Money And Payments
Recovery scam
A second scam that promises to recover money from a first scam.
What it means
A recovery scam targets people who already lost money and asks for more payment to get the money back.
Example
A company says it can recover stolen crypto if you pay an upfront fee.
Warning signs
- They guarantee recovery.
- They ask for upfront fees.
- They contact you soon after a loss.
Safer next steps
- Do not pay more money to unlock recovery.
- Report through official channels.
- Talk with your bank, platform, or a qualified professional where appropriate.