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City warns residents of rising cryptocurrency thefts; police urge caution and point to resources
Summary
Council member PG raised concerns about increasing cryptocurrency thefts; Police Chief Sackett said Eden Prairie typically sees 7–10 such cases a year, urged residents not to share account details online and pointed to resources from the city, Secret Service and FBI.
Council member PG raised a concern during the Oct. 7 Eden Prairie City Council meeting about a rise in cryptocurrency thefts and asked the police chief to brief the council and residents.
PG said cryptocurrency theft totals are “skyrocketing” nationally and cited figures while encouraging caution for family members who hold crypto. Chief Sackett told the council that Bitcoin and other cryptocurrency thefts have been increasing nationwide and that Eden Prairie has seen roughly seven to 10 cases annually in recent years. He listed practical precautions and resources for residents:
- Avoid posting about cryptocurrency holdings on social media, which can attract thieves. - Watch for irregular small transactions or being locked out of an account as possible signs of compromise. - Do not provide cryptocurrency account details over phone or email to unsolicited callers or messages; no legitimate agency will request those details by phone or email. - If contacted, reach out directly to the exchange or wallet provider listed as the account custodian.
Chief Sackett also said the police department maintains resources and officers assigned to fraud prevention and urged residents to consult the city website for local guidance. He recommended federal resources, including the U.S. Secret Service and the FBI, as additional sources of information on how to respond to suspected crypto theft.
PG said he had asked a friend to follow developments and that residents’ family members—particularly older adults—should be warned about scams. The chief noted that prevention, awareness and reporting to the account provider are the most effective immediate steps.
No formal council action was taken; the item was presented as an informational briefing and a request to ensure public awareness.
