How to recover stolen cryptocurrency from Coinbase
If you’re a cryptocurrency investor, the last thing you want to hear is that your currency has been stolen. It doesn’t matter whether it was taken from your account or wallet, in an exchange like Coinbase, or elsewhere: When cryptocurrency is stolen, there’s little you can do about it.
But if you act quickly and get help from law enforcement and cryptocurrency experts, there’s hope for getting your money back. Here are some steps to take if your crypto gets scammed or stolen:
Coinbase allows you to buy, sell and trade cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
Coinbase is a cryptocurrency exchange that allows you to buy, sell and trade cryptocurrencies like bitcoin, Ethereum, and litecoin. Coinbase is a regulated exchange and the most popular place for people to purchase cryptocurrencies in the U.S.
Coinbase has been around since 2012, but recently made headlines when it announced its new index fund for investors with $250k+ portfolios who want to invest in crypto assets through one easy-to-use platform (and don’t have time or desire to do their own research).
As of July 2022, Coinbase has over 43 million users worldwide and over 2.8 million people actively exchange every month
The company was founded in 2012 and is headquartered in San Francisco, California. Its users can trade Bitcoin, Ethereum and Litecoin and other cryptocurrencies as well as a marketplace for NFTs for fiat currencies like USD. Coinbase has been featured in The Wall Street Journal, The New York Times, CNBC, and many other publications.
In 2022, it was reported that more than $500 million in cryptocurrency had been stolen.
The number of cases of cryptocurrency theft is rising and is expected to grow as the industry expands. Unfortunately, Coinbase is not immune.
Coinbase has been hacked twice, it’s reported that more than $500 million in cryptocurrency has been stolen.
The average amount of cryptocurrency that has been stolen has increased as well. In 2017, an average amount was around $15k; now it’s closer to $50k per case on average.
The cost associated with recovering stolen crypto is also going up—there are many factors that can affect this price including
-how long you wait before reporting your loss or theft (a longer period will increase costs),
-what exchange you used (Coinbase offers a lower fee than other exchanges), and
-how much money you’re trying to get back from Coinbase after they’ve found your crypto on one or more exchanges (they’ll charge different rates depending on how much money there is).
Common Coinbase scams
To understand how Coinbase scams work, it’s important to first understand what Coinbase is. Coinbase is an exchange platform where you can buy and sell cryptocurrencies. It also has a storage facility where you can keep your coins in a secure digital wallet. Crypto-related scams, including phishing and impersonation attacks, are a serious issue for users.
-Phishing: This is when someone tries to trick you into giving up your login credentials by sending you an email or message on social media that looks like it’s from Coinbase. They may say they need your account information or they’ll give you a gift card or some other incentive for sharing this information—don’t fall for it!
-Impersonation: This type of scam involves someone pretending to be a Coinbase employee, who then asks for money in order to recover stolen funds. include:
–Fake websites that look like Coinbase, but are not. If you visit a site that looks like Coinbase’s and it’s asking for your login information or private keys, don’t enter them! -Hackers who phish for your login credentials and get access to your account.
If you’ve been scammed or your cryptocurrency has been stolen from Coinbase, here’s how to recover it.
Coinbase is one of the most popular cryptocurrency exchanges around, and for good reason. It’s easy to use, has a great user interface, and makes it easy for people to get started investing in crypto.
If you’ve been scammed or your cryptocurrency has been stolen from Coinbase here’s how to recover it:
Tell Chargebackpros what happened.
Once you have the information, you can contact Chargebackpros.
You can submit a support ticket through their website and they will review your case. You’ll need to provide details of the incident, including:
- The date and time of the incident
- The amount of money that was stolen
- The email address of your account that was compromised
- Your phone number (if available)
Contact Coinbase’s customer support
Contacting Coinbase’s customer support team is the first step in recovering your stolen funds
In your email, explain what happened and how you lost access to your account. Be sure to include any evidence you have (like screenshots of emails or phone numbers).
It’s also a good idea to keep a record of all correspondence with Coinbase customer service you may need it later on if there are problems with their investigation process or if you decide to dispute the chargeback with your bank or card issuer.
Consider hiring a professional chargeback company like ChargebackPros to help you recover lost funds.
If you’ve filed a chargeback with your bank, but still haven’t recovered any funds, it may be time to consider hiring a professional chargeback company like ChargebackPros.
We can help with all types of chargebacks from Coinbase, as well as other exchange sites and crypto wallets
The process is simple, and you can get started by filling out our contact form. You will need to provide us with a few details about the transaction that was made, as well as proof of ownership of the funds.
Once we receive this information, we will be able to begin working on your case right away. We’ve helped thousands of people get their lost funds back. We can help you too!
It is possible to get stolen cryptocurrency returned from Coinbase if you act quickly.
If you are the victim of cryptocurrency theft, it is possible to get your funds returned from Coinbase if you act quickly. This process is much easier than other exchanges because Coinbase has stricter requirements for proof of identity and ownership of coins. You will need to be able to prove:
- That you were the victim of a scam
- That you have the right to the funds
- That you were not the one who initiated the transaction
As you can see, it is possible to get your stolen cryptocurrency returned from Coinbase if you follow the proper procedures. We have helped many people get their lost funds back, and we can help you too! However, it is important to note that the process can be lengthy and frustrating.
It is often necessary to prove that you were not involved in the scam yourself and that your funds have been stolen by another individual or group of people.
This means providing proof of identity and ownership of cryptocurrency. If you are a victim of a scam or theft, please contact us immediately so we can start working on your case.
You can also check out our blog and learn more about how to protect yourself against scams in the future. If you need help with your Coinbase claim, contact us today.