If losing private keys results in the loss of bitcoins, any losses incurred as a result of investment fraud or mining scams are also beyond repair.

An opportunity to catch a scammer would be to follow the money trail through blockchain explorers and trace your lost funds, especially if the scammer’s address is from a centralized exchange. Then you may be lucky, but it all boils down to meeting a legitimate authority willing to help with recovery and the fact that these exchanges are willing to cooperate.

An estimated 20% of all Bitcoins have been lost forever. The total number of BTC supposedly lost as a result of the loss of private keys. These bitcoins are lost forever because the private keys used to access them have been misplaced.