Springfield Police Continue to Warn of Cryptocurrency Scams
Springfield, Mass. — The Springfield Police Department continues to warn our residents about cryptocurrency scams. The scams have many different variations, but one in particular directs a person to a cryptocurrency machine to insert and send money to the scammer. If you receive a phone call with someone demanding a payment in cryptocurrency or bitcoin, please hang up.
Below are tips on how to avoid cryptocurrency scams from the Federal Trade Commission (FTC)
Scammers are always finding new ways to steal your money using cryptocurrency. To steer clear of a crypto con, here are some things to know.
Only scammers demand payment in cryptocurrency. No legitimate business is going to demand you send cryptocurrency in advance – not to buy something, and not to protect your money. That’s always a scam.
Only scammers will guarantee profits or big returns. Don’t trust people who promise you can quickly and easily make money in the crypto markets.
Never mix online dating and investment advice. If you meet someone on a dating site or app, and they want to show you how to invest in crypto, or asks you to send them crypto, that’s a scam.
Additional tips can be found by following this link – What To Know About Cryptocurrency and Scams | Consumer Advice (ftc.gov)
