Cryptocurrency Theft and Fraud: Why Civil Remedies Often Fail

As reported by AiCoin, two real-world cases highlight the challenges victims face in seeking civil redress for cryptocurrency theft and fraud. In the first case, a foreign company sent 800,000 USDT to a Chinese employee of a foreign exchange, who then disappeared. Despite efforts to file a criminal complaint, local police initially refused to accept the case. In the second case, a woman lost over 3 million RMB after attempting to convert funds to USDT through a third party, only to be scammed. Although the intermediary was arrested, he was not linked to the main fraud, and civil litigation attempts failed. Legal experts note that civil remedies are often blocked when criminal investigations are ongoing or have concluded without full compensation. Victims are typically left with limited options, including relying on criminal defendants to offer partial repayment for reduced sentences.