Maria
Mon Sep 02 2024
|
5 answers
1186
Can a bank reverse a transaction if scammed?
Good day, I have a pressing question regarding cryptocurrency transactions and fraud protection. Suppose I, a vigilant cryptocurrency user, have unfortunately fallen victim to a scam. My concern lies in whether the bank involved in the transaction has the authority or capability to reverse the fraudulent transaction, especially given the decentralized and often irreversible nature of cryptocurrency transactions. I understand that traditional banking systems offer certain safeguards, but I'm curious if similar measures apply to the digital currency realm. Could you shed some light on this matter? Thank you in advance for your clarification.
