Florida and Massachusetts recover $5.4 million in cryptocurrency scam funds

robot
Abstract generation in progress

Deep Tide TechFlow News, April 16, according to Cryptopolitan, Florida and Massachusetts have recovered approximately $5.4 million in cryptocurrency assets in a crypto investment scam case that evolved from a “romance scam.” Among them, about $700k has been returned to Florida victims, $1.3 million to Massachusetts victims, and the remaining funds will be used to continue fighting crypto scams. Florida prosecutors stated that the victims in this case are spread across six counties in the state, with a single victim in Marion County losing over $450k. The Florida Cyber Fraud Enforcement Department said that in the first quarter of 2026, they recovered $3.3 million, and since its establishment 2.5 years ago, they have recovered a total of $7.2 million. Additionally, $12.6 million in frozen crypto assets are still under litigation.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin