No matter how con artists reach out to potential victims. The FDACS bulletin highlighted five warning signs. That can help people spot and avoid fraud. In a warning, the Florida Department of Agriculture and Consumer Services (FDACS) shared information. On how to spot robocall scams that promote auto warranties. And ask victims to pay using gift cards and crypto payments.
The Enforcement Bureau issued an order requiring phone carriers to stop carrying robocall traffic. In response to consumer complaints about the rising number of robocall scams. In which con artists utilize pre-recorded calls to advertise and sell fraudulent services.
Furthermore, the FDACS bulletin listed five warning signs of fraud. Though, regardless of how con artists reach out to potential victims. The notification emphasized a few of the standard payment options frequently suggested by con artists. “Payment Type: If you are asked to pay with a gift card or cryptocurrency, it’s a scam.”
The FDACS urged Floridians to abstain from sending crypto payments and emphasized that no official from the government would request personal information. Like a person’s Social Security or credit card numbers, “Only scammers will require one of those kinds of payments, and once you send the money, you probably won’t get it back.”
Although the newsletter highlighted how difficult it would be to find stolen crypto payments, many businesses like Velodrome and Curve Finance were able to do so because of the immutable properties of blockchain technology.
Bitcoin scams flourish in Zuckerberg’s “breeding environment”
A well-known cryptocurrency critic, US congressman Brad Sherman, stated on September 5 that it was no longer possible to ban crypto payments. Due to the industry’s rapid development. However, political donations and cryptocurrency lobbying, according to Sherman, make it hard to outright ban cryptocurrencies, and he added: We didn’t ban it at the beginning because we didn’t realize it was important, and we don’t ban it now because there’s too much money and power behind it.” Sherman is one of the majority of lawmakers who favors tough regulation measures for crypto payments.
According to reports, Democratic senators from the US Senate have questioned Meta CEO, Mark Zuckerberg. However, the question is about the company’s procedures for dealing with cryptocurrency fraud. However, reportedly called Facebook CEO Mark Zuckerberg on Friday to ask him what steps his company might take to identify cryptocurrency scams. Work with law enforcement, and help fraud victims.
Also read: Microstrategy To Invest $500m In Bitcoin: SEC Filing
