KCPD’s Economic Crimes Section is experiencing an increase in cases involving cryptocurrency.
Victims of all ages and demographics are reporting losses of their cryptocurrency from a variety of scams. Criminals are increasingly successful in their attempts to victims. Criminals have discovered methods to bypass two-factor authentication to access the victim’s software wallet, where they transfer the victim’s funds to accounts controlled by the criminal.
Investigators say that most of these criminals are overseas and believe this crime will increase as more people become involved in cryptocurrency.
“It’s the wild, wild west out there,” says Detective Leland Blank of the Economic Crimes Section. Blank says that when one scam gets thwarted, criminals move on to a different one.
Blank, who partners with the FBI, offers advice if you decide to invest in cryptocurrency.
If you’re the victim of cryptocurrency crime, contact KCPD or file a complaint online with the FBI’s Internet Crime Complaint Center - https://www.ic3.gov/Home/FileComplaint.