Video
The Rise of Bitcoin ATM Scams Targeting Senior Citizens
06 Sep 2024
With the United States witnessing a ten-fold increase in losses to Bitcoin ATM scams in the past year, the need for awareness and caution has never been higher. As per the latest data from the US Federal Trade Commission (FTC), consumers lost over $114 million to BTM schemes, with older individuals above 60 being the primary targets of these fraudulent activities.
As scams evolve and become more sophisticated, it is crucial for everyone, especially seniors, to educate themselves on the red flags and tactics employed by scammers. Watch the video below to learn more about how these scams operate and practical tips to protect yourself:
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