Be Aware of Bitcoin Scams

We couldn’t let January move on without another scam activity alert! We have recently seen Bitcoin being used in multiple scams where thousands of dollars have been lost to these scamsters. Bitcoin is a peer-to-peer electronic cash system. There are Bitcoin ATM’s in Northern Colorado where you can take cash and deposit it into a Bitcoin wallet. Scammers are using this method of payment when scamming you – because if you deposit into their Bitcoin wallet – you cannot get it back nor can it be traced to the scammer. If someone asks you to pay with Bitcoin – it is a scam. Even if they identify as government agents, law enforcement, US Postal Service – it is a scam.

Scams

Additionally – the same is true if someone wants you to pay over the phone using any cash app like Venmo, Zelle, or they want you to buy gift/money cards or wire transfer to pay — it is a scam.

And one other point to remember – if you get a call or voice mail that indicates you should press a number to be removed from their call list – just hang up and don’t hit any button.

Let’s hope we roll into February without any more scam alerts. Here’s wishing you a wonderful weekend! Keep watching out for these creeps that want to lighten your assets.

Stay safe and keep sending me scams you are hearing about.

Visit our website to learn more about scams at Larimer County Sheriff’s Office Scams.

Barbara EJ Bennett, MBA
Sheriff’s Auxiliary/Crime Prevention Unit Coordinator , CCPS
Threat Liaison Officer (TLO)

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