Florida Govt warns against scammers who ask for crypto payments in order to obtain auto warranties

Florida Department of Agriculture and Consumer Services (FDACS), issued a warning that shared insights into the identification of robocall scams marketing auto warranties. The warning also included being asked to pay via gift cards and cryptocurrency.

The Enforcement Bureau issued a directive to phone companies to stop carrying robocall traffic after receiving complaints from consumers about increasing robocall scams.

The FDACS newsletter identified five red flags as indicators of scams, regardless of how scammers contact victims.

Five warning signs to look out for scams. Source: fdacs.gov

The announcement stressed on the many go-to payment methods that are often recommended by scammers.

“Payment Type”: If you’re asked to pay by gift cards or cryptocurrency, it’s likely a scam.

The FDACS asked Florida residents to stop making crypto payments. They also reiterated the fact that no government official would request personal information such as Social Security numbers or credit card numbers.

Despite the fact that hackers were not possible to track down crypto money, many corporations including Velodrome, Curve Finance and Curve Finance have been able to recover stolen funds thanks to the immutable nature blockchain technology.

Related: US lawmakers ask Mark Zuckerberg to address the ‘breeding ground for crypto scams’: Report

The well-known crypto skeptic Brad Sherman, an American congressman, acknowledged the rapid growth in the crypto ecosystem on Sept. 5. He claimed that banning cryptocurrency was not an option.

Sherman said that crypto lobbying and political donations make blanket bans on cryptocurrency impossible.

“We didn’t ban it in the beginning because it wasn’t important to us, and we don’t ban it now because it has too much power and money behind it.”

Sherman is one of the most vocal lawmakers in favor of strict crypto regulatory policies.

Opinion writer on 7trade7