FTX Bitcoin Recovery Might Be One In A Million. Most People Never Get Lost Crypto Back.
Miracles can happen. After over two and a half years of watching the founders of celebrity-endorsed cryptocurrency exchange, FTX, take client money and run, cryptocurrency investors are finally getting their money back.
The company said in May that account holders who filed claims would get their money back, with smaller investors getting as much as 120% back. That basically means Bitcoin (BTC-USD) holding value plus interest.
But this is not the norm.
FTX was a big case involving the U.S. government. The same can be said about the 2021 Poly Network hack – a DeFi platform that saw around $610 million stolen from client accounts, and the massive February 2025 Bybit wallet hack of roughly $1.2 billion. Tokens were recovered within two weeks for Poly Network. Elliptic, a blockchain monitoring firm working with Bybit, says it recovered only $150 thousand of client funds. FTX clients did not lose money due to hackers.
Elliptic is still working on recovering funds from thousands of hacked wallets. Retail investors cannot directly contact Elliptic for help. Also worth noting, many crypto recovery firms are scams, especially those that ask for money up front and do not let potential new customers talk to previous clients on the phone. They are all over social media preying on retail investors that lost funds on the blockchain to theft.
There is little in the way of stopping these hackers. Crypto investors are at risk of being duped by professional hacking groups.
For example, on May 11, 2025, Coinbase (COIN) said that they were hacked for ransom. It was the biggest security breach in Coinbase’s history. Some 70,000 account holders had their information stolen, and …
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