Connecticut state police recover $63,500 in cryptocurrency scam – Newport Dispatch

MERIDEN — Connecticut State Police and the Statewide Prosecution Bureau successfully returned more than $63,500 to the victim of a cryptocurrency scam, officials announced Wednesday.

The recovery stems from a complaint received in April by the Connecticut State Police Statewide Organized Crime Investigative Task Force and Cryptocurrency Working Group.

A Cheshire resident reported losing over $68,000 worth of cryptocurrency after falling victim to a phishing scheme involving an unsolicited offer for new tokens.

CSP detectives used blockchain analytics to trace the stolen funds to the suspect’s digital wallet, which still contained most of the cryptocurrency.

Authorities seized more than $63,500 worth of the stolen funds using appropriate legal measures.

A motion for the return of seized property to the rightful owner was filed at Meriden Superior Court.

The investigation, which is ongoing, has identified multiple victims across the United States.

The CSP Cryptocurrency Working Group urged residents to avoid engaging with unsolicited offers for cash, cryptocurrency, or investments from unknown sources.

They advised against sharing personal or financial information with individuals contacting via text message, phone call, email, or social media.

Potential fraud victims are encouraged to contact [email protected].