California is capping crypto ATM transactions and fees along with creating new licensing requirements for digital financial asset businesses.
Jim Meduri answered a terrifying phone call in January from a man pretending to be his son. The caller, who sounded on the verge of tears, said he’d been in a car accident. Meduri was convinced his son had been arrested for driving under the influence and injuring a pregnant woman and her daughter.
The exchange complied with a search warrant, allowing her team to retrieve the stolen funds from Binance and return them to Meduri. While it’s possible for cryptocurrency victims to get their money back even if it travels overseas, West said it’s rare. Some cryptocurrency exchanges are more cooperative with law enforcement than others, she said.
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