Crypto Times Logo Black
Google News Follow Banner
  • News
    • Market
    • Bitcoin
    • Ethereum
    • Altcoins
    • Regulations & Policies
    • DeFi News
    • Blockchain News
    • Industry
  • Exclusive
    ExclusiveShow More
    2 Years of the ₹2,000 Cr WazirX Hack: The Money Never Came Back. Neither Did the Founder
    2 Years of the ₹2,000 Cr WazirX Hack: The Money Never Came Back. Neither Did the Founder
    The Robinhood Chain Paradox Built for Tokenized Stocks, Dominated by Memecoins
    The Robinhood Chain Paradox: Built for Tokenized Stocks, Dominated by Memecoins
    Senators to Brief Trump on CLARITY Act Path - Here's What to Expect
    Senators to Brief Trump on CLARITY Act Path – Here’s What to Expect
    CLARITY Act 5 Fights Still Unresolved Before the Merged Draft Drops
    CLARITY Act: 5 Fights Still Unresolved Before the Merged Draft Drops
    Strategy's Cash Reserve Shift Reveals Weaknesses in Leveraged Bitcoin Balance Sheet_
    Strategy’s Cash Reserve Shift Reveals Weaknesses in Leveraged Bitcoin Balance Sheet
  • Opinion
    OpinionShow More
    The Execution Gap: Why the Next Breakthrough in Financial AI is Human Behavior
    The Execution Gap: Why the Next Breakthrough in Financial AI is Human Behavior
    The Bitcoin Treasury Blueprint What Stress Testing on Strategy Inc.’s MSTR-STRC Reveals
    The Bitcoin Treasury Blueprint: What Stress Testing on Strategy Inc.’s MSTR-STRC Reveals
    Why Wall Street is Divided Michael Saylor’s Scarcity vs. Tom Lee’s Staking Empire
    Why Wall Street is Divided: Michael Saylor’s Scarcity vs. Tom Lee’s Staking Empire
    The Arthur Hayes Paradox Macro Prophet or Market Opportunist
    The Arthur Hayes Paradox: Macro Prophet or Market Opportunist?
    RBI Denies Gold Sale Amid Oil Crisis: Could It Speed Up India's Digital Rupee Push?
    RBI Denies Gold Sale Amid Oil Crisis: Could It Speed Up India’s Digital Rupee Push?
  • Learn
    • Explained
    • How To
    • Insights
  • Videos
  • More
    • About Us
    • Our Authors
    • Contact Us
    • Editorial Policy
The Crypto TimesThe Crypto Times
  • All News
  • Market
  • Bitcoin
  • Ethereum
  • Altcoins
  • Regulations & Policies
  • Blockchain
  • DeFi
  • Industry
  • Exclusive
  • Opinion
Search
  • News
    • Market
    • Bitcoin
    • Ethereum
    • Altcoins
    • Regulations & Policies
    • Blockchain
    • DeFi
    • Industry
    • Exclusive
    • Opinion
  • Learn
    • Explained
    • How To
    • Insights
  • Quick Links
    • About Us
    • Our Authors
    • Contact Us
    • Editorial Policy
    • AI Policy
    • Sponsored & Advertorial Policy
  • Videos
  • Glossary
Follow US
© 2026 By Crypto Times. All Rights Reserved.
Industry

Florida Recovers Record $5.4M in Crypto From Scam Network

With cooperation from the Marion County Sheriff’s Department, investigators were able to recover the stolen money.

Written By Jahnu Jagtap
Published 2026-04-15·Updated 3 months ago
Make The Crypto Times preferred on GoogleGoogle
Share
Florida Recovers Record $5.4M in Crypto From Scam Network

Key Highlights

  • The Florida cyber fraud unit seized $5.4 million in a single romance scam case, marking its largest recovery to date.
  • Romance scams exploit victims emotionally, often targeting the elderly and resulting in significant cryptocurrency losses.
  • The case highlights how coordination among law enforcement agencies can help track and recover stolen crypto funds.

Florida Attorney General James Uthmeier announced Tuesday that the Office of Statewide Prosecution’s Cyber Fraud Enforcement Unit (CFEU) has recovered $5.4 million in cryptocurrency stolen in a romance scam. This marks the largest recovery achieved by the unit in a single case.

According to the official announcement, the money was taken from the victims who fell prey to a complex romance turned investment scheme. The victims were from six different Florida counties, as well as the state of Massachusetts.

What is romance scam?

A crypto romance scam is an elaborate scheme in which scammers pretend to develop an intimate bond with the victim and convince them to transfer money by using cryptocurrencies, and finally defraud them. 

Such scams often target vulnerable individuals, including the elderly, and can lead to significant financial losses since crypto transactions are typically irreversible.

