The FBI has repeated calls urging members of the public not to fall for cryptocurrency investment schemes, after claiming that scammers are using couriers to bypass bank checks.

Financial institutions are increasingly capable of spotting and blocking suspicious fund transfers made by victims to crypto-investment scammers, noted a Public Service Announcement (PSA) on July 15.

However, the fraudsters are adapting.

“Scammers inform victims in-person cash pickups are required to continue investing with the fraudulent investment firm or to pay purported fines to withdraw their investments,” the FBI noted. “Alternatively, the fraudulent cryptocurrency exchange may inform victims their account has been ‘flagged,’ allowing the…