How does a recovery service for Cryptocurrency operate with Melmac Solutions

How does a recovery service for Cryptocurrency operate?

Our cryptocurrency recovery procedure operates as follows:

Which of the following situations best reflects your situation will determine the procedure we use:

  • wrong password
  • damaged wallet
  • stolen cryptocurrency
  • faulty computer or phone
  • Payment sent to the incorrect currency type
Step 1: Identify your issue

In order to proceed, we’ll need you to explain your circumstance and accept our service agreement.  We offer help for communication via phone, encrypted messaging app, email.  You will be told whether or not recovery is likely before we continue.

Step 2: Assemble the necessary data

If you already have your wallet file, you can deliver it electronically or via an encrypted channel to us. If you don’t know where to look, we can direct you over the phone or by email.

We’ll prompt you for a list of possible password examples if you can’t remember your password.

Step 3: Recover your Bitcoin or other cryptocurrency:

You will receive a confirmation that we are prepared to start working on your case after we have acquired the data required to start handling your circumstance.

To recover lost passwords:

To put together a list of tokens for our brute force tool, we’ll do that. These tokens are intended to test all potential instances of your password suggestions while filtering out less plausible guesses. Sometimes we develop software that can generate a unique password list.

On specialized hardware, especially one of two 12-core 8th generation Intel i7 8700 computers with a GTX 1070 GPU, we process the token file next. Token files can produce anywhere between a few hundred and around one billion different password combinations. Depending on how much of your password you can recall, the required number of guesses varies.

For damaged or erased wallets:

We created the best manual for retrieving corrupted or deleted Bitcoin wallets. When practical, we adhere to this procedure. The majority of cryptocurrency wallets use BerkelyDB, a database, to fix damaged wallet files. We have a bespoke build of BerkelyDB.

Our team extracts your private keys and loads them into a recovery wallet when we fix or unlock your wallet file. The data and personal information are then deleted.

For stolen cryptocurrency:

We utilize sponsored transactions to pay for Ethereum transactions  (or any other cryptocurrency involved) coming from a third-party address. In essence, we pay a miner to agree to a transaction bundle that consists of a financing transaction.Transactions obtaining tokens from a compromised wallet, and a final transaction that confirms the validity of the earlier transactions before paying the miner. When it’s over, our bundle doesn’t appear on the public blockchain, and the scammer is helpless to stop us. For more information, read here.

Step 4: Giving you your Bitcoin back

If the recovery is successful, we will request a destination address before delivering your funds, less our fee. We offer guidance and help with creating a new, secure wallet as part of our service. For recoveries of more than 100 BTC, we offer visitation. We deliver a hardware wallet with your funds, and show you how to use it. This service is included in the cost. When possible, we’ll also offer to fork your Bitcoin Cash or Bitcoin SV.

Step 5: Erase your personal information

We will securely destroy your personal data once the recovery is finished, or if we inform you that recovery is not feasible. If you sent a gadget, we will offer to ship it back to you or to destroy the storage media.

What is the time frame?

This technique takes as little as two hours in straightforward situations. In more complicated situations, such when you’ve forgotten your password, we might need to execute a brute force password technique for several days.

The length of time required greatly depends on how complicated the problem is. It takes many weeks running through our brute force algorithms if you have ten or more potential password ideas. We need to test a billion passwords.

In the event that you unintentionally transmitted Bitcoin to a BCH wallet, we can retrieve your money in under an hour.

The service may take several days or longer if we need to fix hardware or if you can’t find your wallet on a hard drive. Before accepting your case, we can provide you an estimate, and we’ll always let you know as soon as something changes.

The CEO of alleged cryptocurrency trading platform EminiFX, pled guilty and agreed to repay millions of dollars to clients who lost money

Crypto – Forex Platform CEO pleads guilty to $248M Fraud Scheme

The CEO of the alleged cryptocurrency trading platform EminiFX, Eddy Alexandre, could spend up to 10 years in prison for his involvement in the scam causing his investors to lose money.

In a New York district court, Eddy Alexandre, the CEO of alleged cryptocurrency trading platform EminiFX, pled guilty and agreed to repay millions of dollars to clients who lost money as a result of his “cryptocurrency investment scheme”.

On February 10, the US Department of Justice (DOJ) revealed that Alexandre had entered a guilty plea to one count of commodities fraud and would forfeit over $248 million in addition to paying unspecified restitution.

In regard to his participation in EminiFX, Alexandre was detained and charged in May. He initially entered a not guilty plea, but on February 10 he modified it. The maximum punishment for him is ten years in prison.

From around September 2021 to May 2022, Alexandre controlled the cryptocurrency and FX trading platform and “solicited more than $248 million in investments from tens of thousands of individual individuals,” according to U.S. Attorney for the Southern District of New York, Damian Williams.

Williams claimed Alexandre claimed EminiFX could provide “monthly returns of at least 5%,” but in truth, the CEO utilized part of the money for personal purchases and didn’t invest a “significant percentage” of it.

He hailed EminiFX as a platform for passive income that “assured” the claimed returns on investment by automating trading in cryptocurrencies and foreign currencies using a top-secret new technology.

Alexandre promised investors that their money will quadruple within five months while refusing to explain the technology. Investors in the program were misled into believing they had received the promised 5% returns.
Alexandre didn’t tell investors that he actually lost millions of dollars on the money he did invest.

He also transferred about $14.7 million to his own account, spent about $155,000 on a BMW and more on Mercedes Benz payments.

Despite the deception Alexandre committed, some EminiFX investors supported him.

According to a Bloomberg story from August 10th, a small number of people flew from abroad to attend a plea hearing in August. A supporter asserted that the allegations against Alexandre were racist.

The Commodities Futures Trading Commission is suing Alexandre in a separate civil case for “fraudulent solicitation and misappropriation” in connection with cryptocurrency and foreign exchange trading.

Will victims of EminiFX get compensated?


Melmac Solutions, one of the global leaders in cybersecurity, uncovered and indicated this investment scam has been running a massive fake investment scheme since at least 2021. We were able to trace down a complex network infrastructure of over 300 scam domains hosted on 70 servers, and EminiFX’s scam kit to lure the victims onto fake investment portals the scammers have been impersonating 40 popular European brands from the banking, fin-tech, crypto, and asset management industries.

We have accessed the mainnet of EminiFX and downloaded their entire mining block but the pubkeys to the transactions are encrypted/encoded in P2PKH addresses which spreads across a public ledger known as the blockchain.

Editor’s closing note:


The only thing more dangerous than cryptocurrency scammers are the even worse scammers who ‘help you’ get your money back from fraudulent brokerages, numerous individuals are repeatedly re-targeted by so called “crypto recovery firms” victims in recovering their losses. However, a lot of the time these businesses are scammers that use refund scams to attack victims again when they are weak.
Our vision is to have an enabling environment for cryptocurrency . We look to reduce to the barest minimum, the number of unrecoverable money lost due to fraudulent cryptocurrency schemes. If you have been wondering how to go about getting your money back after many failed attempts, submit a report to us.


and if you do, don't hesitate to contact Melmac Solutions Limted