The FBI has released a new warning regarding fraudulent schemes associated with crypto recovery services targeting scam victims. These schemes often require upfront payments and may collect personal information.
FBI Issues Renewed Warning
The FBI reports a growing number of scams involving so-called 'crypto recovery services'. Fake law firms are approaching individuals who have already lost money due to crypto fraud, promising to recover stolen funds, but actually seeking to steal even more money. In its alerts, the FBI urges citizens to be cautious of unsolicited outreach from supposed legal representatives and states that such schemes often demand upfront payments in cryptocurrency or gift cards.
'Be cautious of law firms contacting you unexpectedly, especially if you have not reported the crime to law enforcement or civil agencies,' the bureau emphasizes.
Seized Crypto May Bolster U.S. Holdings
The scale of crypto-related losses remains severe. Blockchain security firm CertiK reported that $2.5 billion was lost to hacks, exploits, and scams in the first half of 2025 alone. While some victims recover funds through exchanges or official channels, many are left vulnerable to secondary frauds when seeking help. The FBI plays a central role in investigating and prosecuting crypto-related crimes, including asset seizures. U.S. Treasury Secretary Scott Bessent recently confirmed that confiscated digital assets could be directed into the national crypto reserves after compensating victims. Examples of such cases include the seizure of $2.4 million worth of Bitcoin linked to a suspected hacker by the Dallas FBI.
Risks of Digital Assets
However, the risks associated with digital assets extend beyond financial fraud. Authorities have documented a troubling trend of criminals resorting to physical threats. Reports of kidnappings targeting crypto holders to force them to transfer assets or pay ransom have emerged worldwide. SatoshiLabs founder Alena Vranova estimates that at least one Bitcoin investor is targeted in this way each week. The FBI's latest advisory serves as both a warning and a call for vigilance. Victims of crypto scams are urged to report incidents directly to official agencies rather than relying on unsolicited offers of help.
The FBI emphasizes that the path to recovering lost crypto does not run through cold calls and shady promises. With cybercrime techniques evolving and the stakes for digital wealth rising, vigilance remains paramount.
