FBI Issues New Bitcoin And Crypto ‘Red Flag’ Fraud Alert

It’s an easy lure. Attackers use “social media and other messaging platforms,” to pose as lawyers, offering to help anyone who has lost crypto to scams recover their funds. These fake lawyers claim to have case files from the FBI and other agencies. Victims are then defrauded again, with more money lost to these malicious recovery schemes.

The bureau first warned about this scam in 2023 and then again in 2024. Now there’s a third public advisory, which “provides additional red flag indicators and due diligence measures to help victims who have been in contact with fictitious law firms.”

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