Transfer of the funds

With the help of the Marion County Sheriff’s Department, investigators were able to recover the stolen money. Around $700,000 will be transferred back to the victims from Florida, while $1.3 million will go to victims from Massachusetts.

This recovery comes after a record-making first fiscal quarter of 2026, where the CFEU recovered $3.3 million in cryptocurrency, comprising 45% of all recoveries conducted by the unit since its establishment two and a half years ago. 

In total, the CFEU has recovered $7.2 million in crypto assets, while at the same time, an additional $12.6 million worth is under litigation. 

Officials vow action on fraud

Attorney General James Uthmeier shared his insights on the development, stating, “Cyber fraud often targets Florida’s seniors, and our office made it a priority to recover as much money as possible from cybercriminals and return it to victims. In a record-breaking partnership with the Marion County Sheriff’s Office, our Cyber Fraud Enforcement Unit is setting the standard for cryptocurrency recovery. We are committed to tracking down these criminals and returning funds to their rightful owners.”

Meanwhile, Billy Woods, Sheriff of Marion County, commented on the recovery, “It truly angers me that there are people in this world that have no problem making victims of citizens in our community. Many times these are senior citizens.”

He further added that “cyber scams and fraud may never go away, but in Marion County and in Florida, we will come after those who choose to do this. My detectives will keep hunting you down, and the attorney general’s office will continue to aggressively prosecute these thieves. Cyber scammers have no place in Florida except behind a cell door.”

Global crackdown

In a separate development, the UK’s National Crime Agency froze more than $12 million in an operation with its international partners, as reported on April 9. The operation identified over 20,000 victims in a large-scale anti-crypto fraud operation. 

The initiative, named Operation Atlantic, was conducted in March 2026 across the UK, US, and Canada.

What it means

The case highlights the growing capability of force as well as challenges victims face due to exposure to social media and the recovery of digital assets. It also shows that the collaboration of state prosecutors and local police can improve outcomes in such cases. 

Although the fact that millions of dollars remain frozen and under litigation shows that full restitution can still be a lengthy process.

Also Read: Polkadot Hack: Attacker Exploits Ethereum Contract and Mints 1B DOT Tokens

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

Follow The Crypto Times on Google News to Stay Updated!      Google News

TAGGED:Crypto Scam
Share This Article
Whatsapp Whatsapp LinkedIn Telegram Copy Link

Latest News

Brian Armstrong's Profile Pic Drama Sends $BRIAN Memecoin Surging and Crashing 90% on Base
Brian Armstrong’s Profile Pic Drama Sends $BRIAN Memecoin Surging and Crashing 90% on Base
France Escalates to ISP Block After Polymarket Ban Fails to Stop Traffic
France Escalates to ISP Block After Polymarket Ban Fails to Stop Traffic
Bitcoin and The Crypto Market Is Defying Gravity Right Now – Here’s Why
Bitcoin and The Crypto Market Is Defying Gravity Right Now – Here’s Why
Fake Crypto Scam in India Panchkula Police Arrest 3 in ₹3.28 Cr Fraud
Fake Crypto Scam in India: Panchkula Police Arrest 3 in ₹3.28 Cr Fraud
2 Years of the ₹2,000 Cr WazirX Hack: The Money Never Came Back. Neither Did the Founder
2 Years of the ₹2,000 Cr WazirX Hack: The Money Never Came Back. Neither Did the Founder

Find Us on Socials

You may also like

FTX Creditors Set for $900M Windfall in Fifth Repayment

FTX Creditors Set for $900M Windfall in Fifth Repayment

FBI Charges Florida Man Over Malware Games That Stole $220K Crypto

FBI Charges Florida Man Over Malware Games That Stole $220K Crypto

Fake KRO Token India’s ED Arrests Three in ₹500 Cr Crypto Scam Probe

Fake KRO Token: India’s ED Arrests Three in ₹500 Cr Crypto Scam Probe

UK Jails Fake Police Gang Behind £4M Crypto Fraud Scheme

UK Jails Fake Police Gang Behind £4M Crypto Fraud Scheme

The Crypto Times Logo PNG

Providing real-time, accurate Crypto reporting. Your trusted source for Crypto News and Research.

Stay Updated

All News
Exclusive
Opinions
Learn
Videos
Glossary

Company

About Us
Our Authors
Editorial Policy
AI Policy
Advertorial Policy

Get In Touch

Contact Us
Career

Find Us on Socials

X-twitter Linkedin Telegram Youtube Instagram

© 2026 The Crypto Times | A BITROCK TECHNOLOGIES L.L.C. Company.

DMCA.com Protection Status
  • Terms and Conditions
  • Disclaimer
  • Privacy Policy
  • Cookie policy
Do Not Sell or Share My Personal Information