Victims urged to avoid unsolicited “crypto recovery” offers as losses top $2.5 billion in 2025
The Federal Bureau of Investigation (FBI) has issued a fresh warning to cryptocurrency scam victims, cautioning against fictitious law firms claiming they can help recover stolen digital assets. The bureau says these fraudulent operations are preying on individuals already hit by crypto scams, risking further loss of funds and personal data.
In its latest public service announcement, the FBI highlighted that these entities often approach victims directly, posing as lawyers or “crypto recovery specialists.” Many request payments in cryptocurrency or prepaid gift cards — a red flag indicating potential fraud.
“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 advised.
Repeat Warnings Amid Rising Crypto Crime Losses
The update follows similar FBI alerts issued in August 2023 and June 2024, underscoring the persistence of the threat. According to blockchain security firm CertiK, crypto-related hacks, exploits, and scams have already caused $2.5 billion in losses in the first half of 2025 alone.
While some victims recover funds through legitimate exchange reimbursements or law enforcement action, many turn to private services — a gap scammers are exploiting.
Cybersecurity experts warn that once victims share personal documents or wallet details with fraudulent firms, the damage can extend beyond the original theft.
FBI’s Role in Crypto Asset Seizures
The FBI remains a central player in crypto-related investigations and asset recoveries. US Treasury Secretary Scott Bessent recently confirmed that any seized digital assets will contribute to the national cryptocurrency and Bitcoin reserve after victims are compensated.
In April, the Dallas FBI seized $2.4 million in Bitcoin tied to an alleged hacking group member. Federal prosecutors filed a claim for the funds in July.
Criminal Threats Escalate Beyond Online Scams
Some crimes have gone far beyond digital theft. SatoshiLabs founder Alena Vranova estimated that at least one Bitcoin holder globally is targeted each week in cases involving kidnapping or ransom demands.
The FBI’s message remains clear: verify all legal or recovery service claims directly with law enforcement before sharing personal information or funds.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.