The FBI has issued a warning about scams that use text messages and phone calls for cryptocurrency payments, which have led to significant financial losses nationwide.
Warning About Cryptocurrency Scams
The FBI has issued a warning about scams involving text messages and cryptocurrency ATMs. These schemes are aimed at deceiving citizens through false communications, and authorities strongly advise victims not to respond or send cryptocurrency.
Financial Losses from Scams
Reports indicate significant financial losses, with frequent demands for Bitcoin as payment. These scams exploit the anonymity of cryptocurrency ATMs, making it difficult to reverse fraudulent transactions and leaving victims vulnerable to substantial financial harm.
Expert Advice on Preventing Fraud
Experts note that such scams often impersonate the FBI and other agencies, demanding payments in cryptocurrencies or gift cards. Financial losses are often unrecovered unless authorities intervene promptly.
The FBI emphasizes the importance of public awareness regarding these scams and the need for caution in response to unsolicited financial requests.
