Crypto
Law enforcement warns about the dangers of crypto scammers
KANSAS CITY, Mo. (KCTV) – An increasing number of people in the metro have been cheated out of their money through cryptocurrency scams. Scammers can get you even if you don’t use it.
Cryptocurrency scams have stolen billions worldwide and can snatch up your savings, too. Now, law enforcement has stepped up their game to help you stop it.
With a Bitcoin ATM at his gas station, Alfredo Antolin has seen many times firsthand, how people come to make transactions after they have received a phone call but don’t realize they have been scammed.
“I try to tell all the employees in there if they’re older and they’re on the phone, please check in with them,” Antolin said. “And make sure that they’re doing it on their own. That they know what they’re doing and they have their own account and they’re not pushing it to someone else’s.”
In 2023, the Federal Reserve Estimated 18 million adults in America used cryptocurrency, a 3% drop compared to the year before. Now in Clay County, Prosecutor Zach Thompson has seen a rise in scam cases.
“Scammers will direct investors to an online investing platform with the promise of a giant return when in fact they’re actually just stealing that person’s money,” Thompson explained. “The second type of scam, someone will call up their victim and pressure them to pay their bill with cryptocurrency.”
Lately, law enforcement has also seen thieves and drug dealers use digital assets to hide their dark money from the law. Now, investigators have gotten new training to track it down.
“It’s going to go over the basics of cryptocurrency so investigators can recognize potential evidence when they’re out in the field,” Thompson said.
Brian Karman led the course. And wants the public to know they can help you. So, never be afraid to report it.
“We have to take that report, we have to get that into the hands of the detective,” Karman said. “So, we can track those stolen funds and recoup those losses.”
Investigators notice more young people fall for scams like this than the elderly. If you do get involved, they advise you to use U.S.-based crypto companies which have more oversight.
Copyright 2024 KCTV. All rights reserved.
Item 1 of 2 Representations of the Bitcoin cryptocurrency are seen in this picture illustration taken June 7, 2021. REUTERS/Edgar Su/Illustration
Set to launch on November 24, the trading will be available to accredited and institutional investors, SGX said in a statement.
Sign up here.
Perpetual futures are derivatives that allow traders to bet on asset prices without an expiry date and offer round-the-clock access and high leverage, making them a popular choice in fast-moving markets.
Investors and traders typically use derivatives to hedge risk, amplify returns or speculate on price movements without owning the underlying asset.
Crypto assets were on a tear for much of this year, buoyed by hopes of greater regulatory easing and clarity globally and renewed risk appetite.
Bitcoin reached a record high in October, but its rally has since stalled owing to dampened risk appetite as investors worry about the outlook for Federal Reserve rate cuts and a weakening U.S. economy.
Reporting by Rae Wee; Editing by Jamie Freed
Our Standards: The Thomson Reuters Trust Principles.
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