Summary
- Surge in bitcoin prices leading to increased demand for crypto wallet recovery services
- Common reasons for losing access to wallets include forgotten passwords, lost two-factor authentication devices, unexpected exchange shutdowns, and cyberattacks
- Retail investors are frantic to regain access to their crypto holdings due to fear of missing out (FOMO) as bitcoin prices rise
- Recovery requests to firms have spiked, with some firms seeing a tenfold increase in the number of requests compared to the previous year
