Introduction
Cryptocurrency has given people in India new ways to invest and grow wealth. But with opportunity comes risk, stolen or lost crypto can be almost impossible to get back. Since blockchain transactions are irreversible, crypto asset recovery services in India are becoming a crucial support system for victims of scams and hacks.
In this blog, we’ll explore why recovery is so difficult, how recovery services work, and how SafeTrace can help trace scam wallets.
Why Recovering Crypto Is Hard
- Transactions are irreversible once confirmed on blockchain.
- Scammers use mixers, cross-chain bridges, and multiple wallets to hide funds.
- Many scams are cross-border, making legal enforcement complex.
- India’s regulatory framework for crypto recovery is still evolving.
What a Crypto Asset Recovery Service Does
A legitimate service usually follows these steps:
- Case evaluation: assess whether recovery is feasible.
- Blockchain forensics: trace wallet flows and transactions.
- Legal preparation: draft legal complaints and evidence reports.
- Exchange cooperation: request freezing of scam-linked accounts.
- Recovery attempts: negotiate, sue, or enforce judgments.
SafeTrace: Scam Wallet Tracker
SafeTrace is a blockchain tool that flags scam wallets across Ethereum, BSC, Polygon, and Solana. It helps you:
- Check if a wallet address is suspicious before sending funds.
- Report scam addresses to warn others.
- Support investigations with on-chain intelligence.
Steps to Take if You Lose Crypto in India
- Collect evidence: Save wallet addresses, transaction IDs, screenshots, and chat records.
- Use SafeTrace to check suspicious wallets.
- File a complaint with the local cybercrime police station.
- Contact a trusted crypto recovery service to investigate.
- Follow legal channels and seek cooperation from exchanges.
How to Protect Yourself
- Store large funds in hardware wallets.
- Never share your seed phrase or private keys.
- Use SafeTrace to check addresses before sending crypto.
- Enable two-factor authentication on exchanges.
- Be skeptical of “too good to be true” investment offers.
Conclusion
Crypto recovery is never guaranteed, but acting fast, preserving evidence, and using the right tools increases your chances. Services like SafeTrace add an extra layer of safety by identifying scam wallets early.
If you’ve been a victim, reach out to professionals and file legal complaints. Prevention is always better, but recovery is possible with the right approach.