California resident Nivie Kaul, who lost more than $8 million in a 2022 crypto scam, traced part of the stolen funds to Turkey and filed a lawsuit. A Turkish court ordered the seizure of a wallet in 2023 containing more than $100 million in crypto assets, enough to cover her losses.
Before Turkish authorities began distribution proceedings, U.S. law enforcement launched an operation called “Big Tuna” targeting a suspected scam compound in the Philippines. The operation took control of the wallet and other crypto assets totaling $225 million, creating uncertainty over ownership of the seized funds and victim compensation.
Crypto Scam Victim Faces U.S. Enforcement Dispute Over Seized Wallet
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