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What are Amazon Scams?

The number of scams associated with Bitcoin and other cryptocurrencies has steadily been on the rise as more people begin to adapt cryptocurrency into their everyday lives.

A common scam circulating is the "Amazon Scam" in which scammers look to take advantage of victims through fake Amazon transactions and detailed instructions to coerce victims into sending Bitcoin to clear the issues with their Amazon accounts.

• The Amazon scam targets individuals with Amazon accounts or related services 
• The scammers often have access to your Amazon account information (name, address, etc.) potentially due to a data leak online
• The scam will typically progress to a credit card fraud scam where the Amazon scammers will connect you to a fake representative from whichever bank is linked to your Amazon account
• Demographic targets: The elderly, recent immigrants, the young (students with little knowledge of legal systems).

How Amazon Scams Operate:

1. You receive a call from someone claiming to be from Amazon letting you know that there has been fraudulent purchases on your account (the scammers will typically have access to your information such as your name, email, etc.)

2. The fake Amazon employee on the phone will then "transfer" the call to the fraud department at your bank and convince you that this is a very urgent matter. The scammers may try to keep you on the line by mentioning the police are involved or make threats if you hang up the phone.

3. You will now be on the phone with a fake fraud department with your bank in which the scammers will tell you in order to clear this issue you must withdraw all the funds from your bank account into cash and put the cash into a Bitcoin ATM.

4. The scammers will then provide you with a location with a Bitcoin ATM as well as a QR code Bitcoin wallet to send the Bitcoin directly to the scammers wallet.

5. Once the transactions are completed the scammers will likely cease contact with you OR begin other tactics to request more money from you. It is important to always stay vigilant and informed of these many types of scams

If You Are a Victim of a Scam:

See our guide on what to do if you are the victim of a scam / fraud.

You can also view the links below for more information regarding Amazon Scams: 

Amazon.ca - Scams