FBI Warns About Bitcoin And Crypto Scams Amidst Global Crisis

The global crisis triggered by the coronavirus pandemic is becoming more and more severe. After the healthcare systems all over the world have been severely hit, the economies are also suffering.

A recession is expected, and the traditional finance is shaking pretty hard these days.

During such times, which will probably turn out to be the biggest disaster that we’ll be experiencing during our generation, it seems that Bitcoin and cryptos have been gaining popularity with more people showing interest in the crypto industry.

Bitcoin is still seen as a safe haven even though the crypto market fell pretty significantly back in March.

At the moment of writing this article, the crypto market looks good and the most important coin out there is trading in the green. BTC is priced at $7,143.87.

FBI issues alert to warn people of scams

The FBI just issued an alert to people and warned that Bitcoin and crypt scammers are working hard to find new ways to setal your funds and take advantage of the coronavirus pandemic.

According to a news release that’s been published by the US agency on Monday, people should watch out for the following: potential work-from-home scams, investment scams, threatening emails or letters and efforts to lure customers into buying non-existent treatment or equipment, as reported by the online publication the Daily Hodl.

“Developments in cryptocurrency technology and an increasing number of businesses accepting it as payment have driven the growing popularity and accessibility of cryptocurrency. There are not only numerous virtual asset service providers online but also thousands of cryptocurrency kiosks located throughout the world which are exploited by criminals to facilitate their schemes…” according to official notes.

FBI’s notes continue and highlight that “Although there are legitimate charities, investment platforms, and e-commerce sites that accept payment in cryptocurrency, pressure to use a virtual currency should be considered a significant red flag.”


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CoinMarketCap

CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.

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Andreas Townsend Author

I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.

1748 Articles

Top Exchanges
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CEX.IO

3

Website

Icon
Coinbase

2

Website

Icon
Binance

1

Website

Top Casinos
Icon
7bitcasino

4.20

Website

Icon
BitStarz

4.93

Website

Icon
FortuneJack

4.55

Website

Top Sportsbook
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1xBit

4.03

Website

Icon
Nitrogen Sports

4.73

Website

Icon
SportBet.io

4.60

Website

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