Crypto Scam Surge: Fraudsters Use Fake IRS Letters to Steal Investor Information

Crypto scams are now being carried out through physical mail. On Thursday, Bloomberg reported that the U.S. Internal Revenue Service (IRS) warned investors about this new type of crypto scam. Criminals are mailing physical letters directing taxpayers to register on a fake “Digital Asset Compliance Portal” to steal their funds and personal data. The agency clarified that no such platform exists and recommended avoiding scanning QR codes or taking suspicious calls.

This modus operandi using physical mail represents an evolution in attacks against the crypto industry, joining the growing volume of hacks that surpassed $1 billion in the first half of 2026. As the IRS’s tax oversight of digital assets becomes increasingly common, attackers are taking advantage of users’ familiarity with tax notices to create a sense of urgency and deceive victims.

In light of this scenario, all holders are advised to ignore unsolicited mail and verify any notification directly on the official IRS website. As a next step, investors should maximize their wallet security measures and avoid sharing credentials or private information under any circumstances.

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