Protect Your Crypto: Elderly Ohio Residents Targeted by Scams

Crypto Scams Targeting Elderly Ohio Residents

• Ohio law enforcement agencies are warning residents about several crypto scams targeting members of the elderly community.
• The Ohio Narcotics Intelligence Center (ONIC) has become aware of these scams through recent drug-related investigations.
• The Federal Trade Commission is now warning residents about the growing number of scams and offering tips to help protect themselves.

What Is Happening in Ohio?

Ohio law enforcement agencies have recently become aware of several growing crypto scams in the area which target elderly citizens. These scammers are taking advantage of older generations who may not be as familiar with computers or technology, and who may have large retirement funds. The Ohio Department of Public Safety issued a statement raising awareness about these dangers, and local law enforcement agencies are working together to provide resources for those who believe they have been targeted.

How Are Scammers Contacting Victims?

Scammers often stay in contact with their victims to guide them through sending funds via tools such as bitcoin ATMs, which can make it very difficult to track payments once they’ve been sent out. They also often use dating sites or applications to try and get money from unsuspecting individuals by pretending to teach them how to invest in digital currency sites. Lastly, scammers will never ask for payment information via text, email, or social media messaging- this should always be a red flag that something is wrong.

Tips for Avoiding Crypto Scams

The Federal Trade Commission has offered some tips for avoiding crypto scams and protecting yourself from theft:
• Legitimate businesses will never ask you to forward crypto funds. If someone does request this then it is likely a scammer trying to take advantage of you.
• Meeting people on dating sites or applications that request to show you how to invest in digital currency sites should be avoided at all costs- this person is likely not who they say they are.
• No legitimate business will ever engage in texting, emailing, or messaging on social media to try and get you to part with money without prior transactions having occurred first.


Cryptocurrency frauds targeting elderly citizens are becoming increasingly popular across the U.S., so it’s important that everyone takes the necessary steps required to protect themselves against potential threats like these- especially those living in Ohio!