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Cryptocurrency and QR code: Here's the latest trick scammers are using to steal your money, FTC warns

Officials said no one from the government, law enforcement, utility company, or prize promoter will ever tell you to pay them with cryptocurrency.
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KENTUCKY, USA — Federal officials are warning consumers that scammers are now asking people to pay with cryptocurrency and then using QR codes to steal their money and personal information.

The Federal Trade Commission said a scammer will call and say they work for the government, law enforcement, a local utility company, or even say you've won the lottery or a prize.

If you stay on the phone long enough, they'll ask you for money and request you go to a store with a cryptocurrency ATM. Once you're there, they'll tell you to put money into the ATM and buy cryptocurrency.

The FTC said the scammers will then send you a QR code with their address embedded in it. Once you scan the code, the cryptocurrency gets transferred to them and your money is gone.

"Nobody from the government, law enforcement, utility company, or prize promoter will ever tell you to pay them with cryptocurrency," the FTC said.

They warned consumers that any unexpected tweet, email, call or social media message -- especially from people you don't know -- asking you to pay them in advance for something, is a scam. "Every time," the agency said.

Kentucky Attorney General Daniel Cameron said to report the scammers to the state using the online scam report form. Reports can also be made directly to the FTC by filling out their form online.

RELATED: Before you scan that QR code, the FBI has a warning for you

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