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Scams telling you to pay with Bitcoin on the rise

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At first, scammers tried to get you to wire them money. Then, they demanded payment with gift cards. Now, scammers are luring people into paying them with Bitcoin – a type of digital money or cryptocurrency. Read on to learn how to spot and avoid some of the top ways scammers are trying to get you to pay with Bitcoin.

1. Blackmail Scam. Someone says they know about an alleged affair, or something else embarrassing to you, and demands payments with Bitcoin or another cryptocurrency in exchange for keeping quiet. This scammers might use threats, intimidation, and high-pressure tactics to get you to pay right away. But, as we wrote in this blog post, that’s not only a scam, but also a criminal extortion attempt. Report it to the local police, the FBI, and the FTC at ftc.gov/complaint.

2. Online Chain Referral Schemes. This type of scam works like a chain letter: someone promises that you’ll make money if you pay into the scheme. But, in a twist, these scammers say you have to use cryptocurrency to pay for the right to recruit other people into the chain…so that you’ll then be rewarded with more cryptocurrency. Except you won’t. Instead, you’re guaranteed to lose money.

3. Bogus Investment and Business Opportunities. Someone might offer you investment and business opportunities that promise to make you big money, or give you financial freedom. But remember, only a scammer will guarantee that you will make money — in dollars or in cryptocurrency.

For more tips on avoiding scams, check out How to Avoid a Scam. Spot a cryptocurrency scam? Tell us at ftc.gov/complaint.

Comments

I got befriended bu someone on a game site now he keeps asking me to send him bit coin am I being scammed

From past few days one person stated he is Lee Min Ho actor and talking to me. All of a sudden today he said in Miles Seoul he cannot recharge bitcoin and asked me to purchase for $300. Then I got doubt being such celebrity why he would ask for bitcoin recharge.

Have anyone got scammed using Easy Bitcoin miners? After investigating your BTC for them to mine, you are suppose to make a substantial amount of money by investing with their company. I found out for first time investors, which I was very unaware of, that you have to pay their antminer fee and maintenance fee in order to have your funds release. The amount they want is absurd and their asking you pay in bitcoins. Should they be reported?

Hi everyone does anyone know of a laura palmer or stanley jack on telegram? Are they scammers? I already gave out at least $1000 USD. I would love to have it back if ever they are scammers. Theh told me that they will do the trading and give me my profit. I need help

I too have a similar spam email, demanding money of 1650 usd to transfer in Bitcoin account 1L6XxPRuLIdr6JCqw8dwNUm1wFLisrGREL, please suggest should I bother about this threat or can I ignore it just like all other spam emails

Oh dear God. Was this TradeFullOptions and a Collins or Scott?

Is it a scam if someone offers to make you $3,000 in 24 hrs with Bitcoin?

I was told they have been watching me and they will send videos to people. I was scared but didn't pay them with bitcoin like them asked.

Did anything ever happen?8 I will admit that freaked me out bc I’m in long distance relationship and I actually do own some bitcoin lol but 1000... no way... I thought maybe is compromised somehow. I’ve been meaning to get a new phone n I wonder if that would resolve it
I reported to fbi but police wouldn’t take it

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