FBI warns that fake “crypto recovery” law firms are scamming scam victims for even more money.
These scam Crypto Law Firms are deceiving victims into paying extra funds and even giving out their details, and overnight, they are in an even worse spot than they were before.
The FBI issued a new public alert, warning that criminals pose as legal experts or “crypto recovery law firms” to defraud victims. The scammers promise to restore your stolen crypto assets, but their true goal is to steal them.
The bureau raised this warning based on other alerts it released in August 2023 and June 2024. The scammers’ request for cryptocurrency payments or prepaid gift cards also raises serious concerns.
The FBI’s advice? Be cautious if:
Blockchain security company CertiK reported that hackers, scammers, and exploiters stole about $2.5 billion worth of crypto in the first half of 2025. As many exchanges or companies restore stolen funds, some of them leave many victims to their own devices. That’s when scammers step in, pretending to be the solution.
When the FBI seizes digital assets linked to criminal activity, victims get their compensation first, and any leftover funds go toward the U.S. national crypto stockpile. In April, Dallas FBI agents seized $2.4 million in Bitcoin that belonged to a hacking group, but authorities have not yet taken it up legally.
The embedded tweet could not be found…
Online fraud is not the only form of crypto crime. These criminals have even gone as far as kidnapping crypto holders and demanding ransom in some extreme cases. Alena Vranova, the founder of SatoshiLabs, estimated that scammers target at least one new Bitcoiner globally every week.
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted risk tolerance levels of the writer/reviewers, and their risk tolerance may differ from yours. We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd.
Bitcoin holds near $79,000 after gaining 23% in a week while XRP, Zcash, Solana and Ether pull back as traders lock in profits.
BTC
XRP’s 44% weekly rally has brought leverage back into the derivatives market, with Binance’s estimated leverage ratio reaching its highest level since January.
Solana briefly touched $102 for the first time since February as the broader crypto market rallied. Here are three key factors driving SOL’s latest recovery and the levels traders are watching next.
SOLI find it quite concerning tbh. In 2025 so far we have witnessed: - Biggest hack ever (ByBit, 1.465b) - Biggest hack due to smart contract vulnerability exploit (Cetus, 223m) - Biggest theft of single individual (elderly US individual, 330.7m) - Biggest rug pull ($LIBRA, Show more
daaayummm Half way through 2025 — $3.1B lost in Crypto 😿 - The biggest hack ever - Largest smart contract exploit - Worst DeFi quarter in years - The first Uniswap V4 breach. hacken.ghost.io/content/files/…
