According to the Federal Trade Commission, scammers are riding the cryptocurrency craze wave, with more than $1 billion in losses to scams reported since 2021. Cryptocurrency is a digital platform that eliminates the need to carry cash. Crypto is not widely understood, and because it is unregulated, criminals have exploited the lack of knowledge to their benefit.
Visit aarp.org/ok for more information about why crypto ATMs are surging in popularity and get tips from the AARP Fraud Watch Network about how to spot crypto scams and protect yourself.
Additional resources, including a free fraud prevention kit may be requested at aarp.org/okfraudpreventionkit.