Florida and Massachusetts recover $5.4 million in cryptocurrency scam funds
By: www.chaincatcher.com|2026/04/16 00:46:44
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According to market news, approximately $5.4 million in cryptocurrency assets has been recovered in a case of cryptocurrency investment fraud that evolved from a "romance scam" involving Florida and Massachusetts. Of this, about $700,000 has been returned to victims in Florida, $1.3 million has been returned to victims in Massachusetts, and the remaining funds will be used to continue combating cryptocurrency fraud.
The Florida prosecutor's office stated that the victims of this case are distributed across six counties in the state, with a single victim in Marion County losing over $450,000. The Florida Cyber Fraud Enforcement Unit reported that $3.3 million has been recovered in the first quarter of 2026, and over its 2.5 years of existence, it has recovered a total of $7.2 million, with an additional $12.6 million in frozen cryptocurrency assets still in litigation.
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