Remote Job Scammers Stole $2M in Crypto from New York Job Seekers

New York state official targets alleged fraudsters who siphoned millions in cryptocurrency through fake employment scheme

  • New York Attorney General files lawsuit to recover $2 million in stolen cryptocurrency.
  • Scammers targeted New Yorkers with fake job opportunities via text messages.
  • Victims were manipulated into creating crypto accounts and depositing funds.
  • Fraudsters used counterfeit websites mimicking legitimate brands.
  • Legal action aims to protect vulnerable residents from employment-related crypto fraud.

Employment Scam Targets New York Crypto Users

New York Attorney General Letitia James has filed legal action to recover over $2 million in cryptocurrency from fraudsters who exploited job seekers through an elaborate remote work scheme. The announcement came on January 9, 2025, as authorities move to combat rising cryptocurrency-related employment fraud.

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Deceptive Recruitment Tactics

The scammers initiated contact through text messages, offering what appeared to be legitimate remote work positions. According to the official statement from the Attorney General’s office, victims received messages promising flexible employment opportunities with attractive compensation packages.

James stated: "Scammers sent text messages to New Yorkers promising them good-paying, flexible jobs only to trick them into purchasing cryptocurrency and then stealing it from them."

Sophisticated Deception Methods

The fraudsters created sophisticated replicas of established brand websites to appear legitimate. Victims were instructed to:

  • Create cryptocurrency accounts
  • Deposit funds into these accounts
  • Conduct product reviews on fraudulent platforms

This case represents a growing trend in cryptocurrency-related employment fraud, where criminals exploit the increasing demand for remote work opportunities. In 2024, similar schemes resulted in over $100 million in losses across the United States, according to blockchain analytics firm data.

The Attorney General’s office advises New York residents to verify job offers through official company channels and exercise caution when cryptocurrency investments are required for employment opportunities.

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