My savings gone after a 'refund' from 'Funds Recovery Group' turned into another scam, any hope?

asked 21d ago13 views10 answers
0

Ugh, i'm so mad at myself. I got scammed out of a good chunk of crypto last year, like about 10k EUR, on some pig-butchering platform (CoinEgg, i think it was called? The site's down now anyway). I was trying to block it out. Then a few weeks ago, I got this email, looked kinda official, saying they were from some 'Funds Recovery Group' and they'd found my lost funds and just needed a small fee to release them.

I was desperate, you know? I wired them like 1500 EUR, thinking it was finally over. Now they've stopped replying, and the email address just bounces. It feels like I've been scammed twice. Is there any actual way to get *anything* back now? My partner is just shaking her head, I don't even know what to tell her.

Mentioned in this discussion
CoinEgg· scamFunds Recovery Group· scam

10 Answers

47

Oh man, Niklas, I'm so sorry this happened to you. It's a classic trap, and it's not your fault for hoping. These secondary 'recovery' scams prey on exactly that desperation. You're right, Funds Recovery Group is a known scam operation. Any service asking for an upfront fee to recover lost crypto is basically 99.9% a scam. Legitimate recovery services, IF they exist and are successful, usually take a percentage *after* funds are recovered. Even then, crypto is tough because once it leaves your wallet to a scammer's, it's incredibly hard to retrieve unless the scammer is caught and their assets frozen.

What you *can* do, and *should* do, is report both scams to your local law enforcement. In Germany, that would be the Polizei. Also, file a report with Europol Cybercrime for the cross-border aspect. Provide all transaction details, wallet addresses if you have them, emails, and any communication. This helps build intelligence, though direct recovery is incredibly rare. For the 1500 EUR you wired, contact your bank immediately to see if they can recall the transfer, though it's a long shot if it went international. Don't lose hope but protect yourself from further losses. Never pay upfront.

Anna Muller · Frankfurt, Germanyanswered 21d ago
28

Hey Niklas, really sorry to hear you're going through this. It's a horrible feeling to be scammed once, let alone twice. Don't beat yourself up about it; these scammers are professionals at manipulation. The 'recovery fee' is a massive red flag that many of us learn the hard way. It preys on hope, which is a powerful thing when you've lost money.

Like Anna said, reporting it is your best bet, even if it feels like just shouting into the void. It helps authorities track these networks. And for the future, just remember: anyone offering to recover funds and asking for money first is trying to scam you again. No exceptions. Stay strong mate.

Edward Wood · Bristol, United Kingdomanswered 21d ago
22

Absolutely sickening that they target victims again like that. It's a common tactic used by the initial scammers themselves or by other groups who get your details from data breaches. They know you're vulnerable. The golden rule in recovery is: legitimate services *never* ask for upfront fees. Seriously, NEVER. They operate on contingency or take a percentage *after* successful recovery, if it's even possible at all. Any 'special software' or 'tracing tool' they claim to have for a fee? Pure fantasy. Please be super careful moving forward.

Sophie Taylor · Birmingham, United Kingdomanswered 21d ago
18

Man, that sucks super hard. I've heard too many stories like yours. Funds Recovery Group is a total scam. They pop up everywhere. Your 10k from CoinEgg is almost certainly gone, and the 1500 EUR you wired to the 'recovery' folks is likely gone too. Crypto, once it's off your wallet and moved around, is basically unrecoverable without police action, which itself is super rare given the anonymous nature of crypto. I mean, you can trace it on the blockchain, but that just shows you where it went, not who's holding it or how to get it back. Sorry to be blunt but better to know the truth.

Leon Neumann · Frankfurt, Germanyanswered 20d ago
15

Niklas, I'm right there with you, literally. I got hit by a similar setup. Lost about 8k to some fake investment platform earlier this year. Then, like an idiot, I saw an ad on Facebook for 'Crypto Recovery Experts' and they promised to get it back. Asked for about 1200 as a 'processing fee for the forensic blockchain tracing'. Felt legit enough at the time with all their fancy words. Sent it via Wise. Guess what? Ghosted. My partner was furious, said I was being naive. It's a bitter pill to swallow, knowing you fell for it twice. The only thing I got back was a massive lesson learned.

