The FBI issued an alert warning about crypto scam artists impersonating crypto exchanges to steal victims’ funds. The scam begins with unsolicited phone calls or messages from someone claiming to be an employee at a crypto exchange. The fraudster then deceives the victim by claiming their account is compromised and asking for log-in information, clicking on links, or providing identification information. This allows the scammer to access the victim’s account and steal their funds. The FBI advises potential targets to avoid clicking links, downloading attachments, or answering calls from suspected scammers, and to verify any account issues by calling the exchange directly.
Cryptocurrency scams are now the most risky type of scam in the country, with 80% of victims losing money in 2023 alone. The FBI has previously warned about North Korea’s state-sponsored crypto-hacking malware group, Lazarus Group, which has stolen billions worth of digital assets. The group is behind various high-profile hacks, such as the Alphapo hacking, Coinspaid theft, and Atomic Wallet theft, all occurring in June 2023. The FBI’s latest alert did not identify any specific scammers, and it is unclear if the Lazarus Group is connected to these new scams. Victims of crypto scams are advised to contact the FBI’s International Crime Complaint Center.
The FBI urges potential targets of the digital asset scheme to verify any account issues by calling the exchange directly and not to respond to unsolicited calls or messages, even if they appear official. If faced with a suspicious call, the agency advises hanging up immediately and not using any phone number provided by the caller. The warning comes as part of ongoing efforts to combat cybercrime in the cryptocurrency space and protect investors from falling victim to scams. The FBI’s alert aims to raise awareness about the increasing prevalence of crypto scams and provide guidance on how to avoid becoming a victim.
Crypto scams involve fraudsters impersonating cryptocurrency exchange employees to deceive victims into providing sensitive information that allows access to their accounts and funds. The FBI’s advisory highlights the risks associated with engaging with unsolicited communication from suspected scammers and emphasizes the importance of verifying any account issues directly with the exchange. The agency warns that falling victim to a crypto scam can result in financial losses and advises individuals to report any suspicious activity to the FBI for further investigation. By raising awareness about the tactics used by crypto scammers, the FBI aims to protect investors and prevent further losses in the cryptocurrency space.
The prevalence of crypto scams has made them a significant threat to individuals and businesses involved in the cryptocurrency industry. With the rise of digital assets as a popular investment option, scammers have increasingly targeted unsuspecting victims to steal funds through fraudulent schemes. The FBI’s alert serves as a reminder of the importance of staying vigilant and taking precautions to protect personal information and assets from cybercriminals. By staying informed about the latest tactics used by scammers and reporting any suspicious activity to authorities, individuals can help combat crypto fraud and prevent financial losses. The FBI’s efforts to educate the public about the risks of engaging with suspicious communication and to provide guidance on how to avoid falling victim to scams are crucial steps in safeguarding against cyber threats in the digital asset space.
Overall, the FBI’s alert on crypto scams highlights the ongoing challenges posed by cybercriminals targeting individuals through fraudulent schemes in the cryptocurrency industry. By raising awareness about the tactics used by scammers and providing guidance on how to protect against such threats, the agency aims to empower individuals to safeguard their personal information and financial assets. The FBI’s efforts to combat crypto fraud and protect investors from falling victim to scams are an integral part of its broader mission to address cyber threats and ensure the security of digital assets. By staying informed, taking precautions, and reporting any suspicious activity, individuals can contribute to the fight against crypto scams and help create a more secure environment for all participants in the cryptocurrency space.
