Home Bitcoin News Bitcoin Scam FBI warns northeast Ohioans of Bitcoin scams – Spectrum News 1

FBI warns northeast Ohioans of Bitcoin scams – Spectrum News 1

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CLEVELAND — The FBI and the Cuyahoga County Division of Shopper Affairs issued an alert on Tuesday to northeast Ohio companies to be looking out for Bitcoin ATM scams.

The Division of Shopper Affairs and FBI are sending alert indicators to shops which have Bitcoin ATMs. Authorities are asking for companies to show these indicators in a “noticeable place or close to the ATM.”

The FBI and Division of Shopper Affairs stated that scammers are posing as utilities, police or authorities businesses to scare individuals into sending Bitcoins. 

Cleveland Police stated it has solely garnered one report of Bitcoin scams, but it surely’s unclear if scams of those nature are going unreported.

An FBI spokesperson shared a couple of examples of Bitcoin scams. Amongst them, scammers have known as victims pretending to be from the Social Safety Administration, claiming that the sufferer’s Social Safety quantity was utilized in a criminal offense. The scammer will request fee from the sufferer as a way to resolve the scenario.

Different situations have concerned scammers claiming to be a part of a police division and that the sufferer or a relative is on an inventory to be arrested. The sufferer is then directed to a Bitcoin ATM to switch funds to resolve the scenario.

“Training and prevention are the perfect instruments to keep away from being a sufferer of a monetary rip-off,” stated Bryan P. Smith, the FBI’s assistant particular agent in cost. “Know-how makes the world a a lot smaller place and fraudsters might be anyplace. It’s crucial for shoppers to confirm monetary transactions previous to sending cash in any kind, together with digital foreign money. Be financially protected, study extra earlier than sending.

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