Bogus Law Firms Prey on Crypto Scam Victims: FBI Issues Warning

The FBI has cautioned the public about the emergence of sham law firms targeting victims of cryptocurrency scams. These fraudulent entities lure victims with fabricated recovery services, demanding upfront fees before vanishing with their money. The agency advises individuals who have lost funds to crypto scams to report the incident to the FBI’s Internet Crime Complaint Center. Victims should furnish as much detail as possible about the scam, including contact information for the perpetrators and any pertinent documentation. The FBI urges victims to be wary of anyone offering to recover lost funds in exchange for an initial fee, as this is a common tactic used by scammers. Individuals should also verify the legitimacy of any law firm before paying any money or sharing personal information. This can be done by contacting the local bar association or conducting a thorough online search. Furthermore, victims can take steps to protect themselves from future scams by exercising caution with online investments and avoiding sharing personal information with unknown individuals or organizations.