Escalating fees, BTC payments, and no real recovery – be extremely cautious
I contacted Coinrecovery after reporting a fraudulent case and providing them with the BTC wallet address where I had previously sent money. They claimed they had located my “recoverable funds” and could retrieve them. Their website stated an upfront legal/processing fee of 5% of the total amount (to be sent to their btc wallet address), which seemed clear at first.
After I paid this fee, they immediately requested an additional $150 “transaction fee.” I asked if this could be deducted from the recovered amount, but they refused. For me, this was a major red flag, because this is exactly how other recovery fraudsters operate — the fees keep increasing, and the victim never receives anything back. Even after payments of $150 'transaction fee' they didn't proceed with funds recovery process, neither reply to any further messages.
This is the same pattern I experienced with previous “recovery firms,” where I was requested to pay AML/KYC/transaction/legal/processing fees that kept rising, and no funds were ever returned. Coinrecovery followed the same pattern of never‑ending fees with no proof of actual recovery.