In a concerning development that highlights the ongoing challenges of cryptocurrency adoption, the New Hampshire State Treasury has issued an urgent warning about a sophisticated Bitcoin scam targeting state residents. This alert comes at a particularly sensitive time, as Bitcoin adoption continues to surge across institutional sectors.
Key Details of the NH Bitcoin Scam
On May 13, 2025, state officials revealed that fraudsters are actively impersonating Treasury Department representatives through spoofed phone calls. These scammers are exploiting New Hampshire’s progressive stance on cryptocurrency integration, attempting to deceive residents during a period of heightened interest in digital assets.
How the Scam Works
- Scammers use sophisticated caller ID spoofing to appear as legitimate Treasury numbers
- Victims are pressured to make immediate Bitcoin transfers
- Fraudsters claim to be offering special state-backed Bitcoin investment programs
- Targets are often elderly or less tech-savvy individuals
Prevention Tips from State Officials
The NH Treasury has outlined several key measures residents should take to protect themselves:
- Never share private wallet information over phone calls
- Verify all Treasury communications through official channels
- Report suspicious calls to state authorities immediately
- Be aware that government agencies never request cryptocurrency payments
Impact on State Bitcoin Initiatives
This scam emerges as New Hampshire continues its pioneering efforts in cryptocurrency adoption. Similar to Missouri’s recent Bitcoin-friendly legislation, NH has been working to integrate digital assets into state operations.
FAQ Section
How can I verify if a Treasury call is legitimate?
Always hang up and call the official NH Treasury number directly to verify any communication.
What should I do if I’ve been scammed?
Contact local law enforcement and file a report with the NH Consumer Protection Bureau immediately.
Are any legitimate state Bitcoin programs currently active?
All official state cryptocurrency initiatives are announced through verified government channels and never require immediate action.
Looking Forward
As Bitcoin continues to gain mainstream acceptance, the need for robust security measures and public education becomes increasingly critical. State officials emphasize that while they support cryptocurrency innovation, security and fraud prevention remain top priorities.