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Can You Recover Stolen Crypto On A Centralized Exchange?1. Fraudulent account creations Fraudsters will routinely use fake or fraudulent identities to try and open accounts on crypto exchanges. The. Cryptocurrency scams take many forms. Just as financial criminals will try to steal money from your bank account or put fraudulent charges. Fraudsters use stolen IDs and card details to log into your crypto exchange, and you pay the price. Here's how to stop it before it's too late.