Montana Office of Consumer Protection warns of crypto scam

The Montana Office of Consumer Protection says a cryptocurrency scam is targeting businesses that took out Paycheck Protection Program loans during the pandemic.

The Paycheck Protection Program, or PPP, gave loans to businesses to help pay and retain employees during the height of the pandemic. In most cases, businesses could have the loans forgiven.

According to the office, scammers use publicly available information including the loan amount, the lender, and the name of the business that took the loan to identify potential targets.