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Over 170 individuals have reported being victims of fraud by an Oregon-based company known as “Bitcoin Bonus”.

The Better Business Bureau reports that the company contacts individuals, informing them about an unclaimed Bitcoin balance that they must redeem within a timeframe ranging from eight to 24 hours. However, Bitcoin does not materialize and individuals are ultimately left using their actual currency for transactions.

According to the BBB, when you observe such a sense of urgency, it serves as a significant indication that it might be a scam.

Scammers employ this tactic to reduce the amount of time for you to contemplate your actions, making it more convenient for them to take your money.

Timothy Johnston from the Better Business Bureau advised individuals to pause, seek guidance from someone trusted, conduct thorough research, and avoid falling victim to scams, regardless of the subject matter, including crypto currency.

He informed us that the Bitcoin scam is targeting people of all age groups, however, according to reports, the majority of those who have been affected by the scam are individuals who have previously invested in cryptocurrency and have left their investment untouched for a certain period of time.

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