The cryptocurrency boom has attracted scammers looking to steal money, with a new trend targeting victims of previous crypto scams by posing as fake law firms.
These fraudsters pretend to be lawyers specializing in recovering funds lost to crypto schemes and claim to work with organizations like the FBI or Consumer Financial Protection Bureau.
Victims are lured in with promises of recovering stolen assets, only to be asked for personal banking information, payments for services, or other fees before the scammers disappear.
The FBI warns that this secondary round of scamming has resulted in approximately $9 million stolen from victims between February 2023 and 2024.
While it is possible for law enforcement to track and recover cryptocurrency in some cases, most victims of crypto scams have limited legal recourse against the scammers.
It’s important for individuals to be cautious of unsolicited messages from supposed law firms on social media and to verify the legitimacy of any recovery services before providing any personal information or payments.
If you have fallen victim to a cryptocurrency scam, it is recommended to report the incident to the appropriate authorities and seek guidance from legitimate legal professionals to explore potential avenues for recovery.
