financial decisions. Start by reading PCMag’s guide on handling and purchasing Bitcoin rejoin. Never believe anything you read online at face value. An investment is a fraud if it seems too fantastic to be true.


No matter how tempting it may seem when it comes to offers such as “40% of our profits will be shared with you,” do not trust them. Businesses have a lot of uses for their profit, re-investment into the company, future financial gather, and paying off other shareholders. They won’t give you 40% of their earnings because even 40% is a very high price as a reward than the investment you’ll be making.

No actual business will do so, so do not fall for these scams and do your research when heading into finance and investing.

2. Do Not Trust Anyone on The Internet:

Treat anyone who contacts you directly to ask for payments in cryptocurrency or offers you an investment opportunity regarding crypto with extreme caution. Don’t trust emails even if they appear to be from government officials, public figures—anyone who asks you to pay for anything using cryptocurrency.

In present times, you’re better off assuming that the internet is a weapon of mass destruction. Do not trust it, do not indulge too much in it, and don’t click links you don’t have enough information about.

3. Secure Your Cryptocurrency Wallet:

You’ve probably heard tales of folks who misplaced control of their digital wallets and ended up losing at least a few Bitcoins. If you possess cryptocurrency, keep your private key and seed phrase to yourself. As an alternative, we advise keeping that data offline.

It may seem trivial to secure your digital data because of blockchain and because most people lose their Bitcoin by being scammed, not hacked. However, in an instance that you might be hacked or you might accidentally leak out your digital wallet’s information, make sure no matter what, you secure your digital wallet to eradicate any and every chance of your being scammed or losing your cryptocurrency Bitcoin.

4. Use Multi-Factor Authentication:

Using multi-factor authentication on your cryptocurrency wallet, try to keep the wrong people out. As we discovered during the Coin base incident, it’s not a foolproof solution, but it provides you a chance to compete against many hackers.

If You Are Unaware of What Multi-Factor Authentication is:

Let Us Explain:

To access a resource like an application, an online account, or a VPN, the user must provide two or more verification factors, known as multi-factor authentication (MFA). Robust identity and access management (IAM) policy must include MFA as a fundamental element. MFA demands one or more verification elements in addition to a login and password, which lessens the possibility of a successful cyber-attack.

Multi-Factor Authentication:

Multi-factor authentication will make it harder for a hacker to break into your account. Even if you mistakenly leak some information about your account to a scammer, they still won’t be able to get in as it would need other passwords, too, that they would not have.

5. Check The URL:

Pay attention to the URLs of the cryptocurrency-related websites you visit. Many phishing fraudsters use the URL of trustworthy websites as a template and change the letters or digits. To confirm that the website is safe, look for the little lock icon next to the URL.

Don’t forget to activate your antivirus program. The top antivirus software we’ve evaluated blocks harmful URLs and watches out for phishing schemes on your behalf.

Gaming or Crypto Accounts:

Many may have heard stories about people’s gaming or crypto accounts being stolen after clicking on a random link they did not know about. This is true; such scammers use naïve people and send them links through email and chats in other apps. Once the victim clicks on the link, their account is all visible to the eyes of the scammer. Always check the URL and look for the tiny lock icon. It’ll help you ensure if the URL is safe or not. It is always better to be safe than sorry.

6. Reject ‘Fee Offers’:

You can come across cryptocurrency offerings that need a deposit. They should be ignored, but you should avoid “deals” that need payment in cryptocurrency. Scams abound among the investment options in the world of cryptocurrencies. Check the company’s website to see how they safeguard their clients and look for reviews from other investors before making any investments.

Scammed From Your Bitcoins:

These are some ways that you can prevent being scammed from your Bitcoins. As modernization looms, people become naïve about the contents on the internet. 

We do not recommend Crypto Tracing agencies as they hog up a hefty amount of your time, and often, you would feel like you have been conned out of your money because these bitcoin agencies do not guarantee the return of your bitcoins. You are left with no choice but to ponder upon your mistakes.

By Jack

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