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Scam artists are posing as IRS agents to drain crypto wallets

July 31, 2026
in Accounting
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Scam artists are posing as IRS agents to drain crypto wallets
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Scammers are impersonating the IRS to drain crypto accounts and steal identities, using official-looking letters to bypass digital defenses, the agency’s criminal investigation unit warned. 

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Paper notices that include QR codes are leading recipients to a spoofed Internal Revenue Service website, the agency said in a Thursday press release. The scheme directs crypto holders to enroll in a non-existent Digital Asset Compliance Portal before a deadline, then prompts them to enter personal information.

“Criminals continue to exploit public trust in government agencies by creating convincing fake websites and official-looking correspondence,” IRS Criminal Investigation Chief Jarod Koopman said.

The infrastructure supporting the campaign was set up just days before the letters were sent out and used a domain listed through a Hong Kong registrar, the investigators said. 

The look-alike website was hosted in Romania on a network “already known for hosting FedEx and banking phishing pages,” signaling that it is a “professional, international fraud operation,” according to a Coinbase Security blog post that details the scheme.

The warning comes as cyber crime is surging, with the FBI casting crypto and AI-related complaints as among the costliest. 

In 2025, Americans lost over $11 billion to crypto-related scams, marking a 22% increase from the previous year, according to the FBI Internet Crime Report. The average loss was $62,604, with more than 18,000 reports of theft greater than $100,000. 

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