TBA Law Blog


Posted by: Stacey Shrader Joslin on Jul 1, 2024

The Federal Bureau of Investigation (FBI) has issued a new warning for lawyers and law firms to be on the lookout for cybercriminals offering fake legal services to recover digital assets. Victims have reported losses totaling nearly $10 million in the last year. In one scam, a potential victim receives notification that a criminal investigation is pending against them for failure to report possession of a cryptocurrency to an anti-money laundering regulator. The consumer is then offered a settlement to avoid a criminal conviction and sent a link to pay. Experts say most victims will pay the fine and not tell anyone about it. Read more in a public service announcement from the bureau.