The U.S. Federal Bureau of Investigation (FBI) warned that criminals are using couriers to collect money from victims of cryptocurrency investment scams, also known as
pig butchering or romance baiting.
Such scams usually start with the fraudsters reaching out to their targets via social media, dating sites, and messaging apps, building trust, and then luring victims into fake investment schemes. However, instead of investing their funds, the scammers will steal the money by moving it into accounts under their control.
The warning came in the form of a public service announcement published on Monday, in which the law enforcement agency said that scammers are pushing targets toward in-person cash pickups (in some cases claiming a victim's account has been "flagged") after legitimate financial institutions block suspicious money transfers.
The dispatched couriers identify themselves using an agreed-upon password or a specific dollar bill serial number. After the pickup, victims see a simulated increase in their virtual wallet balance and attempt to withdraw their winnings, but the scammers restart the cycle and demand even more cash for fraudulent taxes and penalties, again collected through couriers.
"Once victims obtain cash and inform the primary scammer they have the funds, the scammer arranges to send couriers to retrieve the cash at victims' homes or public locations. Scammers provide victims with a U.S. dollar bill serial number or another form of code/password," the
FBI said.
"When the courier arrives, they show the victim the dollar bill or provide the agreed-upon password to authenticate the courier's affiliation with the scammer."
The law enforcement agency advised people to research cryptocurrency platforms before investing, not to share their home addresses or deliver cash to unknown individuals, to stop all contact following unsolicited wrong-number communications, and to be alert to "love bombing," an extremely effective manipulation technique used to quickly build false trust with a target.
Victims are urged to immediately
file a complaint with the FBI and include as much information as possible, including the criminals' names, methods of communication, and bank accounts used in the scam.
Two years ago, the
FBI also warned that couriers were being used to collect cash in various other scams, including, but not limited to, tech support and government impersonation scams.
The FBI's
2025 Internet Crime Report said that U.S. victims lost nearly $21 billion to cyber-enabled crimes last year, noting that investment scams accounted for 49% of all scam-related incidents and resulted in $8.6 billion in losses.
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<small>Source: Bleeping Computer</small>
