After a crypto scam, stolen funds are usually moved very quickly rather than kept in a single wallet. Scammers typically transfer the assets through multiple new wallet addresses to break the visible link to the original victim transaction.

They often split the funds into smaller amounts and send them through layered transactions to make tracing more difficult. In many cases, the crypto is swapped into different tokens or moved across multiple blockchains using decentralized exchanges and cross-chain bridges.

Some attackers also use mixing or obfuscation services to blend stolen funds with other transaction flows and hide ownership patterns. Eventually, they attempt to cash out through exchanges, peer-to-peer platforms, or intermediaries, converting crypto into usable value.

Even though these movements are designed to hide the trail, blockchain records remain permanent, which means transaction paths can still be analyzed later — but the chances of useful tracing are generally higher when the incident is reviewed as early as possible.