Ohio recovers 3.6% of a $1.1M crypto scam. Investor: "I can do it again."
An Ohio investor lost $1.1 million to a crypto scam. The state's Bureau of Criminal Investigation clawed back $40,000 - 3.6%. His response: he can do it again. Lil'memers, we buil...
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An Ohio investor lost $1.1 million to a crypto scam. The state's Bureau of Criminal Investigation clawed back $40,000 - 3.6%. His response: he can do it again. Lil'memers, we built this differently: mint + freeze authority revoked, LP locked at launch. Nothing to lose twice.
The real news
The story, straight
An Ohio investor lost $1.1 million to a crypto scam. The state's Bureau of Criminal Investigation recovered $40,000, about 3.6% of the damage.
The investor's reported reaction: he can do it again.
The absurd
Why this is ridiculous
The state clawed back 3.6% of the loss. That is a recovery rate that makes the recovery the punchline.
The breakdown
How it breaks down
The real number in this story is the 3.6%, and it belongs in the prevention budget. The lesson: a clawback proves the crime was possible in reverse only once.
The upside
Why it could matter
The upside is that the $40,000 came back, and the investigators' work is the reason it did. The lesson: the recovery story is a prevention line item waiting for a budget.
Sources
Not all is lost for crypto scam victims in Ohio (News5 Cleveland)
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