Thomas Neumann · Munich, Germanyanswered 20d ago
11

Ugh, this is so awful, Niklas. It's a tactic called a 'recovery scam' or 're-scamming'. They often target people who have already been victims because they know you're desperate and hoping for a way out. My sister went through something similar, lost a small fortune. She reported it to Action Fraud in the UK but they basically said that once crypto is gone, especially after these sorts of transfers, it's near impossible. The 1500 EUR wired might have a tiny chance if your bank is super quick, but crypto? That's probably gone forever. So sorry. It's a really harsh lesson.

Charlie Hughes · Bristol, United Kingdomanswered 20d ago
35

Okay, Niklas, let's look at this pragmatically. You're dealing with two distinct incidents here. The initial crypto loss to CoinEgg (a known scam exchange associated with pig butchering operations) and the subsequent loss to 'Funds Recovery Group'.

  1. CoinEgg Loss: The funds are most likely unrecoverable. These platforms operate to steal, not return funds. Blockchain tracing (using tools like TRM Labs or ChainAbuse) *can* track the movement of your crypto, showing where it went, but rarely can it lead to freezing or reclaiming funds unless the recipient exchange cooperates with law enforcement, and only if the crypto hasn't been laundered extensively. Given CoinEgg is down, that's highly unlikely.
  2. Funds Recovery Group Loss: This is a classic scam. As others have stated, legitimate recovery services do not demand upfront fees. For the 1500 EUR wire transfer, you *must* contact your bank immediately. There's a small window where they *might* be able to reverse or recall the transfer, especially if it was a recent domestic transfer. International wires are much harder to stop. Provide your bank with all details. Regardless of recovery, reporting both incidents to the police is crucial for intelligence gathering. It won't get your money back directly, but it helps map out these criminal networks.
Emily Williams · Atlanta, USAanswered 20d ago
9

I really feel for you, man. It's so easy to fall for these things when you're feeling vulnerable. These recovery scammers are bottom feeders, preying exactly on that. What you're experiencing is actually super common. Just know you're not alone. Don't ever feel stupid for trying to get your money back. What's important now is to stop the bleed. Cut off all contact with anyone offering recovery, especially if they ask for money. Learn from this, keep your head up, and report it where you can.

Matthew Anderson · Austin, USAanswered 20d ago
19

This is a harsh reminder for everyone: IF YOU HAVE BEEN SCAMMED, YOU ARE A TARGET FOR FURTHER SCAMS. Scammers often sell 'suckers lists' to other scammers. So once you're on one, you'll be contacted by others promising everything from recovery to 'investment opportunities'. Always, always be skeptical if someone contacts you unsolicited, especially about money you've lost. The rule is simple: NO UPFRONT FEES FOR RECOVERY. Period. If they ask, it's a scam. This 'Funds Recovery Group' is just another layer of fraud. The 10k is almost certainly gone, and the 1.5k you wired might be too. It's truly infuriating.

Grace Lim · Singapore, Singaporeanswered 20d ago
25

Yeah, Niklas, you've unfortunately fallen victim to a 'recovery scam' on top of your initial loss. This is super common. They fish for previous victims by monitoring public forums where people share their scam stories, or buying lists of compromised data. They know you're desperate, and they exploit that. There's virtually no chance you'll get anything back from the 'Funds Recovery Group'. For the wired money, your absolute *only* recourse is with your bank, and the longer you wait, the slimmer the chances. For crypto, once it's off your wallet and into theirs, it's basically gone. Sorry to deliver the bad news, but it's important to stop throwing good money after bad. Cut off contact with anyone claiming they can help you recover funds for a fee.

Ling Goh · Singapore, Singaporeanswered 20d ago

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