At Athena, we believe education is the key to protecting yourself from cryptocurrency fraud.
The most common scams are outlined below.
Scam artists like Bitcoin because transactions cannot becancelled,reversed,or otherwise refunded once made.
Common Crypto Scams
Scammers are looking to say and do anything to convince you of a urgent need to pay through Bitcoin, and they will often “helpfully” point out nearby ATMs where you can follow their commands.
Impersonation Scam
Scammers pose as trusted figures government agents, utility workers, or tech support claiming you owe money or face arrest. They tell you to use a Bitcoin ATM to pay.
You’re offered quick cash to “transfer” or “hold” money for someone else. They have you send or convert funds through a Bitcoin ATM. You just moved criminal money—even if you didn’t know it.
Fake brokers promise guaranteed profits or “exclusive” crypto deals. You’re told to buy Bitcoin and send it through an ATM. Once your money’s gone, so is your “advisor.”
A caller claims to be police, saying your loved one’s in jail and bail must be paid in Bitcoin. Law enforcement never takes crypto. Hang up and call the real department.
Fraudsters pose as IRS agents, threatening arrest or property seizure for “unpaid taxes.” They order you to pay through a Bitcoin ATM. The IRS does not take Bitcoin—ever.
Online relationships turn dark when your new “partner” suddenly needs money—for travel, surgery, or bail. They push you to send Bitcoin. If love asks for crypto, it’s not love.
You’re promised a loan, job, or grant—but must first pay an “activation fee.” The scammer directs you to a Bitcoin ATM. There’s no job, no loan, and no refund.
You find a great deal online—too great. The seller demands Bitcoin payment for cars, tickets, or electronics. Once sent, your money’s gone, and so are they.
