Insights from The Orlando Senior Help Desk: Protecting seniors from crypto scams

In recent times, the rise of cryptocurrency scams has become a concerning trend, with scammers adopting various deceptive tactics to defraud unsuspecting individuals. One prevalent tactic involves impersonating federal agents to convince victims — often seniors — that their bank accounts are compromised. In response to these fictitious claims, some individuals resort to depositing money into cryptocurrency ATMs under the false pretense that it will secure their accounts with governmental protection.

Cryptocurrency ATMs have emerged as a favored tool for fraudsters due to their anonymity and ac...