Wausau PD warns of “troubling increase” in cryptocurrency scams

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WAUSAU, Wis. (WSAW) – Over the years, more and more cryptocurrency ATMs have appeared in local businesses. Scammers have taken advantage of its rise, finding a new, unique way to take money from others.

“It’s harder for government agencies to track it down,” says Detective Nicholas Walters of the Wausau Police Department. “Once you send it to that person, they can take that money and send it out dozens of times in a single day. And every time they do that, that makes that money harder and harder and harder and harder to track.”

The Wausau Police Department says scammers are working in various ways. This includes posing as a grandchild in trouble, a bank informing you your account has been compromised, or letting you know your computer has been hacked. If they bring up crypto in these scenarios, that’s when you hang up the phone.

“No government agency, no company, no lawyer, no one is going to tell you to pay them in…

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