Authorities in Missouri warn of rise in cryptocurrency scams against residents
JEFFERSON CITY, Mo. (News-Press NOW) — The Missouri State Highway Patrol is warning residents about a growing number of cryptocurrency scam reports.
The scams frequently target older adults, but other members of the public have been affected, causing significant financial losses. Scammers use social media, email, text messages, dating websites and phone calls to contact victims.
Common warning signs of fraud include:
- Pressure to act quickly or claims that immediate action is required
- Requests for payment in cryptocurrency, gift cards, wire transfers, Bitcoin ATM (or kiosk)
- Unsolicited contact from individuals claiming to represent government agencies, financial institutions, tech support or investment firms
- Promises of guaranteed profits or “risk-free” investment opportunities
- Instructions to keep the transaction secret
- Online relationships that quickly turn into requests for money or investment assistance
- Requests for personal or financial information sent through email, text message, or social media
The Patrol said legitimate government agencies and law enforcement officers do not request payment in cryptocurrency or gift cards. Officials also warned residents never to share digital wallet security information, including seed phrases. Residents should take time to verify requests for money or information and talk with a trusted friend, family member or financial advisor before making financial decisions.
Anyone who believes they have been targeted is encouraged to contact local law enforcement as soon as possible. Officials said prompt reporting improves the chances of recovering stolen funds and prosecuting offenders.
The Patrol also encourages anyone who believes they have been targeted or victimized by a scam to contact the Attorney General’s Consumer Protection Hotline at 800-392-8222 or file a complaint online at the Attorney General's website.
