According to Cryptoslate, the Florida Department of Agriculture and Consumer Services (FDACS) provided tips on how to spot robocall scammers selling auto warranties, and one of the red flags was being asked to pay using gift cards or cryptocurrency.
In response to consumer complaints regarding the increased frequency of robocall scams, in which con artists use prerecorded calls to advertise and sell phony services, the Enforcement Bureau issued an order mandating phone providers to stop carrying robocall traffic.
According to Cryptoslate, no matter how con artists approach potential victims, the FDACS bulletin included five warning flags of scams. The FDACS warned Floridians against sending cryptocurrency payments and emphasized that no government official would ask for sensitive information like a person’s Social Security or credit card numbers, noting that “Only scammers will require one of those kinds of payments, and once you send the money, you probably won’t get it back.”
The newsletter made note of how challenging it would be to track down lost bitcoin funds, but thanks to the irreversible characteristics of blockchain technology, many companies, including Velodrome and Curve Finance, have been successful in doing so. According to US congressman Brad Sherman, a well-known critic of cryptocurrencies, the industry’s rapid expansion makes it impossible to outright ban them, as reported by Cryptoslate.
