Attorney General Kwame Raoul today encouraged Illinoisans who have lost money to cryptocurrency fraud and scams to report the incident to law enforcement and be cautious of so-called “recovery” services.
“It’s important that victims of cryptocurrency scams act quickly to report the incident,” Raoul said. “Under a new Illinois law, victims who used a crypto ATM may be able to obtain a refund. Regardless of whether you used a crypto ATM, giving a complete and accurate report to the authorities allows law enforcement to work on your behalf and can potentially lead to you recovering money if the scammers are caught.”