FBI research shows crypto crime is skyrocketing, especially with seniors.
In 2022, American senior citizens lost over $1 billion to those types of scams.
Cryptocurrency and finance experts at Bankless Times have tips on how to keep family members safe.
- Watch for loved ones opening a crypto account without showing much knowledge or experience with this type of currency.
- Ask if purchases are funded by their retirement account savings. If an older person in your life making large cash withdrawals from their bank account for crypto currency.
- Avoid investing with anyone who reaches out to you a thoroughly research any investment opportunity before giving money. You may also want to reach out to a financial planner for guidance.