‼️ In Texas, scammers forced a pensioner to send them $40,000 through a crypto ATM.

The White Settlement Police in Texas intercepted a scam where a pensioner was victimized. The perpetrators deceived her into withdrawing $40,000 from her account and transferring it to them via a crypto ATM.

Unfortunately, we increasingly hear about such cryptocurrency-related frauds.

Why is this happening?

🔽 The root cause lies in the low level of financial literacy, a point I never tire of emphasizing. Developing financial literacy is crucial not only for managing personal finances effectively and planning investments, but also for protecting oneself from financial scams and deceit.

⛔️ Just as our generation has begun to recognize scams involving fake "bank employees," new schemes related to blockchain and crypto are emerging rapidly. Stay vigilant!

There's just one thing that bothers me. Why do scammers always target wealthy elderly women? Where do retirees get so much money from?