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Daniel Kim
Most of it recovered

Daniel Kim

Los Angeles, California, USA

Type of scamBinary options
Amount lost$210,000
Recovered$168,000
Time to recover12 months

My story

Over a year I sank $210,000 into a binary options platform run by a team that always had an answer for every losing trade: 'one more deposit will fix it.' It never did.

Retraced Partners spent a year untangling the web of shell companies and payment processors. They recovered $168,000 through chargebacks and freezes. A portion had been paid out as 'commissions' to the scammers and could not be clawed back.

Losing some of it still stings, but recovering $168,000 was more than I had any right to hope for. Their persistence, and their honesty about what was possible, kept me going through a very dark year.

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Recovery is never guaranteed. Individual results vary based on the payment trail and applicable law.