Coinbase's team, partnering with US Secret Service and UK NCA, froze $12M from approval phishing scams in just one week, identifying over 20,000 victims via blockchain tech.

According to ZachXBT, the current fee structure for recovering stolen cryptocurrency funds is impractical due to prolonged case durations and uncontrollable external factors. The recovery process can take months or even years, involving extensive hours with uncertain outcomes. Factors such as the jurisdictions of both victim and scammer, as well as the efficiency of law enforcement, significantly influence the success of fund recovery. Stolen funds may also be spent, complicating retrieval efforts further. This analysis suggests traders should be cautious and aware of these challenges when considering fund recovery services.