Since the start of 2020, there has been a 900{efb76091f473a4541ca3f0faa06dbe9d31a16ed75b3083d185e995bf21e7da6d} increase in cryptocurrency scams. One of the main driving forces behind the large increase was the COVID pandemic. Obviously during the pandemic many people lost jobs and were worried about the future so they took to online trading to try and make money themselves, but for quite a few it has ended up costing them their entire life savings. As fraudsters tend to do in other sectors, they have targeted the elderly as they know that they aren’t as tech savvy and will be more likely to believe what they have been told if they don’t fully understand. There have been countless cases reported of retired people losing over £300,000 and are now having to go through the cryptocurrency scam recovery process to see if they can get any or all of their funds back.
Age Groups Targeted With NFT & Cryptocurrency Scams
Cryptocurrency trading has been around for quite a few years now and most people under the age of 45 are quite familiar with it, they will have seen the many Netflix documentaries exposing big websites that have turned out to be nothing more than Ponzi schemes are …