Cryptocurrency scams are on the rise. Here’s how to protect yourself

HENRICO COUNTY, Va. (WRIC) — Cryptocurrency scams are on the rise. The Henrico County Police Division has some tips to help you protect yourself.

In a recent Facebook post, officials provided the following guidance on how to avoid getting scammed:

• Only scammers ask for cryptocurrency. Legitimate businesses and government agencies will never ask for cryptocurrency as payment,
• Never send crypto to someone you haven’t met in person. Scammers commonly pretend to be someone they’re not. Make sure you truly know and trust someone before you send them cryptocurrency.
• All cryptocurrency payments are final. Once you send someone cryptocurrency, there’s no reversing the transaction — something scammers know and take advantage of.
• If they ask for cryptocurrency, hang up. If someone calls, texts, emails or contacts you on social media to pressure you into sending them cryptocurrency, it’s a scam. Hang up or delete the message.
• Stay suspicious. Slow down and don’t let scammers push you to act quickly. Trust your instincts — if something seems too good to be true, it probably is.

You can report any suspicious activity to the Henrico County Police Division by calling 804-501-5000. You can also file a report online here.