🚨 FBI Warns of Fake ‘Crypto Recovery Law Firms’

[cryptoenthusiast]

The FBI has issued a new public service announcement warning that scammers are now posing as law firms to prey on victims of previous crypto scams.

According to the bureau:

️ These fictitious firms target individuals already scammed out of crypto.

🪪 Victims risk further theft + data compromise if they share personal info.

Red flag: firms demanding payment in crypto or prepaid gift cards.

The notice builds on similar FBI warnings from Aug 2023 and Jun 2024, showing this scam tactic continues to evolve.

FBI’s Advice

Be wary of unsolicited contacts offering to recover stolen crypto.

Avoid any “law firm” that requests unusual payment methods.

Report scams only through official law enforcement channels.

Bigger Picture

As crypto adoption grows, scammers increasingly target victims twice — first with a fraudulent investment, then again with fake recovery services. The FBI is urging the public to stay alert, especially as recovery scams become more sophisticated.

Question for the community:
Should law enforcement work with verified crypto recovery specialists to give victims a safe path — or is the “we’ll get your coins back” industry doomed to be 90% scams?

[jacson4]

This is such an important PSA. The cruelest part of these scams is that they prey on people who’ve already lost money once. Hitting victims twice not only wipes out what little hope they had left, but it also makes the entire space look even more hostile to newcomers.

I actually think law enforcement should consider partnerships with vetted recovery specialists. Yes, the industry is shady right now, but there are forensic tools, chain analytics, and legit firms that do work with exchanges and regulators to trace stolen funds. If the FBI or local agencies could certify and oversee certain recovery providers, it would give victims a safe route instead of leaving them vulnerable to predators.

Crypto is too big to ignore — pretending recovery services shouldn’t exist just leaves a vacuum for scammers to fill.

[Nahid10]

The sad truth is that the “crypto recovery” industry is basically a scam factory. Most of these so-called firms do little more than collect upfront fees or demand payment in crypto/gift cards, and victims never see a dime back. Even with blockchain forensics, actually retrieving funds usually requires cooperation from exchanges or law enforcement — not some random website promising miracles.

I think law enforcement is right to urge people to avoid unsolicited recovery offers. At best, they’re a waste of time and money. At worst, they compromise your personal data and put you in more danger. The real solution isn’t creating a parallel recovery industry — it’s better education, stricter enforcement, and building more safeguards into exchanges and wallets so victims don’t lose funds in the first place.