Titusville Police Officials Issue Bitcoin Scam Warning, Perps Pressure Victims to Withdraw Money from the Bank

scammers create a false sense of urgency by claiming the victim owes money

BREVARD COUNTY • TITUSVILLE, FLORIDA – The Titusville police officials are alerting residents to a growing Bitcoin scam that has already cost several victims tens of thousands of dollars.

The department reports that scammers are contacting individuals while posing as representatives of government agencies, banks, utility providers, or even law enforcement.

According to authorities, the scammers create a false sense of urgency by claiming the victim owes money, has a security breach, or is under investigation.

They then pressure the victim to withdraw money from their bank account and deposit it into a Bitcoin ATM, or to send payment via cryptocurrency or gift cards. Police emphasize that this tactic is a clear sign of fraudulent activity.

Officials stress that no legitimate business or government agency will request payment in Bitcoin or any form of cryptocurrency.

Urgent threats, secrecy, and demands for quick action are significant warning signs. Once funds are transferred through Bitcoin, recovery is extremely difficult, making it a favored method for scammers.

The police advise residents to protect themselves by hanging up on suspicious calls, deleting unusual texts or emails, and never sending money or gift cards to unknown individuals.

They also urge people to verify any payment requests using official contact information rather than relying on information provided by the caller.

The department reminds the community that if a situation feels urgent, threatening, or unusual, it is likely a scam. Staying alert and cautious can help prevent financial loss.

Residents who encounter or fall victim to a scam are encouraged to report it to the Titusville Police Department at 321-264-7800.

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