The New Hampshire State Treasury issued a public announcement on May 13, warning residents of a bitcoin-related scam involving fraudulent calls from individuals impersonating Treasury officials. Using a spoofed version of the department’s official phone number, the callers deceive victims by claiming their identities have been stolen and urge them to transfer money via bitcoin under false pretenses.

“The scam callers claim to be from the State Treasury and falsely inform victims that their identity has been stolen,” the NH State Treasury explained, adding:

They then instruct victims to withdraw all funds from their bank accounts and transfer them to another account in bitcoin, falsely claiming it is a secure method of protection.

The Treasury emphasized that it does not request payments or transfers in bitcoin and urged residents to hang up immediately if contacted in this manner. Victims are encouraged to report incidents to the Internet Crime Complaint Center (IC3), monitored by the Federal Bureau of Investigation (FBI), and to notify local law enforcement.

This warning follows New Hampshire’s recent move to formally integrate BTC into its financial strategy. On May 6, NH became the first U.S. state to pass a “Strategic Bitcoin Reserve” law. Governor Kelly Ayotte signed House Bill 302, authorizing the state treasurer to allocate up to 5% of public funds into bitcoin and other digital assets with a market capitalization of over $500 billion—currently, only BTC meets that threshold.

The legislation reflects a broader effort to position digital assets as viable components of institutional reserves. As state and federal interest in cryptocurrency continues to grow, officials and advocates alike underscore the importance of education and due diligence to prevent misuse while building a secure, modern financial framework.

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