Eurotech Cyber Security Recovers $1.2mln in Bitcoin for Romance Scam Victim April 28, 2022 April 28, 2022 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsApril 28, 2022 by Kelly Cromley

Eurotech Cyber Security Recovers $1.2mln in Bitcoin for Romance Scam Victim

The cryptocurrency sector has evolved tremendously in the last few years. As the value of digital currencies such as bitcoin rises, more and more individuals are turning to them for their financial needs. Nonetheless, fraudsters have taken advantage of the high value of cryptocurrencies. As a result, many have lost tens of thousands of dollars to unscrupulous investments on the internet, and many more are in the process of losing money. A reputable cyber forensic organization like Eurotech Cyber Security is needed to recover cryptocurrency.

Cullins, a romance fraud victim, just had $1.2 million in bitcoin recovered by Eurotech Cyber Security. In a dating app, he’d connected with someone from West Palm Beach he thought was innocuous. Cullins suffered his largest ever financial setback as a result.

While we were talking, I divulged to her that I had refinanced my property last year and had $30,000 I planned to invest in home renovations. “Cullins narrated his journey with the cybercriminal. She asked if I had $2,000 to spare, promising to teach me how to trade in cryptocurrencies if I gave her the money. There would be no more housing bills or long hours at the office for me to deal with, she said. She expressed a desire to accompany me on future journeys.”

Cullins is well-connected in the crypto community and had no reason to suspect foul play. He downloaded the app, then went to the bogus day trading site she had given him and began trading on it. Even those who are well-versed in the world of cryptocurrency can have difficulty seeing the website’s falsity due to its sophistication.

When he tried to access his $1.2 million in Bitcoin, he discovered that malware had been placed on his computer. Cullins said, “I contacted a crypto recovery expert at Eurotech.”

Each client’s crypto assets are recovered using a process devised by Eurotech Cyber Security. This approach is both comprehensive and efficient. However, the company’s recovery techniques have certain similar denominators, such as presenting facts and proof of the case, tracing the Cryptocurrency, and creating an in-depth forensic report on the transaction source and the suspected wallets engaged in the transaction.

The business next investigates the perpetrator firms, the technology they utilize, and the digital trace that the offenders left. An innovative, first-class cybersecurity technology combined with blue-chip digital forensics and digital localization tactics is used to finally locate the cryptocurrency.

Eurotech used the blockchain to track down and reclaim Cullins’ money over the following two weeks. Cullins was surprised and relieved when he received his money back. “It felt like a lotto win. But we had to try, and I’m so grateful that the monies were returned to me” Cullins screamed with joy and relief.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.