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The Internal Revenue Service is warning cryptocurrency holders that fraudsters are sending counterfeit agency letters in an attempt to steal digital assets or personal data, Bloomberg reported.
The scheme targets a group that has grown more familiar with genuine IRS correspondence, as the agency requires taxpayers to disclose cryptocurrency activity on their returns.
Fraudsters exploit a shift in IRS-to-holder contact IRS contact with crypto holders has increased in recent years.
The agency requires taxpayers to disclose digital asset activity, and that mandate has produced a steady stream of official correspondence that recipients have come to expect.
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