The FBI has announced an increase in scammers targeting individuals who have lost money to cryptocurrency fraud and scams with a false promise to help recover the funds.
The scammers may reach out via social media or even create online ads posing as recovery services to attract those seeking ways to recover their lost funds. They will ask for fees to complete the recovery process and then cease all communications without delivering results. To add legitimacy to the scam, they may claim an affiliation with a law enforcement agency.
The FBI offers the following tips:
- Be wary of advertisements for cryptocurrency recovery services
- Do not release any personal or financial information to someone who reaches out via social media
- Law enforcement agencies will never require a fee to investigate crimes
Go to ic3.gov/Media/Y2023/PSA230811 to read the full announcement and learn more.
Reporting fraud can help protect others from falling victim. Visit reportfraud.ftc.gov to report incidents and get next steps.
If you ever feel information related to your financial accounts with us has been compromised or if you have provided payment or financial information in response to a scammer, please call directly at 800.922.6872 so that we can assist you with protecting your accounts.