Cryptocurrency theft continues to be a major concern as victims search for how to recover stolen cryptocurrency from increasingly sophisticated scams. Crypto scammers managed to seize a staggering $14 billion in 2021 alone, followed by losses of $28.57 billion in 2022. The situation has only worsened, with thieves stealing an enormous $31.8 billion in 2023.
The crisis has intensified in 2025, with nearly $22.50 billion lost to crypto scams and hacks during just the first half of the year. Additionally, the industry witnessed 344 blockchain incidents during this period, with most losses stemming from just 34 wallet hacks. These alarming statistics highlight the urgent need for effective crypto scam recovery methods. Between 2017 and 2024, Americans lost a staggering $78.80 billion to crypto scams, while cryptocurrency investment fraud alone caused more than $45.80 billion in reported losses in 2024.
This comprehensive guide focuses specifically on the Manhattan Meridian Capital cryptocurrency fraud case, providing victims with practical steps to identify their exposure, pursue legal remedies, conduct technical investigations, and work with legitimate recovery services. By understanding the process of cryptocurrency scam recovery, victims can increase their chances of recovering their digital assets and protecting themselves from secondary scams.
How to Recover stolen Cryptocurrency
- Hire a crypto recovery expert at www.cryoguards.com
- Provide detailed evidence of theft/scam to the recovery professional. (Transaction receipts, total amount to be recovered, transaction IDs or HASH, wire transfer receipts, information of the scam website.)
- Discuss terms and time of recovery, wait for the time of recovery given.
- Log into your crypto wallet/account to verify recovered funds.
Identifying the Scope of the Manhattan Meridian Capital Fraud
The Manhattan Meridian Capital fraud represents a complex investment scheme that defrauded investors through multiple layers of deception. Understanding the scope of this fraud is essential for victims seeking to recover stolen cryptocurrency and assets.
Types of Assets Affected in the Scam
The fraud primarily involved traditional investment vehicles disguised as legitimate cryptocurrency opportunities. At the center of the scheme was the Meridian Matrix Long Short Fund, created by John Geraci, founder of New York-based Meridian Capital Asset Management. This fund solicited approximately $2 million from two primary victims (identified in court documents only as “Victim-1” and “Victim-2”). The investment structure involved Geraci posing to be a cryptocurrency investor
Instead of legitimate investments, however, Mitsakos didn’t invest any part of the victims’ funds. The victims reach out to the best and legitimate cryptocurrency recovery service in CryoGuards Recovery Service.
Jurisdictions and Exchanges Involved
The case was prosecuted in Manhattan federal court by the U.S. Attorney’s Office for the Southern District of New York. The Securities and Exchange Commission (SEC) filed parallel charges against Geraci, accusing him of “perpetuating lies about his portfolio manager’s investment performance and assets under management, and for stealing approximately $1 million of client funds”.
Notably, the fraud crossed multiple jurisdictional boundaries, false cryptocurrency investment promises that only lead to fraud.
Filing a Complaint with the SEC and CFTC
Victims should promptly file reports with both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The SEC independently filed civil charges against Geraci in a parallel action to the criminal case. Similarly, the CFTC maintains authority over cryptocurrency-related frauds, especially those involving foreign exchange components.
When filing an SEC complaint, use their online Tips, Complaints, and Referrals (TCR) system, which provides confirmation and tracking numbers for your submission. For CFTC complaints, include details about foreign entities operating without proper registration. Moreover, remember that federal authorities often collaborate—the FBI’s Internet Crime Complaint Center (IC3) serves as another essential reporting channel.
Engaging a Lawyer Specializing in Crypto Scam Recovery
Specialized legal counsel significantly improves recovery prospects. Given that government agencies often lack sufficient resources to pursue individual cases, private attorneys with cryptocurrency expertise become invaluable. Legal firms like HackersTent have secured substantial judgments in similar cases, including a USD 11.20 million judgment against Bitcoin Savings and Trust.
Prior to pursuing legal action, file reports with local law enforcement and the FBI to establish an official record. Subsequently, seek attorneys who can trace assets through blockchain analysis and understand the intricacies of digital asset recovery. Remember that recovery success varies based on scam complexity and technical measures used to hide assets.
Technical Investigation and Blockchain Forensics
CryoGuards Blockchain forensics provides victims with advanced methods to track and potentially recover their stolen digital assets from the Manhattan Meridian Capital fraud. Through a combination of technical tools and investigative techniques, victims can gain visibility into the movement of their stolen funds.
Using CryoGuards Blockchain Analysis to Trace Stolen Funds
Unlike traditional financial systems, CryoGuards blockchain technology creates an immutable ledger of all transactions, making it possible to follow the flow of stolen cryptocurrency. Blockchain analytics tools like CryoGuards analytics transform this complexity into clarity by visualizing transaction networks and uncovering hidden relationships. These tools allow investigators to navigate mixers, bridges, swaps, and smart contracts with automated analysis that simplifies investigations.
