Can a crypto transaction be reversed if I send funds to a scammer?
Updated
No. Once a crypto transaction is confirmed on the blockchain, it cannot be reversed by you or by CoinDCX.
Unlike traditional banking transactions, blockchain transactions are irreversible and cannot be cancelled or reversed after confirmation.
To help protect yourself:
Always verify the recipient's wallet address before sending crypto assets.
Be cautious of anyone asking you to transfer crypto for investment opportunities, account verification, or guaranteed returns.
Never send crypto based on instructions received through unsolicited calls, messages, or social media.
If you believe you've been targeted by a scam or have sent crypto to a fraudster, report the incident to [email protected] and contact our Chat immediately.
Remember: Always verify the recipient before initiating any crypto transfer.
