California AG Bonta Warns of Crypto Scam Tactics and Launches Victim Recovery Resources, Oct. 19, 2026
California Attorney General Rob Bonta's office on Monday, October 19, 2026, released consumer guidance on cryptocurrency fraud and steps victims can take to recover lost money. The alert warns residents to avoid crypto ATMs entirely and to report any scam involving them. It highlights generative AI, voice clones, and deepfake videos used to impersonate relatives or public figures, as well as "liquidity mining" schemes in which a malicious smart contract drains a victim's real wallet. It also flags a follow-on risk: people already robbed may be targeted by impostors posing as "blockchain recovery experts" or law enforcement who demand an upfront fee to retrieve the money.