Call Crypto Hunters If You Have Lost Crypto coins Or Wallet Keys
Here is all that you need to know about crypto hunters. They help you recover the lost coins and wallet keys
A Write-up Detailing Crypto Hunters
It is a consolation that amid increasing cases of theft and fraud, lost coins and lost private keys has seen a new breed of business that is taking shape in the virtual cryptocurrency world as individuals as well as companies are hunting for such lost coins, private keys and forgotten passwords we welcome the crypto hunters to the world.
The Question Is Where Did My Digital Assets Go?
It was thereby reported in Wall Street Journal, that the Chainalysis a blockchain analysis firm based in New York City with around 20 percent of all bitcoins that are now missing with these lost coins estimated to be worth $ 20 to $ 25 billion.
Here the most common issue is that it leads to lost crypto coins as the individual holder losing access to their cryptocurrency wallets or vaults where the digital assets in such wallets are kept secure by the use of a unique private key which comes as a long string of alphanumeric characters similar to a bank PIN or to a password for accessing an internet banking account. In this context since cryptocurrencies and wallets work in a decentralized ecosystem where there is no central authority or service provider to reset or reissue the key to the original crypto holders remaining the sole responsibility of the individual to keep the private key safe and accessible only to them. Here most individuals forget or misplace this private key, rendering their digital wallet inaccessible. Thereby around 300 such wallets with lost access are estimated to contain anywhere between 1,000 and10, 000 bitcoins each, as Chainalysis estimates. There are also other cases of lost digital coins that are attributed to the increasing number of scams, hacks, and thefts.
Who Are These Crypto Hunters?
As the lost Bitcoin bounty estimated to exceed $ 20 billion, a new breed of the digital entities as well as individuals called crypto hunters emerging to help with the complex task of recovering this digital treasure, where crypto hunters work with both cryptocurrency holders and law enforcement agencies search and recover misplaced or inaccessible assets.
There are reports as those claiming to be experts in breaking into digital wallets, crypto hunters use anything and everything to accomplish the task including the use of modern supercomputers cracking private keys and even using mental practices such as hypnotherapy on the wallet holders to help them reunite with their lost cryptocurrency.
The occasion is important as crypto hunters are offering their services online typically seeking basic details like the last remembered private key and other possible details where individuals may use in creating their private keys. Here the crypto hunters run basic data points through their self-designed computer programs and try to create hundreds and thousands of possible combinations which then used one at a time in an attempt to break down the secure keys of the wallets.
Consequently few technology enthusiasts are also attempting the DIY approach as the Financial Times quotes the case of Irish entrepreneur Youssef Sarhan who taught himself code to write a program to test tens of millions of password combinations as at about $ 10,000 the returns are not life-changing but certainly year changing.
While it’s not only tech-savvy computer programmers, who are in the game, the marketplace also has a significant presence of so-called crypto hypnotists who offer their mind management services with claim to recover passwords by unlocking the subconscious mind of individuals through the techniques of hypnotherapy. It is essentially an attempt to help the holder mentally recover where and what they may have written down as their private key.
Whereas it is now that crypto hunters are offering their services to track down the trails of cryptocurrency thefts and scams working with law agencies and crypto participants identifying where the stolen coins many have been transferred and such information can be vital to nullify the transactions linked to theft or block those wallets completely.
Thereby while many cryptocurrency exchanges are offering secure custodian services as they are often targeted by hackers to siphon off digital coins, it has opened a new high demand market for secure crypto vaults acting as third party custodians of digital holdings as well as for securing private wallet keys.
Finally To Conclude, How Much Does It Cost?
It is a known fact that the majority of such crypto hunting services charges in cryptocurrencies where prices vary and depend upon the success rate of recovery as both computer-based recovery service providers and crypto hypnotists charge an upfront fixed cost along with a percentage of the recovered amount that is typically ranging from 5 to 10 percent. It is here that crypto hypnotists have charged a fixed amount on a per session basis depending upon how many hours/sessions are taken by the individual to recover the lost details.
There are a lot of online services claiming to offer help for a fee, where care should be taken to ensure that one deals with authentic crypto hunters as the process requires revealing a few key details to the service providers which may be prone to misuse and it is advisable to deal with only those who operate in the real world along with verified identity that is rather than trusting those flashing ads in the virtual world that may not have any street presence.