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Bitcoin News

Jonesboro Scam: $10k Bitcoin Loss, Utility Alert in Arkansas 

Written By:
Gabriel Mael

Last updated: March 18, 2024 4:19 PM
Published 2024-01-19
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Blockchain Fraud Allegedly Launder $1M to Base Network

A Jonesboro resident lost almost $10,00 in Bitcoins after receiving a call from someone claiming he was with the Craighead County Sheriff’s Department.

Based on the report, the scammer threatened to arrest the woman unless she paid a fine in Bitcoin which is paid via Kroger Marketplace ATM.

This underlies a commonly used ploy by con artists to pretend to be authorities who sought immediate payment through the threat of service interruption or legal actions.

Arkansas Attorney General Tim Griffin issued a warning about utility companies using this trick, stating that genuine corporations do not ask for instant payment over the phone.

Authorities recommend double-checking the identification of any caller by contacting directly to an official source, such as the police department or utility company. If you are suspicious of a scam, hang up and file an official complaint with the Attorney General’s office.

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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By Gabriel Mael
Gabriel is a crypto journalist on a mission to decode the future of finance. He breaks down complex concepts, keeping you informed on the hottest trends and innovations in the ever-changing crypto world.

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