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Cryptocurrency News Articles

Colorado Authorities Warn of Bitcoin Scam

Oct 11, 2024 at 03:05 am

Criminals prey on our fear of being in trouble with the law. I would agree that if you haven't done anything wrong, you shouldn't be worried, but it happens. That fear plays into the latest scam Colorado is seeing; as well as technology.

Colorado Authorities Warn of Bitcoin Scam

Criminals are targeting Coloradans with a new scam that could cost them thousands of dollars.

According to the Douglas County Sheriff's Office (DCSO), two recent incidents involved people being scammed out of money using Bitcoin.

In one case, the victim was contacted by someone claiming to be with law enforcement, who said there was a warrant for the victim's arrest. The caller instructed the victim to put money into a Bitcoin machine to clear the warrant. The victim realized it was a scam and reported it to the DCSO.

In another incident, the victim was scammed out of several thousand dollars after being contacted about an "investment." The victim moved a large sum of money out of their bank account and deposited it into a Bitcoin ATM, only to later discover the investment was a fraud.

The DCSO is warning Coloradans to be aware of these scams and to make informed decisions, not based on pressure or emotions.

Anyone who believes they have been the victim of a scam is urged to contact their local law enforcement agency and report the incident.

News source:retro1025.com

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Other articles published on Nov 23, 2024