After a grueling 14-month battle, I can finally share our story—part cautionary tale, part hopeful update for other victims. I’m the CFO of a mid-sized pharmaceutical company in Perth. Like many, we were drawn to Alpha Capital CFD’s ‘institutional trading platform’ with promises of 1:1000 leverage and ‘risk-managed’ crypto strategies. Big mistake.

We allocated over 100 BTC (then ~$4.2M AUD) across 2023. At first, everything seemed legitimate—flashy dashboards, ‘audited’ smart contracts, even Zoom calls with their ‘compliance team.’ But when we tried withdrawing profits, the excuses started: ‘AML verification,’ ‘liquidity delays,’ then outright ghosting.

The Recovery Nightmare

We hired two ‘crypto forensic firms’ (both turned out to be scams). One demanded upfront ETH for ‘recovery gas fees’ and vanished. Another claimed they’d ‘hack’ Alpha Capital (laughable). By Q1 2024, we’d written off the funds.

Then we found BitReclaim.com Unlike others, they:

Had no upfront fees (they work on a %-recovered model).
Provided a technical deep-dive showing how Alpha Capital’s smart contract siphoned funds into leveraged wallets.
Collaborated with Binance and Chainalysis to trace our BTC across 12 wallets.
The Result

Phase 1: Recovered 42 BTC (sent to our cold storage in April).
Phase 2: Another 28 BTC frozen on an exchange (legal process ongoing).
Remaining 30+ BTC still being traced through mixers (BitReclaim’s team updates us weekly).
Lessons for Other Businesses

Never trust ‘regulated’ claims without verifying licenses yourself (ASIC has no record of Alpha Capital).
Recovery is possible, but 90% of ‘experts’ are scams—stick to firms like BitReclaim with public track records.
Act fast: The longer you wait, the harder tracing becomes.
If you’re a victim, document everything and email bitreclaims@protonmail.com directly. Don’t waste time on Telegram ‘agents.’

AMA about our case—happy to share details (with legal approval).

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I made a costly mistake on Coinbase, sending $43,000 worth of Bitcoin to an incorrect address. The support team informed me that recovery was impossible. Desperate for a solution, I researched online and discovered Morphohack, a company with a proven track record in cryptocurrency recovery. I contacted them, providing transaction details and screenshots. To my surprise, Morphohack successfully tracked down my Bitcoin, which had been transferred to multiple micro wallets, and recovered approximately $39,800. If you’ve lost Bitcoins or other crypto due to a similar mistake, lost access to your crypto wallet, Morphohack Cyber Service may be able to assist you.
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