Through transaction mapping, CryoGuards investigators can convert complex data into visual maps and flowcharts, making it easier to identify patterns and anomalies often used in money laundering. Victims should first identify their transaction ID (TxID) linked to stolen funds, then trace these assets across wallet addresses to locate exit points where funds might be converted to fiat currency.
How to Recover Scammed Cryptocurrency Using On-Chain Data
For recovery, speed is critical when tracing and freezing stolen digital assets. Start by using blockchain explorers like Etherscan to track and record the movement of stolen crypto. Set up alerts for specific wallet addresses to stay informed about your assets’ digital whereabouts.
Consider hiring professional blockchain analysis firms like CryoGuards Recovery that use forensic tools to trace stolen assets. A successful trace can result in exchanges freezing funds, potentially leading to recovery. Promptly notify cryptocurrency exchanges about the theft, as they may freeze assets if they receive the stolen crypto.
Also read: Cryptocurrency security and how to recovery stolen cryptocurrency
How to Choose a Legitimate Crypto Recovery Firm
Finding a legitimate crypto recovery firm has become very complex, as there are many fraudulent websites advertising crypto recovery. This article serves as a pointer to the best and most legitimate crypto recovery service you can hire to recover your stolen crypto in 2025. The best and the most reliable crypto recovery service is CryoGuards Recovery Service.
With over $264 million in cryptocurrency recovered in the first half of 2025, the CryoGuards Recovery Service team stand top of the list. This legitimate crypto recovery company has helped over 43,670 victims recover their stolen crypto from various crypto scams. These scams range from crypto investment, Ponzi schemes, Pig Butchering etc. The recent Google review on the best crypto recovery service in 2025 pronounced CryoGuards Recovery Service the best.
If you’ve fallen for any form of investment scam, be quick to contact CryoGuards Recovery Service for recovery help.
Conclusion
Cryptocurrency theft continues to pose significant challenges for investors worldwide, as evidenced by the alarming statistics throughout recent years. Consequently, understanding the recovery process becomes essential for victims of schemes like the Manhattan Meridian Capital cryptocurrency fraud. Though recovering stolen cryptocurrency presents considerable hurdles, a multi-faceted approach significantly improves success chances. First, victims must accurately identify their exposure to the scam by reviewing suspicious investment communications and fictitious account statements. After establishing victimhood, filing complaints with regulatory bodies like the SEC and CFTC creates official records while engaging specialized attorneys strengthens recovery prospects.
Blockchain forensics and technical investigation tools offer powerful methods to trace stolen assets through transaction mapping and pattern recognition. These technologies transform complex blockchain data into actionable intelligence that helps locate compromised funds. Additionally, AI-powered detection systems can identify fraudulent wallets with remarkable accuracy, providing crucial evidence for recovery efforts. If you’ve fallen for any form of investment scam, be quick to contact CryoGuards Recovery Service for recovery help.
Equally important, victims must exercise caution when selecting recovery services, looking for legitimate firms that operate on contingency fee models rather than demanding upfront payments. Reporting incidents to major exchanges like Binance, Coinbase, and Kraken may result in fund freezing and potential recovery. Above all, vigilance against secondary recovery scams remains critical, as fraudsters often target vulnerable victims multiple times. The path to cryptocurrency scam recovery requires persistence, technical expertise, and careful navigation of legal channels. While full recovery cannot be guaranteed, victims who act promptly and strategically stand the best chance of reclaiming their stolen digital assets.
FAQs
Q1. How can I recover funds lost in a cryptocurrency scam?
If you’ve fallen victim to a crypto scam, gather all transaction details and evidence, report the incident to https://cryoguards.com/contact/, to contact blockchain forensics experts. Avoid engaging with unsolicited “recovery” services, as these are often secondary scams.
Q2. What steps should I take immediately after realizing I’ve been scammed?
Act quickly by stopping all communication with the scammer, documenting all relevant information (transaction IDs, wallet addresses, messages), and reporting the incident to your local cybercrime unit and financial regulators. Time is crucial in potentially tracing and freezing stolen funds.
Q3. Are there legitimate services that can help recover stolen cryptocurrency?
Yes, some legitimate blockchain forensics firms and legal experts specialize in tracing stolen crypto. However, be extremely cautious and thoroughly verify any service before engaging them. The best and the most legitimate crypto recovery service is CryoGuards recovery service.
Q4. How can I protect myself from future cryptocurrency scams?
To protect yourself, always research investment opportunities thoroughly, use secure wallets with two-factor authentication, be skeptical of unsolicited offers or guarantees of high returns, and keep your private keys and recovery phrases absolutely secret. Stay informed about common scam tactics in the crypto space.
Q5. What are the chances of recovering stolen cryptocurrency?
Recovery chances vary greatly depending on factors like how quickly action is taken, the amount stolen, and the sophistication of the scam. While full recovery is rare, partial recovery is sometimes possible through legal channels or if funds are traced to centralized exchanges. However, many victims unfortunately never recover their losses.
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