Bitcoin, the most used and popular cryptocurrency, has been all over the news lately. Having its increasing popularity, it has also become a target for theft. If you're a bitcoin user, there are certain steps you'll need to follow if you think your bitcoin has been stolen. This information will provide an overview of how do I recover stolen crypto.
Secure Your Computer and Mobile Device First and foremost, it is very important to secure your computer and mobile device before attempting to recuperate stolen bitcoin. Make sure that they're running the latest version of the respective operating systems and that your antivirus software is up-to-date as well. Also, use strong passwords on all your accounts, including your wallet account. Additionally, make sure that two-factor authentication is enabled on any online wallets or exchanges where you store or trade bitcoin.
Report The Theft Once you've ensured your products are secure, report the theft immediately to both local police and the relevant exchange or wallet provider. It is important to file a police report the moment possible to ensure that authorities to be able to investigate the theft quickly and efficiently. It's also advisable to contact the exchange or wallet company so they can take necessary measures if needed (e.g., suspending accounts).
Keep Monitoring of Transactions If you believe that the bitcoins have now been stolen via an on the web transaction then it is important to keep an eye on all transactions related to that particular address or exchange account. You should use blockchain explorers such as for instance Blockcypher or Blockchain Explorer in order to trace transactions associated with an address or account. As a result perhaps you are able to identify suspicious activity which may help police force track down the thief(s).
Remember: Prevention Is Better Than Cure Finally, remember that prevention is better than cure when it comes to protecting yourself from bitcoin theft. Ensure you practice good security practices when storing and using cryptocurrency by using strong passwords and two-factor authentication whenever you can; back up all data regularly; only store small amounts of coins on wallets accessible from public networks; avoid downloading untrusted apps; check for URL spoofing; avoid simply clicking suspicious links; never share private keys with anyone else; and always double check URLs before entering any information into websites/apps etc...
Conclusion: Bitcoin theft could be devastating but there are steps you are able to take in order to protect yourself from becoming a victim of such thefts. Remembering these key points will help keep your coins safe at all times: Secure your computer/mobile device; Report the theft immediately; Keep track of transactions related to stolen coins; And finally - prevention surpasses cure! Practicing good security practices when storing and using cryptocurrency should go a long way towards preventing future thefts. Good luck!