Security News > 2023 > August > FBI warns of increasing cryptocurrency recovery scams
The FBI is warning of an increase in scammers pretending to be recovery companies that can help victims of cryptocurrency investment scams recover lost assets.
"Representatives of fraudulent businesses claiming to provide cryptocurrency tracing and promising an ability to recover lost funds may contact victims directly on social media or messaging platforms," reads the FBI notice.
While social media, especially Twitter, has been attempting to crack down on these scams, they are still plagued by cryptocurrency support and recovery scams.
Today, BleepingComputer tweeted a fake request for help recovering lost cryptocurrency and was immediately flooded with responses from bots promoting cryptocurrency support and recovery scams.
To protect yourself against these fraudulent companies or individual scammers, do not trust cryptocurrency recovery services promoted via internet ads, comments, and social media.
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