Opinion: Cryptocurrency exchanges need to be more vigilant, especially focusing on the risk of fraud for older investors

According to Adrian Przelozny, CEO of Independent Reserve, in an interview, cryptocurrency exchanges need to be more vigilant than ever, including contacting customers in a timely manner to prevent them from being scammed, and one particular group needs special attention. "If we see an 80-year-old making a crypto withdrawal, they will receive a call," Przelozny said, while emphasizing that the focus is on protecting elderly users from scams. "People over 65 who participate in cryptocurrency trading are at high risk of being scammed," said Przelozny. He admitted that while not everyone in this age group will be scammed, they are more likely to become victims due to their "less familiarity" with the Internet and technology. Sometimes victims are so excited about the scheme they are being sold that they don't even realize it's a scam. Przelozny explained that Independent Reserve has a dedicated compliance department that "calls users all day long" to inform them of suspicious activities and alert them that they appear to be potential scam victims. (Cointelegraph)