SPRINGFIELD — The Springfield Police Department continues to caution residents about bitcoin and cryptocurrency scams.
The department notes that several variations of these scams are circulating.
One common scheme involves instructing individuals to use a cryptocurrency machine to send money to scammers.
Residents receiving calls demanding payment in cryptocurrency or bitcoin are advised to hang up immediately.
The Federal Trade Commission provides tips to avoid falling victim to such scams.
Key warnings include never sending cryptocurrency to anyone demanding payment, as legitimate businesses do not operate that way.
Additionally, the FTC advises skepticism of anyone promising guaranteed profits or large returns in cryptocurrency investments.
Furthermore, combining online dating and investment advice is discouraged.
If someone met through a dating site or app offers investment guidance or requests cryptocurrency, it may be a scam.
