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Crypto scams against seniors surged 78% in 2022

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Criminals stole more than $1 billion from U.S. senior citizens last year, a staggering 78% increase from 2021. Experts warn seniors of red flags indicating they could be scammed.

Crypto and Web3 have unrealized potential, but the lack of regulation over the years has led to speculative bubbles and Ponzi schemes, Joe Lonsdale says.'s latest elder fraud report found U.S.

senior citizens were robbed of more than $1 billion through cryptocurrency scams last year, a staggering 78% increase from 2021 that has experts warning older Americans to be on the lookout and protect themselves.Bankless Times recently analyzed the data and reported a fourfold increase in crypto crime over the past 12 months, noting the most common scams in 2022 were investment related.

 

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