I think right now the crypto industry is to be honest is too transparent. It's actually extremely easy to track crypto funds. Um like the blockchain is a public ledger and then if you couple that with a a few centralized exchanges KYC information, you can track most of the transactions pretty accurately.

TBPN

@underscoredpodcasts

cryptocurrencyblockchaintransparency

She also cautioned that while older adults may be particularly vulnerable to scam attempts, everyone should consider themselves a potential target. “If you don’t think this is going to happen to you, you’re probably the next person that’s going to happen to,” Nofziger said. “Start today to protect yourself, and then know where to go if something like this happens.

@ddc

fraudprotectionscams

Nofziger said that older adults especially need to take scams seriously — all the more so since the emergence of generative AI tools that make traps even more effective. Some scams can be so bedeviling that the victims never find their way out of them, with heartbreaking results. "I've been working with a few families for years where their loved one cannot get pulled out of the scam," she told us. "And they've decided that having that person in their life and [...] having $500 or $1,000 stolen every month from them is okay."

@ddc

scamselder-abusefraud