Thanks and I am very appreciate for you providing this information. You brought up a good a point about that my loss was Ponzi scheme or not. Based on my attorney said that there is a Safe-Harbor Tax Relief for Ponzi Scheme Losses¹ for USA taxpayers. A Ponzi scheme is defined as an investment fraud where the schemer uses invested money to create fake investment returns. Shazhupan / Pig-Butchering Scams can be categorized as Ponzi Schemes. So my case was Pig-Butchering.
