Increased awareness needed to protect vulnerable individuals from crypto fraud, especially targeting elderly

From Cointelegraph
September 9, 2024 5:45 PM:

A report revealed that the elderly are the most vulnerable when it comes to crypto ATM scams. These ATMs are found to have various illicit uses, posing a significant risk to unsuspecting individuals.

The report highlights the need for increased awareness and education surrounding crypto ATM scams to protect vulnerable populations from falling victim to fraudulent activities.

Authorities are urged to take action to regulate and monitor the use of crypto ATMs to prevent further exploitation of vulnerable individuals.

Read more at Cointelegraph: FBI reports Americans lost $5.6B to cryptocurrency fraud in 2023