A new crypto scam is making the rounds, and this time it is impersonating law enforcement. The FBI has warned that a fake token circulating on the Tron network is posing as an official agency asset in an attempt to trick users.

Victims receive a token labeled with the FBI name and seal, along with a message claiming their wallet is “under investigation.” The scam then pressures users to complete a fake anti-money laundering check to avoid having their assets frozen. The goal is straightforward: steal personal information.

This story is an excerpt from the Unchained Daily newsletter.

The FBI is urging users to ignore these messages and avoid submitting any identifying data. Anyone who may have interacted with the scam is being directed to the bureau’s Internet Crime Complaint Center.

The warning comes as crypto fraud remains a massive problem. The FBI said it received more than 140,000 complaints tied to crypto scams in 2024, resulting in $9.3 billion in losses.

As crypto grows, scam tactics are becoming more polished, and messages designed to create fear and urgency remain one of the industry’s easiest traps.