How Can I speed up decrypting?


I have a recovery company retrieving my scammed bitcoins. They have moved them directly to my brand new wallet but the decryption process is very very slow. They say I should purchase more bitcoins and deposit them in my wallet to create history. Will that speed up the process?


Posted 2020-05-31T23:57:51.310

Reputation: 1

What does it mean "scammed bitcoins"? What do you mean by "decryption process"? If it's your wallet, and you know the keys/passwords how can it take time to decrypt? The part about "purchase more bitcoins and deposit them in my wallet to create history" doesn't make any sense. Are you sure, that someone isn't scamming you again? Are you keeping your bitcoin on non-custodial wallet? – Tony Sanak – 2020-06-01T00:12:56.100

1This really sounds like a scam, there is no reason to need to 'create wallet history' by receiving a transaction, that doesn't make any sense. – chytrik – 2020-06-01T08:02:54.733



You are likely being scammed again.

The vast majority of bitcoin recovery companies are scams. The ONLY scenarios in which coins are recoverable are if you mistakenly sent them to another address in your wallet (such as an address after the gap limit, sent BTC to an LTC address, ETH to an ETC address, and so on), or if your wallet had a catastrophic derivation issue that resulted in it giving you non-standard addresses which normal wallet software cannot find.

Pretty much anyone else claiming to be able to recover coins that were stolen in scams, hacked from exchange accounts, sent to scammy brokers/investment/mining operations, etc. is also a scammer, trying to capitalize on your loss to extract more funds from you.

Cut your losses now, and do not give these people any more funds.

Raghav Sood

Posted 2020-05-31T23:57:51.310

Reputation: 15 741


Good on you for asking before sending money. All so-called "recovery companies" are scams and they will all ask you for money, even the ones that promised they wouldn't.

David Schwartz

Posted 2020-05-31T23:57:51.310

Reputation: 48 957