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Hundreds of thousands in crypto scam funds returned to Cobb County victim

COBB COUNTY, Ga. — A Cobb County victim who lost hundreds of thousands of dollars in a cryptocurrency investment scam is getting some of that money back after investigators traced the stolen funds to a crypto exchange.

WSB-TV

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Aug 26, 2026 at 5:12 AM UTC · 2 min read

Hundreds of thousands in crypto scam funds returned to Cobb County victim
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COBB COUNTY, Ga. — A Cobb County victim who lost hundreds of thousands of dollars in a cryptocurrency investment scam is getting some of that money back after investigators traced the stolen funds to a crypto exchange.

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Georgia Attorney General Chris Carr announced that his White Collar and Cyber Crime Unit seized and returned cryptocurrency to the victim following an investigation by the Georgia Bureau of Investigation and Operation Shamrock, a nonprofit that helps victims of cryptocurrency scams.

Investigators said the scam began when the perpetrator contacted the victim on social media, claiming they had mutual acquaintances. After building a relationship with the victim, the person introduced them to what appeared to be a legitimate cryptocurrency investment opportunity.

The victim was directed to a fake crypto trading platform that displayed what appeared to be investment gains. The platform even allowed the victim to make a small withdrawal, helping convince them the investment was legitimate.

The victim eventually deposited hundreds of thousands of dollars.

That’s when the scam fell apart.

The fake platform showed that the victim’s money had been lost, and the perpetrator told the victim the investment was gone.

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