California lets fraud victims reclaim seized crypto without a conviction
- —US crypto fraud losses hit $11.4 billion in 2025 out of $20.9 billion in total online fraud
- —SB 1208 allows courts to return seized assets without a criminal conviction
- —California prosecutors have shut over 100 fraud sites tied to at least $8.3 million in losses
- —Bonta flagged AI deepfakes, fake liquidity mining and malicious smart contracts as top schemes
Why it matters: The restitution mechanism could become a template for other states and raise the cost of crypto fraud.
Source: TokenPost
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