The Federal Trade Commission has seen a lot of scams. It’s latest warning details a new twist on an old one: unfaithful spouses and bitcoin (BTC) blackmail.

Here’s how the FTC describes the scam in its warning: Scammers send letters demanding payments in bitcoin in exchange for keeping quiet about alleged affairs. The letter also explains how to use bitcoin to make the payment.

What to do? FTC says to report that letter immediately to local police and the FBI. The FTC also provides tips on how to avoid fraud.

ThirtyK Staff
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