NYPD: Bitcoin thieves posing as government officials have stolen over $2M

New York’s Police Department (NYPD) is alerting the public about phone scammers posing as Social Security Administration officials and requesting payment in Bitcoin, prepaid gift cards, and bank wire transfers. NYPD noted the scammers have already thieved millions of dollars by exploiting the trusted reputation of government agencies. Such scams are on the rise, NYPD said. So far this year, the NYPD has received more than 200 complaints with losses totalling more than $2 million. In 2018, the NYPD received only three similar complaints. “Sophisticated phone scams use the trust victims have in their own governmental and law enforcement agencies against…

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