The FBI has finally started to take serious action. The $11 billion scam hole definitely needs to be plugged, but recovering $500 million versus a $20.9 billion loss—this ratio leaves people with mixed feelings.

Crypto界网消息，FBI主管Kash Patel表示，FBI will crack down hard on cryptocurrency scams, last year the US suffered a record $20.9 billion in losses from cybercrime, with over half of the losses, amounting to $11 billion, related to cryptocurrency scams. The FBI has successfully frozen over 3,000 illegal cryptocurrency wallets, recovering more than $500 million in losses. The FBI plans to expand asset recovery and tracking efforts to protect investors, especially the elderly, who are the most vulnerable group.