Lost my crypto after 'investment' on Funds Recovery Group – is it all gone?

asked 0d ago0 views4 answers
0

Ok, so i feel like a complete idiot. A few months ago, i fell for a pig butchering scam, lost about 15k USDT. I was absolutely devastated and desperate to get it back. While searching online for help, i stumbled upon a company called 'Funds Recovery Group'. Their website looked professional, talked about blockchain forensics and tracing, and they even had some testimonials. Ngl, i was pretty vulnerable. They convinced me they could help, but said i needed to 'invest' more crypto with them to cover recovery fees and 'liquidity' in case the scammer tried to move funds again. So i sent them another 5k USDT. Now they've stopped replying. Their website is still up, but my emails go unanswered. Have i just been scammed twice? Is there ANY hope for my total 20k USDT?

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Funds Recovery Group· scam

4 Answers

45

Daniel, I'm really sorry to hear about your situation. It's an incredibly common pattern – victims of initial scams often become targets for secondary 'recovery' scams because they're desperate and vulnerable. Funds Recovery Group is a known entity operating this exact playbook: promising to get your money back but only extracting more from you. The red flag you mentioned about needing to "invest more crypto to cover fees and liquidity" is a classic sign of these sorts of operations. Legitimate blockchain forensic firms or even law enforcement wouldn't ask for upfront *investment* or *liquidity* from you; they'd charge a fee for their services, which might require a retainer, but it's clearly for a service, not a reinvestment. In this case, unfortunately, yes, you've likely been scammed a second time. Your funds sent to Funds Recovery Group are almost certainly irrecoverable. For the initial 15k USDT, if you have transaction hashes and any communication with the original scammers, you should report it to your local police and consider contacting a legitimate blockchain analytics firm like Chainalysis or ChainAbuse. Some of these firms offer initial consultations, but please be extremely careful and vet anyone thoroughly before engaging. Never pay upfront for 'guaranteed' recovery.

Aoife O'Connor · Waterford, Irelandanswered 0d ago
70

Ngl, this is pretty much exactly how most 'recovery' scams work. They look professional on the surface, maybe even run ads to target people searching for help. But the moment they ask you to send *them* crypto to help recover *your* crypto, it's a scam. Full stop. No government agency, no legitimate law firm, and no ethical blockchain forensics company will ever ask for 'liquidity' or 'investment' from you to facilitate a recovery. Their fee structure might include an initial retainer, but it's for services, not for them to 'hold' your money with a promise of returning more. So yeah, unfortunately, your assumption is probably correct. You've been targeted again. The best you can do now is report *both* incidents to law enforcement and your bank if any fiat was involved, but don't expect miracles.

Kevin Gonzalez · Phoenix, USAanswered 0d ago
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Oh my god, Daniel, I'm so sorry. This happened to me too, almost exactly. I lost about 10k to a fake trading platform, then another 3k to one of these 'recovery' groups. They sound IDENTICAL to the one you described. The whole 'liquidity' thing, saying they needed more crypto from me to unlock the original funds. It's sickening how they prey on people who are already at their lowest. I reported everything to the cybercrime unit here in France, but tbh, they didn't give me much hope for the second amount. For the first one, they said maybe if the funds moved to a regulated exchange, there's a slim chance. But the recovery scam? That money is just gone. Don't beat yourself up, it's a brutal scheme.

Emma Simon · Bordeaux, Franceanswered 0d ago
35

That's really tough, Daniel. I see this happening way too often here in Singapore too. People lose money, then get suckered into a fake recovery. The tell-tale sign is always that upfront payment or 'investment' for recovery. Think about it – if they truly could recover your funds, why would they need *more* of your money first? They'd just take a percentage off the recovered amount. It's like asking a firefighter to pay *them* to put out *your* fire. Doesn't make sense. I'm afraid your 5k is likely gone, and it probably complicates trying to trace the initial 15k since you added another layer of transactions. Be very, very wary of anyone claiming to perform 'hacks' or 'blockchain exploits' to get your money back.

Mei Lau · Singapore, Singaporeanswered 0d ago

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