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Scammers ask for crypto payments, and Florida’s authorities warn individuals

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.


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The Florida Department of Agriculture and Consumer Services (FDACS) released a warning outlining tips for identifying spam text scams marketing auto warranty claims, which incorporate being inquired to purchase services with gift certificates and virtual currencies.

Complaints about rising robocall frauds, in which scammers use pretaped calls and texts to promote and sell deceitful services, prompted the Enforcement Bureau to request that telecommunications companies stop carrying automated phone traffic. The FDACS publication identified five tip-offs that suggest a scam despite how scammers notify possible targets.

The announcement emphasizes the importance of being cautious about transaction methods frequently recommended by scam artists. It states that it is fraudulent if you’re requested to pay with a rewards card or virtual currency.

Furthermore, to request that Florida citizens avoid making cryptocurrency transactions, the FDACS reaffirmed that no public officials would request personal details like Social Security and numbers for credit cards. They also stated that only fraudsters would necessitate one of these types of payments, and then once you transfer the funds, you will most likely not receive them back.

A ban is no longer sufficient

Despite the newsletter’s claim that hunting down crypto resources from cybercriminals is impossible, numerous companies, such as Curve Finance and Velodrome, have finally recovered seized assets thanks to the unchangeable nature of distributed ledger technology.

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The absence of confidence among venture capitalists is due to the reality that numerous cryptocurrency platforms have lately suspended fund withdrawals while concealing their inability to deliver on promised initial output earnings to users.

On September 5, well-known virtual currencies denialist Brad Sherman, a US Congressman, recognized the fast expansion of the virtual currency environment, claiming that prohibiting virtual currencies were no longer an alternative.

According to Sherman, a complete ban on digital currencies is unthinkable due to political campaign contributions and virtual currency lobby groups. He went on to say that they did not ban them at first because they did not recognize how much was indeed, and they wouldn’t ban them now due to the excessive money and influence behind it.

Most members of congress, including Sherman, support strict virtual currency regulatory frameworks.

Inside a July warning, the FBI aimed at virtual currency frauds, alerting the general population about apps that employ the same emblems and identifying details as reputable businesses to cheat the system. Many unknowing consumers have also become victims of Youtube and Twitter frauds involving hacked profiles, copycat internet sites, and bogus virtual currency developments and airdrops.

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