The FBI has released a warning about scams involving cryptocurrency and fraudulent law firms that may put victims at risk.
Crypto Recovery Scams
The FBI has highlighted the emergence of fraudulent entities posing as law firms specializing in cryptocurrency recovery. These organizations target victims who have already lost funds, potentially exacerbating their situation by exposing personal information and risking further financial losses.
Key Advice from the FBI
In its new advisory, the FBI urges caution against unsolicited offers from so-called cryptocurrency recovery law firms, particularly for those who have not reported their losses to law enforcement. The agency recommends against making payments for services in cryptocurrencies or prepaid gift cards.
Increase in Cryptocurrency Crimes
According to blockchain security firm CertiK, approximately $2.5 billion in cryptocurrency thefts occurred in the first half of 2025. The rise in thefts and scams is linked to an increase in criminal activities, including kidnappings targeting cryptocurrency holders.
The FBI advises individuals to remain vigilant and verify all legal offers related to cryptocurrency recovery. Direct contact with authorities can help avoid further losses.
