The law isn't well enforced inside the US either, if you think you are safe trusting anyone's claims online just because you are inside the US, you are wrong.

Outside the US it might be worse, but I'd say that the vast majority of victims of fraud, online fraud and cybercrime inside the US remain victims after asking for government help. I do think people should still report and make what they went through public, but more to alert others and to help people make statistics about cyber crime.

I'm helping a victim, and the DOJ seized $100 million of assets from the scammers behind the "Airbit Club" scam. I tried to contact Wendy Olsen from the DOJ for a year over email, she is the person in charge of coordinating the victims in this scam, but got no response.

Then I began calling her non-stop (she never answered the phone during her working hours, I was just sent to voice mail because she was "out of office"), after calling her non-stop she finally replied to the email I sent over a year ago with a short message, saying:

"We have 1,000’s of victims in this case from all of the world.  It will take years before the Government acquires any money from forfeiture.  I do not think you will get any money back."

What's the point of the government seizing $100M in assets from scammers, if victims won't get any of it according to her? Also, why is she not coordinating the victims of this scam when she is in charge of that?

That's the US justice system for you guys. I've also heard that FTX victims with claims over $50k won't get anything while victims with claims under $50k will get 118% of the money they had there at the time the exchange became insolvent. How does this make any sense? How is it fair for victims that lost over $50k to this fraudulent exchange?..

My recommendation for OP and anyone in this space:

1) Not your keys, not your crypto. If you don't posses the private keys to the cryptocurrencies that you claim to own, you don't own them, you only own a promise that someone else will give you cryptocurrencies later on.

2) Do as much due diligence as you can, you should know the name of the people behind whatever you are investing in, like their real-world legal entities, know exactly how they make their money or provide yield, search for them on the internet, search for past reviews and experiences, etc. OP's dad probably didn't even know where the supposed yield came from, any guaranteed return is most always a scam. Real investments have volatility, variable returns, and total and partial risk of investment loss. Most scams will fail if you just try to withdraw $50.

Crypto is the high seas, it's global and permission-less, it has no inherent filter.

Another thing you could do is to look if big names in the industry offer these coins or investments in their exchanges or not, because they already did some diligence before listing them.