SIOUX FALLS, S.D. (KELO) — A 67-year-old Sioux Falls woman lost $7,000 to a scam involving Bitcoin, authorities announced on Friday.
Sioux Falls Police Department spokesman Sam Clemens said a 67-year-old woman struck up a friendship with someone on Facebook. After a few months, the suspect asked the woman to send Bitcoin.
Clemens said there are a few Bitcoin kiosks in Sioux Falls and the woman ending up sending around $7,000 worth of Bitcoin to the Facebook friend.
Clemens said Bitcoin money is pretty much untraceable. He said when people are asking for payment in Bitcoin, that should be a red flag.
He said scams involving Bitcoin are likely to continue.