As a consolidation of New Hampshire’s pioneer Bitcoin reserves, the con artists will leverage the public interest. In the midst of growing confidence in BTC adoption, the triggers of fraud are inducing.
NH Treasury Issues Warning: Scammers use Bitcoin to target residents
New Hampshire’s Treasury Department issued a public announcement on May 13, warning residents of Bitcoin-related fraud, including fraudulent calls from individuals impersonating Treasury officials. Using a spoofed version of the department’s official phone number, callers deceive the victim by claiming that their identity has been stolen, and urge them to pretend to be false and send money via Bitcoin.
“The fraud caller claims that it comes from the state’s Treasury Department and falsely informs the victim that his identity has been stolen,” the NH Treasury Department explained, adding:
They then instruct the victim to withdraw all the funds from their bank account and transfer them to another Bitcoin account, falsely claiming that this is a safe method of protection.
The Treasury emphasized that it would not require Bitcoin payments or transfers, urging residents to immediately hang up if contacted in this way. Victims are encouraged to report the incident to the Internet Crime Complaint Center (IC3), which is being monitored by the Federal Bureau of Investigation (FBI) and notify local law enforcement agencies.
The warning follows a recent move by New Hampshire to formally integrate BTC into its financial strategy. On May 6th, NH became the first US state to pass the Strategic Bitcoin Reservations Act. Gov. Kelly Ayott signed House Bill 302, allowing state accounts to allocate 5% of public funds to bitcoin and other digital assets to more than $500 billion in digital assets.
The Act reflects broader efforts to place digital assets as viable components of institutional preparation. As state and federal interest in cryptocurrencies continues to grow, officials and advocates are underscoring the importance of education and due diligence to prevent misuse while building a safe, modern financial framework.
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