Missouri State Highway Patrol Warns of Rising Cryptocurrency Scams

St. Louis, Mo. (KFMO) - The Missouri State Highway Patrol’s Division of Drug and Crime Control is warning residents about a growing number of cryptocurrency fraud cases being reported across the state.

Investigators say scams are increasingly targeting older adults, but anyone can be affected, with victims often suffering significant financial losses. Authorities say criminals are using the internet, social media, email, dating sites, text messages, encrypted messaging apps, and phone calls to pressure victims into sending money through cryptocurrency such as Bitcoin. These scams are designed to appear legitimate and commonly rely on urgency, fear, or promises of guaranteed returns. In many cases, scammers build trust with victims over time before requesting money. The Patrol reminds the public that legitimate government agencies and law enforcement will never request payment in cryptocurrency, gift cards, or wire transfers. Scammers frequently impersonate trusted organizations or individuals, ask victims to keep transactions secret, or request personal and financial information online. Officials stress that time is critical when dealing with suspected fraud.

Anyone who believes they have been targeted or victimized is urged to report it immediately to local law enforcement and the Missouri State Highway Patrol, as prompt reporting can improve the chances of recovering assets. The Patrol also encourages families and caregivers to talk with older adults about these scams and help them recognize warning signs.

Suspected fraud can also be reported to the Missouri Attorney General’s Consumer Protection Hotline at 800-392-8222.