FBI Warns Crypto Scam Victims of Fake Law Firms

FBI Issues Alert on Crypto Recovery Scams

The U.S. Federal Bureau of Investigation (FBI) has released a public service announcement cautioning crypto scam victims about a new threat: fictitious law firms targeting those who have already lost funds. These scams put individuals at further risk of data compromise and additional financial losses.

The FBI advises extreme caution when dealing with unsolicited offers of assistance, especially from firms demanding payment in cryptocurrency or prepaid gift cards. This warning updates previous alerts issued in August 2023 and June 2024.

"Be cautious of law firms contacting you unexpectedly, especially if you have not reported the crime to any law enforcement or civil protection agencies," the FBI stated.

The Cost of Crypto Crime

Data from CertiK indicates that approximately $2.5 billion in crypto was lost in the first half of 2025 due to hacks, exploits, and scams. While some exchanges or companies manage to recover funds, many victims are left to fend for themselves.

FBI Crypto Seizures and National Stockpile

The FBI frequently leads investigations into crypto-related crimes, including scams and fraud. U.S. Treasury Secretary Scott Bessent noted that digital assets seized by authorities may be added to the national crypto or Bitcoin (BTC) reserve after victims are compensated.

In April, the Dallas FBI seized $2.4 million in BTC allegedly linked to a hacking group. A lawsuit was filed in July to claim these funds.

Emerging Threats: Kidnapping and Extortion

Beyond scams, more alarming crimes are impacting crypto holders. SatoshiLabs founder Alena Vranova estimated that roughly one crypto user is kidnapped each week, globally, in attempts to steal digital assets or demand ransom.