Manitowoc police alert residents to rising cryptocurrency scams targeting older adults

MANITOWOC, WI (WTAQ-WLUK) — Manitowoc police are warning the public on cryptocurrency and bitcoin scams that have been circling the community.

Cryptocurrency scams can originate from various sources, including phone calls, emails, text messages, social media, fraudulent websites, or computer pop-up ads.

Scammers generally operate with a sense of urgency and secrecy when requesting personal or financial information, including cryptocurrency payments.

These types of scams often target older adults so police recommend people talk to their older relatives who might be susceptible.

• Only a scammer will demand payment in cryptocurrency.
• No government agency or legitimate business will request cryptocurrency as a form of payment.
• Cryptocurrency payments do not come with legal protections.
• Cryptocurrency payments are typically not reversible.

If you or someone you know has experienced a monetary loss as a result of a scam you are encouraged to contact the Manitowoc Police Department at (920) 686-6500.