Home CryptocurrencyAltcoin Florida government warns of auto-guarantee scammers asking for crypto payments

Florida government warns of auto-guarantee scammers asking for crypto payments

by SuperiorInvest

The Florida Department of Agriculture and Consumer Services (FDACS) has issued a warning that it is sharing knowledge to identify auto robocall scam marketing guarantees that include asking to pay for services through gift cards and cryptocurrencies.

Consumer complaints against the rise of robocall scams — where fraudsters use pre-recorded calls to market and sell fraudulent services — led the enforcement agency to order phone companies to avoid operating robocalls.

Regardless of the methods used by scammers to contact potential victims, FDACS reporter highlighted five red flags that indicate fraud.

Five red flags for identifying scams. Source: fdacs.gov

Highlighting some of the payment methods scammers often recommend, the notice reads:

“Payment type: If you are asked to pay with a gift card or cryptocurrency, this is a scam.”

In addition to asking Floridians to refrain from making crypto payments, FDACS reiterated that no government officials will ask for personal information such as their Social Security number or credit card numbers, adding that “only fraudsters will ask for one of these kinds of payments, and once you send the money, you probably won’t get it back.”

Although the reporter mentioned the impossibility of tracing crypto funds from hackers, numerous corporations, including Velodrome and Curve Financethey have successfully recovered stolen funds – thanks to their immutable nature blockchain technology.

Related: US Lawmakers Call on Mark Zuckerberg to Address ‘Fredding Ground’ for Crypto Scams: Report

On September 5, US Congressman Brad Sherman – a well-known crypto-skeptic – acknowledged the rapid growth of the crypto ecosystem and argued that banning cryptocurrencies is no longer the answer.

Sherman said that political donations and crypto lobbying make a blanket ban on cryptocurrencies impossible, adding that:

“We didn’t ban it in the beginning because we didn’t realize it was important, and we didn’t ban it now because there’s too much money and power behind it.”

Most lawmakers, including Sherman, favor implementing strict regulatory policies regarding cryptocurrencies.

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