Crypto scammers are increasingly exploiting trusted institutions like the FBI to deceive users, using fake Tron-based tokens and urgent messaging to steal sensitive data while losses across digital asset fraud surge into the billions.
FBI Issues Warning Raising Alarm Over Expanding Crypto Scam Threat
The Federal Bureau of Investigation (FBI) New York field office warned of a deceptive Tron-based token on March 19 tied to impersonation tactics aimed at extracting sensitive user data. The alert highlights growing risks from fraudulent schemes exploiting official identity in blockchain environments.
Authorities described on X how the fraudulent token presents itself, including a message stating: “FBI message: Verify your identity now: fbiamlform.org Your wallet is under investigation. To avoid a total block on your assets, complete the AML verification process immediately via our website.” FBI New York said:
“FBI New York encourages users of the Tron blockchain network to exercise caution if they encounter a token purported to be from the FBI.”
The advisory outlined strict cautions against interacting with any related websites or links tied to the token. FBI New York said, “If you receive a token from an account with the details below, do not provide any identifying information to any website associated with such token.” The agency emphasized that it does not distribute tokens or request identity verification through blockchain-based channels.

Crypto Scam Losses Climb as AI and DeFi Exploits Expand
Broader enforcement data highlights expanding risks tied to digital asset fraud and evolving attack methods. According to FBI crime reports for 2025 and 2026, estimated losses linked to crypto-related scams reached about $17 billion, driven by multiple vectors. Crypto ATM fraud accounted for more than $333 million in 2025, often involving impersonators posing as officials to direct victims toward kiosk deposits.
AI-assisted “pig butchering” operations have scaled significantly, with deepfake-enabled interactions increasing profitability by a factor of 4.5 compared to traditional approaches. In parallel, nearly 97% of stolen crypto has been traced to decentralized finance platforms, frequently linked to exploitable smart contract vulnerabilities.
Finally, officials outlined response steps for affected individuals and reiterated preventative guidance for the public. FBI New York said:
“If you have received this ‘FBI token’ and provided your information on their site, please file a report at http://ic3.gov.”
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