Signs of crypto scams include poorly written white papers, excessive marketing, and claims that you’ll make a lot of money quickly.
The Australian Taxation Office is warning people to beware of scammers impersonating the ATO and demanding Bitcoin or another cryptocurrency as a form of payment for fake tax debts. The ATO has seen over $50,000 paid in Bitcoin to scammers claiming fake ATO tax debts so far.
Does it affect me?
Anyone can be the target of this scam.
If you have received an unexpected email or threatening phone call that claims to be from the ATO and demands payment via Bitcoin or cryptocurrency, iTunes cards, or pre-paid Visa gift cards, don’t make the payment.
How do I stay safe?
- Keep your personal information such as your Tax File Number and birth certificate secure and safe. Don’t carry them around in a wallet or handbag or saved them on a phone.
- Be suspicious of any unexpected emails or threatening phone calls that claim to be from the ATO.
- Check that a payment method is legitimate before making a payment.
- Don’t overshare on social media and check the privacy settings on your online accounts.
For more information, please visit: www.staysmartonline.gov.au