Video: What is cryptocurrency and how not to get scammed with it | Local

The FBI’s Portland office has put together a video to explain cryptocurrency to the uninitiated and how not to be victimized by would-be scammers.

It turns out, scams involving cryptocurrency — which is a legal form of currency in the United States — are not all that different that scams involved good, old-fashioned cash.

“Any kind of traditional scam can take on a cryptocurrency twist,” says the FBI forensic accountant who was only identified by his first name Brandon in an FBI news release.

If you do become a victim, contact us at the FBI’s Internet Crime Complaint Center (www.ic3.gov) to report online crime.