Cryptocurrency scammers have reportedly been posing as government officials and asking people to make payments in Bitcoin (BTC) or use prepaid gift cards. New York’s Police Department (NYPD) has issued a warning regarding the fraudulent activity and has also reported that the scammers have already stolen millions of dollars by posing as Social Security Administration (SSA) officers. As confirmed by the NYPD, cryptocurrency-related scams involving bad actors posing as government officials have increased significantly. In fact, the NYPD revealed it had received over 200 complaints this year regarding losses of more than $2 million (in total). Notably, the NYPD said it only received three such complaints during 2018.
