Press Release "The Federal Trade Commission will host a workshop in Chicago on June 25 to examine scams involving cryptocurrencies.
The “Decrypting Cryptocurrency Scams” workshop
will bring together consumer groups, law enforcement, research
organizations, and the private sector to explore how scammers are
exploiting public interest in cryptocurrencies such as bitcoin and
Litecoin and to discuss ways to empower and protect consumers.
are digital assets that use cryptography to secure or verify
transactions. They are not created by a government or central bank, but
they can be exchanged for U.S. dollars or other government-backed
As consumer interest in cryptocurrencies has grown, so
has interest from scammers, who are always looking for new ways to take
advantage of consumers. Scams involving cryptocurrencies include
deceptive investment and business opportunities, bait-and-switch
schemes, and deceptively marketed mining machines. The FTC has worked to educate consumers about cryptocurrencies and hold fraudsters accountable.
workshop, which is free and open to the public, will be held starting
at 1 pm Central Time at DePaul University located at 1 East Jackson
Blvd., Suite 8005, Chicago, IL 60604. Pre-registration is not required,
but attendees are encouraged to register for the event at firstname.lastname@example.org (link sends e-mail). This event will be webcast on the FTC’s website. A link will be posted on the event page on the day of the event."