Scammers Target Cryptocurrency Holders with Fake IRS Letters

• •Scammers are sending fake IRS letters to cryptocurrency holders.
• •The letters direct victims to a fraudulent website mimicking IRS.gov.
• •The IRS has confirmed it does not operate a Digital Asset Compliance Portal.

Fraudsters are sending counterfeit IRS letters to cryptocurrency holders, urging them to register for a non-existent 'Digital Asset Compliance Portal.' The letters, which mimic official IRS communications, instruct recipients to scan a QR code that leads to a fraudulent website designed to steal personal information and digital assets. The IRS has confirmed that it does not operate such a portal and warns individuals not to respond to these letters. The scam exploits the increasing frequency of IRS communications regarding cryptocurrency tax reporting, making the letters appear more credible. Investigations by Coinbase and DarkTower revealed that the fraudulent domain was registered shortly before the letters were mailed, indicating a coordinated attack. Victims are advised to change passwords and report any suspicious activity to law enforcement.