Cryptocurrency scams have become a major threat to the digital economy, with fraudsters using sophisticated tactics to steal billions. While recovering stolen cryptocurrency was once thought impossible due to its speed and anonymity on blockchain platforms, recent years have witnessed significant advancements in combating these crimes. collaborations between law enforcement, governments, and crypto companies are yielding positive results. Over $300 million in stolen funds has been frozen through joint efforts across multiple countries. 2024 saw the T3 FCU initiative, spearheaded by TRON, Tether, and TRM Labs, achieve success in freezing over $250 million worth of assets across various nations. This project successfully tackled both large-scale scams and smaller but harmful schemes. For example, it blocked $6 million linked to romance scams and pig butchering fraud. 2024 also saw Chainalysis spearhead efforts to recover stolen cryptocurrency through its partnership with law enforcement agencies. Chainalysis’ work led to the identification of over $74 million in confirmed losses and the freezing of related illicit funds. This global initiative involved collaborations between agencies like the Ontario Provincial Police and the BC Securities Commission, uncovering numerous crypto wallets associated with fraudsters across a range of nations. 2025 has brought about increased sophistication in criminal tactics as fraudsters leverage tools such as AI, deepfake videos, and long-term scamming strategies to exploit victims financially. The losses have already reached billions of dollars for the year. Despite these challenges, coordinated efforts between law enforcement agencies, blockchain analytics companies, and cryptocurrency businesses continue to be a key weapon in combating crypto-related crime.