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SCAM ALERT: TBI Shares Warning Signs of Cryptocurrency Scams | Local news

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The TBI shares warning signs of scams involving cryptocurrency to prevent you from becoming the next victim.

The TBI says scammers demand cryptocurrency because the transactions are irreversible.

The TBI says it is important to know the warning signs to not only protect yourself but all Tennessee residents. The TBI says stolen money is harder to recover and strengthens criminal enterprises, putting more people at risk.

The TBI has published the following warning signs of cryptocurrency scams:

  • Have you been told that you have a computer virus or other problem with your computer and that you need to send cryptocurrency to fix it?
  • Have you been told you won a prize or giveaway, but that you have to send cryptocurrency to receive it?
  • Is someone blackmailing you, claiming to have compromising information, such as photos or videos, and asking you to send cryptocurrency?
  • Are you in a relationship with someone you’ve never met who asks you to send cryptocurrency?
  • Has anyone promised big monetary gains by investing in cryptocurrency?
  • Has someone claiming to represent a government agency or law enforcement department called and asked you to send cryptocurrency to satisfy a warrant, a fine, or to post bail for a relative in jail or prison?
  • Are you on the phone with someone you don’t know who is explaining to you how and where to send cryptocurrency?

You can find more information from TBI onlineby calling 615-744-4000 or via by sending an email. You can also call local law enforcement.

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