The Federal Bureau of Investigation (FBI) has issued an announcement to inform the public of an emerging criminal tactic used to further defraud cryptocurrency scam victims.

Using social media or other messaging platforms, fraudsters posing as lawyers representing fictitious law firms may contact scam victims and offer their services, claiming to have the authorization to investigate fund recovery cases. To validate the contact, the “lawyers” claim they are working with, or have received information on, the scam victim’s case from the FBI, Consumer Financial Protection Bureau (CFPB), or other government agency. In some instances, scam victims have contacted fraudsters on fake websites, which appear legitimate, hoping to recover their funds.

What to Look For:

  • Be wary of advertisements for cryptocurrency recovery services. Research the advertised company and beware if the company uses vague language, has a minimal online presence, and makes promises regarding an ability to recover funds.
  • If an unknown individual contacts you and claims to be able to recover stolen cryptocurrency, do not release any financial or personal identifying information and do not send money.
  • Law enforcement does not charge victims a fee for investigating crimes. If someone claims an affiliation with the FBI, contact your local FBI field office to confirm.

Additional Resources