If you are an active participant in cryptocurrency-based activities, you might clearly know their volatility and risks which are associated. Crypto applications face a risk of being hacked because they depend on virtual/internet platforms. Once the network is hacked, the participants might lose all of their valuable assets. On the other hand, there are some risks associated with using crypto-wallets. What would happen if your assets are lost because of the above risks? Are there any methods of recovering them? Congratulations to all the crypto-users! Cryptohunters are in action. Let’s discuss what is done by Cryptohunters?
What are Cryptohunters?
In the simplest form of explanation, Crytohunters are a group of individuals (or organizations) who help in recovering lost or stolen cryptocurrencies. In general, storing cryptocurrencies is done on a Crypto-Wallet. The crypto-wallets are protected by a private key. In any case, if any user forgets this private (or if lost) key, it might drag him into huge trouble. Then the user will not be able to access their wallets. Fortunately, Cryptohunters also help in recovering private keys.
They perform these actions according to specific tactics and methods, including the use of supercomputers. Cryptohunting individuals/companies, on the other hand, work with cryptocurrency holders and law enforcement agencies. They keep contact between these two parties and work on recovering misplaced, stolen, or inaccessible crypto assets. Cryptohunters are specialists in finding out the misplaced passwords/private keys among millions of wordings which are capable of using as passwords.
On the other hand, they use specified technologies, such as Cryptohypnotists, to recover lost assets. The service fee of Cryptohunters is about 20% of the recovered balance. But this might vary according to the rate of success. However, the help of Cryptohunters is actually beneficial for the users, but also it should be updated frequently because the criminals are kept updating and they become sophisticated every second.