Payback Ltd Review
In 2008, when Bitcoin was first released, nobody could predict that it would slowly morph into a global phenomenon with millions of hopeful investors putting their livelihoods in danger by investing everything in crypto. Today, we have thriving companies like Payback Ltd that focus their attention on recovering money lost to crypto scam artists.
Did you know that over 75% of all online scams proliferating on Facebook are related to crypto in one way or another? Since many people do now know much about the crypto industry, it is pretty easy to impress them with some technological gibberish. Scammers often use very elaborate schemes to convince naïve users of social media to invest in something promising or buzzwordy.
How does Payback Ltd work?
The company uses different approaches to solving cases depending on the circumstances. In the vast majority of cases, the process goes like this:
- A client contacts the company and explains their situation with as many details as possible.
- A dedicated investigator conducts a thorough interview and gathers information from a client.
- Then, the team assesses the expenses associated with the investigation process and for a preliminary quote.
- The team will collect documents related to the case and create an evidence base sufficient to start tracking down scammers.
- By using both conventional and unconventional methods, the team will identify and hunt down scammers.
- Payback Ltd will negotiate with the scammer and force them to pay back the money at least partially by threatening legal action and prosecution.
In most scenarios, scammers who are usually just small-time criminals who do not want to go to jail will agree to pay. While you may not get back the whole sum lost to the scammer, you can recover a significant portion of the money. Sometimes, scammers agree to pay back everything they stole just to avoid dealing with the legal system.
Does Payback Ltd succeed often?
The track record of the company is quite good. The number of satisfied customers is quite astonishing considering that the crypto industry is based on the concept of anonymity. However, Payback Ltd successfully tracks scammers frequently thanks to their unique approach involving traditional techniques of online investigation and gray methods that focus on accessing databases and tools often unavailable to law enforcement.
Experience plays a huge role as well. Payback Ltd has been working in online security for years and only recently pivoted to providing services like recovering money lost to crypto scammers. The team has many specialists who have an incredibly deep understanding of cryptocurrencies, blockchain technology, and contemporary social engineering techniques.
In general, no one can give a 100% guarantee that you will get your money back, but this particular company has a relatively high rate of success and has recovered several million US dollars over the last five years and helped hundreds of individuals who lost money to various crypto scams.
How does Payback Ltd handle your personal information?
Any data collected during communications with clients is used only to conduct investigations and improve the way the company serves its product. Otherwise, your data will be handled responsibly and without any malicious intent.
With over 350,000 cases of crypto-related scams reported annually, the true scope of fraud in the crypto industry is hard to imagine. Payback Ltd may be just a drop in the ocean, but it is still one of the best companies to work with if you want to find scammers and recover your money. It is not the longest of shots, but it is still a very real chance.