How Long Does Crypto Recovery Take ?

In this guide, we will explain the factors that can affect recovery time frames, describe the steps in the recovery process, and describe the tools and professionals that can help. This article is geared towards victims who are looking for an understanding of how long it can take and what to expect when trying to recover digital funds. Factors That Influence Crypto Recovery Time Determining how long it takes to recover cryptocurrency is not straightforward and is dependent on a range of factors : a. Type of Scam or Incident The type of scam— phishing attack, exchange hack, false investment, wallet takeover—makes a difference in the complexity of the incident. If funds are directly taken from a wallet that has been hacked, it might be resolved sooner if action is taken immediately. Fake ICOs may take longer, as there will be a legal process and forensic investigations may take longer. Ponzi schemes take longer, as there is a legal process, and it may be difficult to locate the c...