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Altcoins are about to get sent \u0026 you're worried about the recession... Market CheckCan I cancel a cryptocurrency transaction? Due to the nature of digital currency protocols, transactions cannot be cancelled or altered once they are initiated. The victim lost over $50, worth of crypto assets as a result of the scam. Fraudulent Trading Platform Hacking. First Mining Bitcoin. No, you need to contact whoever you sent the funds to and ask them to make a new transaction sending them back.