A new fraud tactic is emerging, with con artists posing as lawyers to target cryptocurrency scam victims. They exploit desperation by promising to recover lost funds, using elaborate ruses like fabricated government partnerships and forged documents.

Sophisticated tactics, including fake websites and staged WhatsApp chats, pressure people into paying additional fees.

The US Federal Bureau of Investigation has issued a warning about the scam. Fake law firms use detailed knowledge of a victim's prior losses to appear credible, knowing the exact amounts and dates of fraudulent transactions.

The scheme often escalates when victims are directed to deposit money into what appear to be foreign bank accounts, which are sophisticated facades designed to steal more funds.

The FBI recommends a 'Zero Trust' approach to combat fraud. Any unsolicited recovery offer should be met with immediate scepticism. A major red flag is if a representative refuses to appear on camera or provide their licensing details.

The bureau also advises keeping detailed records of all interactions, like emails and video calls, as documentation could prove invaluable for investigators.