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Fact #17 TacticsPsychology

$9.9 millionreported lost by crypto-scam victims approached by fake recovery law firms

Between February 2023 and February 2024, crypto-scam victims who were then approached by fictitious law firms offering to recover their money reported losses of over $9.9 million to the FBI.

Operators claim to work with the FBI, but the FBI says no law firm is an official partner of a US government agency, and law enforcement does not charge victims a fee. They often quote the exact amounts and dates of earlier transfers. Figures are unverified allegations.

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Source: FBI Internet Crime Complaint Center · FBI Internet Crime Complaint Center. Read more: crypto recovery scam · case file

Sources

  1. Fictitious Law Firms Targeting Cryptocurrency Scam Victims Offering to Recover Funds. FBI Internet Crime Complaint Center. Accessed 2026-09-06. Supports: The $9.9 million figure for February 2023 to February 2024; the government-affiliation claims.
  2. Increase in Companies Falsely Claiming an Ability to Recover Funds Lost in Cryptocurrency Investment Scams. FBI Internet Crime Complaint Center. Accessed 2026-09-06. Supports: The original warning; that recovery firms cannot issue seizure orders; that law enforcement charges no fee.