Florida and Massachusetts Recover $5.4 Million in Crypto Fraud Funds

According to Cryptopolitan, approximately $5.4 million worth of cryptocurrency assets have been recovered in a crypto-investment scam that originated as a “romance scam” involving both Florida and Massachusetts. Of this amount, around $700,000 has been returned to victims in Florida, and $1.3 million to victims in Massachusetts; the remaining funds will be used to continue combating crypto scams. Florida prosecutors stated that victims in this case are spread across six counties within the state, with a single victim from Marion County losing over $450,000. Florida’s Cyber Fraud Enforcement Unit reported that $3.3 million was recovered in Q1 2026, bringing its cumulative recoveries since its establishment 2.5 years ago to $7.2 million; an additional $12.6 million in frozen cryptocurrency assets remains under litigation.