Crypto Recovery Scams on the Rise 2026. Infinite Tec Solution is here to help investors – giving them the tools they need to help them stay informed and spot potential scams.
This year, for Fraud Prevention Month, we have created a video that explains how crypto recovery scams happen and describes the warning signs that investors can use to identify them.
What is a recovery scam?
A recovery scam is a secondary fraud that targets people who have already lost money to a scam, involving unsolicited promises of getting funds back and demands for upfront fees. In 2025, Canadians lost over $22 million to recovery fraud.
If you would like, we can help you draft a report to send to your local fraud authority or bank to handle a past incident safely.
How do I recognize a recovery scam?
Whether you have been the victim of a scam or not, the first thing anyone would do after losing money is to try and get it back. Scammers know this and intentionally target scam victims with the promise to recover their lost funds for a fee. Once the fee is paid, the (now twice) victimized will never hear from them again. Fraudsters even keep lists of scam victims and sell them to other bad actors.
The Canadian Anti-Fraud Centre (CAFC) reported Canadians lost $569M to fraud in 2023. This is likely understated as they estimate only 5-10% of victims actually report fraud. This makes recovery scams a popular method for fraudsters (with $1.7M in crypto alone lost in recovery scams in 2023) and something all Canadians should be aware of to protect themselves.
If someone has contacted you with a pitch to recover your funds it’s likely a scam, especially if they demand payment upfront.
How can I protect myself?
Being skeptical means being safe.
- Do not pay for recovery services upfront, especially when payment is demanded through cryptocurrencies, gift cards, e-transfers, and other cash-based means. Cash and cryptocurrency are hard to track which makes them a prime tool of fraud.
- Don’t be afraid to come across as rude by hanging up, not responding, or asking for identification.
- Be aware, your personal information may have been bought and sold. If someone over the phone knows your name, address and the amount of money you lost in the original fraud, it doesn’t mean they’re legitimate.
- Check out our resources on how to protect yourself against fraud, how to identify the warning signs of fraud, and how to stay safe on the internet.
- Contact Infinite Tec Solution the moment you suspect investment fraud.
Why Choose Us
- Advanced Security Features- Our security software provides multiple layers of protection, including encrypted data storage, malware detection, and real-time threat monitoring.
- Customizable Options- We understand that every business has unique security needs.
- Expert Support- Our team of security experts is always available to provide support and assistance with any issues or questions you may have.
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