Avoid becoming a victim of a scam twice
The recovery scam is also known as the scam behind the scam. It happens when scammers re-target someone who was already a victim of a scam.
Have you fallen victim to a scam in the past? Then there is a chance that you will be approached again by the same scammers or another group of criminals targeting previous victims.
These people will contact you, usually by email or telephone, about how you have lost a (significant) amount in the past. The criminals try to gain your trust by providing personal information, which was captured during the initial scam. They will then claim that they can recover the stolen amount after a certain fee has been paid. This fee can be a percentage of the stolen amount, but it is actually impossible to recover the stolen amount because a blockchain transaction is irreversible.
What can you do if you are approached?
- Do not respond to these types of requests. If it sounds too good to be true, it is.
- Do not share any data.
- End contact and block the email address/phone number.
- If you have not yet reported the initial scam, we advise you to collect as much data and information as possible and share it with the police by filing a police report.
Do you have any questions about recovery scams or do you suspect that you are being scammed?
Email us at fraud@bitvavo.com.