Avoiding Cryptocurrency Scams

Tennessee Department of Commerce & Insurance (TDCI) is raising awareness about the growing threat of cryptocurrency scams and the importance of recognizing financial fraud. In our conversation with Kevin Walters, he explained their ongoing work to educate Tennesseans and strengthen protections against crypto-related fraud as well as commerce and insurance fraud throughout Tennessee. The TDCI has warned that scammers increasingly exploit crypto kiosks to take advantage of unsuspecting victims, with more than $110 million in reported losses involving these kiosks nationwide in 2023. Tennessee’s recent ban on crypto kiosks underscores the need for continued education and awareness. Kevin also discussed other ways TDCI can support the community, including its various training programs for the Nashville Fire and Police departments. These programs equip first responders with the knowledge and tools to identify emerging scams, assist victims of financial fraud, and help protect the community. See omnystudio.com/listener for privacy information.