Law enforcement agencies in Winnebago County, led by the Oshkosh Police Department, are taking steps to prevent Bitcoin scams by placing warning signs next to Bitcoin ATMs. In recent years, local residents have lost nearly half a million dollars due to these scams, with tactics including urgent claims about emergencies. People are encouraged to verify claims directly to avoid falling victim to scammers.
In a bid to combat the rising trend of Bitcoin scams, law enforcement in Winnebago County, Wisconsin, is introducing new measures. The Oshkosh Police Department, among others, has installed warning signs next to Bitcoin ATMs across the area. These signs aim to alert users of common scams linked to cryptocurrency, gearing them up to think critically before purchasing.
Kate Mann, the Public Affairs and Crime Prevention Officer, noted the alarming statistics; over the past four years, locals have lost about $485,000 to these scams. She mentioned that since 2021 alone, there have been upwards of 35 reported scams directly tied to Bitcoin ATMs.
The signage is meant to provide a pause for thought. Mann described the effort to share information about scams as innovative. This approach complements traditional outreach strategies like interviews and community presentations, allowing them to reach citizens effectively.
The posters signal caution, stating, “Stop! This could be a scam!”, and prompt users with questions intended to encourage reflection on the legitimacy of their transactions.
Mann explained that scammers often exploit emergencies, convincing victims to act quickly—like claiming a grandchild is in trouble or that they have a legal issue requiring immediate payment. Many stories involve some sort of urgency that pressures individuals to respond.
She pointed out that many people fall victim to scams due to fear and panic. Mann advises the public to remember that an emergency for someone else doesn’t necessitate that it’s an emergency for them as well.
To combat such situations, Mann suggests that anyone who suspects they are being scammed should hang up and verify the details directly. Call known contacts or the appropriate authorities before committing any money or personal information.
Her key message is clear: “Before you put money into Bitcoin ATMs or purchase gift cards, stop and verify.” Continuing, she warned that recovering lost funds can be very difficult. If you suspect you have been scammed, or you see suspicious activity, it’s critical to notify your local police department without delay.
