Forex Bitcoin Forum

Bitcoin Forex Forum

  • Forex Games
  • Forum
  • Dear friends! All bonus programs on the forum are temporarily suspended.       If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.      
      Dear friends! All bonus programs on the forum are temporarily suspended.       If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below.      
    Page 1 of 2 1 2 LastLast
    Results 1 to 10 of 11

    Thread: What happens if my wallet gets “hacked” and my BTC is stolen?

    1. #11 Collapse post
      Sendo12 is offline
      Senior Member Sendo12's Avatar
      Join Date
      Sep 2018
      Posts
      906
      Thanks
      43
      Thanked 81 Times in 81 Posts
      SubscribeSubscribe
      0
      The reason I prefer hard wallets or offline wallet is because it is less prone to being hacked. The danger in keeping your coins online is it could easily be stolen unlike with hard wallet wherein only you can have access to.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    2. #10 Collapse post
      Trader_Rob is offline
      Senior Member Trader_Rob's Avatar
      Join Date
      Oct 2018
      Posts
      703
      Thanks
      60
      Thanked 66 Times in 56 Posts
      SubscribeSubscribe
      1
      If your coins get stolen, it is often difficult to retrieve it. I believe most cases of stolen Bitcoins were closed without the coins being retrieved.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    3. #9 Collapse post
      Aya is offline
      Senior Member Aya's Avatar
      Join Date
      Sep 2018
      Posts
      931
      Thanks
      32
      Thanked 83 Times in 84 Posts
      SubscribeSubscribe
      0
      Quote Originally Posted by Newbie_trader View Post
      The only thing you can do is to report the incident to the higher authorities. You might not recover the money, but most importantly you get the culprit arrested.
      I don't think it would be easy to pinpoint the person exactly. As far as I know, we can only know about the IP address which can give us a location but not an identity.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    4. #8 Collapse post
      Newbie_trader is offline
      Senior Member Newbie_trader's Avatar
      Join Date
      Nov 2017
      Posts
      1,496
      Thanks
      4
      Thanked 157 Times in 127 Posts
      SubscribeSubscribe
      2
      Quote Originally Posted by AbdulShiek View Post
      Even if we possibly trace the transaction of the hacker, it would be impossible for us to penalize that person.
      The only thing you can do is to report the incident to the higher authorities. You might not recover the money, but most importantly you get the culprit arrested.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    5. #7 Collapse post
      AbdulShiek is offline
      Senior Member AbdulShiek's Avatar
      Join Date
      Dec 2017
      Posts
      1,954
      Thanks
      6
      Thanked 169 Times in 137 Posts
      SubscribeSubscribe
      1
      Even if we possibly trace the transaction of the hacker, it would be impossible for us to penalize that person.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    6. #6 Collapse post
      Mr. Cid is offline
      Senior Member Mr. Cid's Avatar
      Join Date
      Dec 2017
      Posts
      2,032
      Thanks
      7
      Thanked 175 Times in 148 Posts
      SubscribeSubscribe
      2
      Quote Originally Posted by darexgeorgieviya04 View Post
      If the hacker moves your BTC to an exchange for cashing out then there is a chance to get it back (not via bitcoin protocol but via police / legal action)
      It could be, but it takes time to trace the transaction. The cyber crime security officer should be the one to handle the case.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    7. #5 Collapse post
      darexgeorgieviya04 is offline
      Senior Member darexgeorgieviya04's Avatar
      Join Date
      Feb 2018
      Posts
      625
      Thanks
      0
      Thanked 15 Times in 16 Posts
      SubscribeSubscribe
      0
      If the hacker moves your BTC to an exchange for cashing out then there is a chance to get it back (not via bitcoin protocol but via police / legal action)

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    8. #4 Collapse post
      Mr. Cid is offline
      Senior Member Mr. Cid's Avatar
      Join Date
      Dec 2017
      Posts
      2,032
      Thanks
      7
      Thanked 175 Times in 148 Posts
      SubscribeSubscribe
      2
      Quote Originally Posted by PALM View Post
      All BTC transfers are final. If a hacker moved your BTC elsewhere, you can't get it bac
      Bitcoin hacking is one of the scariest things online. Once your Bitcoin got hacked, there's no way you could recover them.

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    9. #3 Collapse post
      PALM is offline
      Senior Member PALM's Avatar
      Join Date
      Jul 2018
      Posts
      500
      Thanks
      0
      Thanked 26 Times in 18 Posts
      SubscribeSubscribe
      0
      All BTC transfers are final. If a hacker moved your BTC elsewhere, you can't get it bac

      Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.


    10. #2 Collapse post
      AbdulShiek is offline
      Senior Member AbdulShiek's Avatar
      Join Date
      Dec 2017
      Posts
      1,954
      Thanks
      6
      Thanked 169 Times in 137 Posts
      SubscribeSubscribe
      1
      Getting hacked is such a very disappointing experience. Your experience of yours serves a lesson not just for you but for us here on this forum. More often investors fail to protect their account because most of them do not know how to erase their footprints online. Being cautious at all times when we access our Bitcoin wallet significantly increases the safety of our account. The recovery of your Bitcoin is hardly impossible. However, you can report the incident to your Bitcoin wallet provider. They might ask you for some details, but there's no guarantee that you'll recover your funds.
      Last edited by AbdulShiek; 05-07-2020 at 03:48 AM.

    Posting Permissions

    • You may not post new threads
    • You may not post replies
    • You may not post attachments
    • You may not edit your posts
    •