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| Meta Title | Avoiding a cryptocurrency scam | Consumer Advice | |||||||||||||||
| Meta Description | Yesterday some high-profile people had their Twitter accounts hacked by scammers who | |||||||||||||||
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| Boilerpipe Text | Yesterday some high-profile people had their Twitter accounts hacked by scammers who sent out fake tweets asking followers to send money using Bitcoin – a type of
cryptocurrency or digital money
.
Cryptocurrency scams are now a popular way for scammers to trick people into sending money. And they
pop up in many ways
. Most crypto scams can appear as emails trying to
blackmail
someone,
online chain referral schemes
, or
bogus investment and business opportunities
. But here’s what they all have in common
–
and what they have in common with yesterday’s Twitter hacks: A scammer wants you to send money, or make a payment, with Bitcoin or another type of cryptocurrency. Once you do, your money is gone, and there’s generally no way to get it back.
So if you see a tweet (or a text, email, or other message on social media) that tells you to pay with Bitcoin, you know that’s a scam. Other signs that something’s a scam? They might guarantee that you’ll make money (those guarantees are false); promise that you’ll double your money quickly (again, that’s always a fake promise); or say you’ll get free money in dollars or cryptocurrency (free money? Nope, not ever).Â
If you spot a cryptocurrency scam, report it immediately to the FTC at
ftc.gov/complaint
. For more information, check out
What To Know About Cryptocurrency
. | |||||||||||||||
| Markdown | [Skip to main content](https://consumer.ftc.gov/node/76589#main-content)

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April 22, 2026
BCP Staff
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April 16, 2026
BCP Staff
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April 14, 2026
BCP Staff
Did you get a text with a picture of what looks like an official notice of a traffic hearing? You’re not alone. The FTC has seen a spike in reports about this text scam in the last month. It’s just the latest story of how scammers are trying to separate people from their money. Here’s how this scam works — and how to avoid it.
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## Consumer Alerts
### [Say “no, thanks” to unexpected offers to lower your credit card interest rate](https://consumer.ftc.gov/consumer-alerts/2026/04/say-no-thanks-unexpected-offers-lower-your-credit-card-interest-rate)
April 22, 2026
BCP Staff
If a company calls you unexpectedly and offers to help lower your credit card interest rate, say “no, thanks.” It’s probably a scammer hoping you’ll pay them for shortcuts that don’t really exist. Here’s how to spot and avoid scams that promise to help lower your credit card interest rate.
[View all Consumer Alerts](https://consumer.ftc.gov/consumer-alerts)
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Yesterday some high-profile people had their Twitter accounts hacked by scammers who sent out fake tweets asking followers to send money using Bitcoin – a type of [cryptocurrency or digital money](https://www.consumer.ftc.gov/articles/what-know-about-cryptocurrency). [](https://www.consumer.ftc.gov/sites/www.consumer.ftc.gov/files/bitcoin_scams_blog_v1-01.png)
Cryptocurrency scams are now a popular way for scammers to trick people into sending money. And they [pop up in many ways](https://www.consumer.ftc.gov/blog/2019/11/scams-telling-you-pay-bitcoin-rise). Most crypto scams can appear as emails trying to [blackmail](https://www.consumer.ftc.gov/blog/2020/04/scam-emails-demand-bitcoin-threaten-blackmail) someone, [online chain referral schemes](https://www.consumer.ftc.gov/blog/2018/03/bitcoin-online-chain-referral-illegal-scheme), or [bogus investment and business opportunities](https://www.consumer.ftc.gov/blog/2018/02/know-risks-you-invest-cryptocurrencies). But here’s what they all have in common – and what they have in common with yesterday’s Twitter hacks: A scammer wants you to send money, or make a payment, with Bitcoin or another type of cryptocurrency. Once you do, your money is gone, and there’s generally no way to get it back.
So if you see a tweet (or a text, email, or other message on social media) that tells you to pay with Bitcoin, you know that’s a scam. Other signs that something’s a scam? They might guarantee that you’ll make money (those guarantees are false); promise that you’ll double your money quickly (again, that’s always a fake promise); or say you’ll get free money in dollars or cryptocurrency (free money? Nope, not ever).
If you spot a cryptocurrency scam, report it immediately to the FTC at [ftc.gov/complaint](https://consumer.ftc.gov/complaint). For more information, check out [What To Know About Cryptocurrency](https://www.consumer.ftc.gov/articles/what-know-about-cryptocurrency).
Search Terms
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| Readable Markdown | Yesterday some high-profile people had their Twitter accounts hacked by scammers who sent out fake tweets asking followers to send money using Bitcoin – a type of [cryptocurrency or digital money](https://www.consumer.ftc.gov/articles/what-know-about-cryptocurrency). [](https://www.consumer.ftc.gov/sites/www.consumer.ftc.gov/files/bitcoin_scams_blog_v1-01.png)
Cryptocurrency scams are now a popular way for scammers to trick people into sending money. And they [pop up in many ways](https://www.consumer.ftc.gov/blog/2019/11/scams-telling-you-pay-bitcoin-rise). Most crypto scams can appear as emails trying to [blackmail](https://www.consumer.ftc.gov/blog/2020/04/scam-emails-demand-bitcoin-threaten-blackmail) someone, [online chain referral schemes](https://www.consumer.ftc.gov/blog/2018/03/bitcoin-online-chain-referral-illegal-scheme), or [bogus investment and business opportunities](https://www.consumer.ftc.gov/blog/2018/02/know-risks-you-invest-cryptocurrencies). But here’s what they all have in common – and what they have in common with yesterday’s Twitter hacks: A scammer wants you to send money, or make a payment, with Bitcoin or another type of cryptocurrency. Once you do, your money is gone, and there’s generally no way to get it back.
So if you see a tweet (or a text, email, or other message on social media) that tells you to pay with Bitcoin, you know that’s a scam. Other signs that something’s a scam? They might guarantee that you’ll make money (those guarantees are false); promise that you’ll double your money quickly (again, that’s always a fake promise); or say you’ll get free money in dollars or cryptocurrency (free money? Nope, not ever).
If you spot a cryptocurrency scam, report it immediately to the FTC at [ftc.gov/complaint](https://consumer.ftc.gov/complaint). For more information, check out [What To Know About Cryptocurrency](https://www.consumer.ftc.gov/articles/what-know-about-cryptocurrency). | |||||||||||||||
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