Is there a way to track stolen bitcoins?

[Donkiz]

One of the unique features of of a cryptocurrency transaction is that it's irreversible. So what that implies is that you need to always crosscheck your transactions to ensure that everything is in order before pressing the submit button, because once it leaves your wallet it's gone and there's absolutely nothing you can do about it for now.

 

[Olaoluwa Abraham Abiodun]

I don't think there is any way to recover such bitcoin. That is exactly why scammers tend to prefer Cryptos so that even if it is traced they may not be pinpointed.

 

[iCesarkevin]

Possible but impossible. Possible for bitcoin manufacturer or company but for a simple miner, it is impossible. Since bitcoin is realpy hard to trach once stolen. So for safely , store it in bitcoin wallet because a simple miner has mo power to track a lose bitcoin

Post automatically merged: Feb 1, 2021

Possible but impossible. Possible for bitcoin manufacturer or company but for a simple miner, it is impossible. Since bitcoin is realpy hard to trach once stolen. So for safely , store it in bitcoin wallet because a simple miner has mo power to track a lose bitcoin

 

[GIFTMICHAEL]

It is not going to be easy to track stolen Bitcoin from fraudsters.
If the company will allow them to have there way to remove your Bitcoin from your wallet it is quite unfortunate.
Scammers are really doing worse than good Bitcoin company is supposed to monitor their activities.

 

[Chibson]

Well, with my little knowledge I don't think it is possible to track a stolen bitcoin. This is majorly one of the downsides of cryptocurrency in general. It gives scammers the avenue, to carry out their nefarious activities of stealing people's hard earned money. That is the reason why it is advised, to store your produce in the safe platform.

 

[Nicklas22]

It's very impossible to track or get back stolen bitcoins
You can get your Bitcoin once it has been stolen from you, that's why you have to be very careful and you need to know and finds out who controls or touches your phone or laptop because if they can have access to your wallet, your Bitcoin can be transferred to another wallet immediately

 

[ronaldlorenzo01]

It is not possible to track down stolen bitcoins. This is the bad side of bitcoins. It is not regulated yet that's why it's cheap to say for the transaction fees. Because we are not paying into the government. But yeah we need to profit so at least take a percentage on it.

 

[unhappy triad]

While bitcoin is supposed to be difficult to track, a number of tracing firms have sprung up to help law enforcement. Law enforcement agencies have been able to track stolen bitcoins many times in the past. ... Bitcoin offers users a degree of anonymity, making it a popular vehicle for criminal behavior.

 

[Jomarie05]

It is simply not possible to recover stolen bitcoin. That is why it is advisable for one to protect his wallet with a password and a two figure authentication. When you safeguard your bitcoin. No hacker or internet fraudster can steal it.

 

[adazeez1995]

Tracking is not easy because as one address receives it, it will be sent to another anonymous address and so on. You won't be able to get the actual thief other than than suspecting every address the money was passed through. It may be sent to China, the China guy may send to another person in India, the gy in India to another person in Brazil, etc. So, it's difficult to track

 

[Zamaney]

While bitcoin is supposed to be difficult to track, a number of tracing firms have sprung up to help law enforcement. Law enforcement agencies have been able to track stolen bitcoins many times in the past. ... Bitcoin offers users a degree of anonymity, making it a popular vehicle for criminal behavior.

 

[hani20980]

You can't it's almsot impossible to recover bitcoin transactions that's why we need to be very careful
from those scammers and never send your money or your private informations to anyone

 

[Patrik]

Nope, there is no way, unless the owner if that wallet that received the bitcoins is kind of publishing the adress of his wallet in some online website, so you can check it in google and find who he actually is

 

[Setfragil]

It is advisable to always keep our wallets safe and secured most especially the phones that handles the application in the case of theft or loss as any stolen bitcoin will be difficult to get back.

 

[Kelly5]

Unfurtunately this is one aspect of Bitcoin transaction that cannot be reversed. You can only track to know the Bitcoin wallet address that the last transaction was sent to, but can't do any more than that to retrieve it

 

[Bookwormlux]

From what I know, it is not possible to track stolen Bitcoin or Crypto Currencies as a whole. Once you lose them, that's all. That is why it's advisable to be careful with transactions like buying or selling.

 

[Kunkun]

Well this would be very difficult to do if at all it's possible because that's the point of crypto to provide untraceable transactions, I guess this could be a good thing as well as a disadvantage like in this case

 

[mcjerry]

Unfurtunately this is one aspect of Bitcoin transaction that cannot be reversed. You can only track to know the Bitcoin wallet address that the last transaction was sent to, but can't do any more than that to retrieve it

I don't think it will be easy to track a stolen crypto currency. Because those addresses are anonymous. No one knows who owns a crypto currency address. This will make it very hard for people to track. Only if the address has transact with known source before.

 

[Justin]

Bitcoin transactions are stored on bitcoin blockchain, which is actually a public ledger. Every transaction is recorded on blockchain is for public viewing. Therefore, you can track stolen bitcoin

 

[Senator]

Yes you can track a stolen Bitcoin true the address in your wallet that shows where the Bitcoin has left to. Bit you can't retrieve the stolen coins. That's the problem