Leyla Amur

An uptick in digital heists of virtual currencies has left many crypto investors wondering if they have any options for tracing illicit Bitcoin transactions and recovering their stolen funds. The short answer is that ‘it’s possible, but difficult.’ The long answer is that ongoing developments in the regulatory landscape surrounding cryptocurrency may offer victims more recourse going forward.

With the prevalence of two-step authentication systems that use phone numbers to access email and virtual money accounts, phone hijacking is on the rise as a way to siphon funds from online cryptocurrency wallets.