Florida and Massachusetts Recover $5.4 Million in Crypto Scam Case

Florida and Massachusetts have successfully recovered approximately $5.4 million in cryptocurrency assets from a scam that evolved from a 'romance scam' into a crypto investment fraud. According to ChainCatcher, $700,000 has been returned to victims in Florida, while $1.3 million has been returned to victims in Massachusetts. The remaining funds will be used to continue efforts against crypto fraud. Florida prosecutors revealed that victims of the scam were located across six counties in the state, with one victim in Marion County losing over $450,000. The state's cyber fraud enforcement department announced that $3.3 million was recovered in the first quarter of 2026. Since its establishment 2.5 years ago, the department has recovered a total of $7.2 million, with an additional $12.6 million in frozen crypto assets still under litigation.