At SMP Hawaii, our mission is to protect and educate kūpuna and caregivers about emerging threats. One of the fastest-growing dangers today involves cryptocurrency scams — and scammers often target older adults who may be unfamiliar with these new digital currencies.
While cryptocurrencies like Bitcoin and Ethereum are legitimate, scammers are using them as tools to steal money and information. Here’s what our kūpuna need to know to stay protected.
1. Phishing Scams
Scammers impersonate a trusted company or person, asking you to provide personal details or access your computer. They steal important information like passwords or even the private keys to your cryptocurrency wallets.
2. Fake Giveaways
You may see online posts or emails claiming you can get free cryptocurrency if you first send them a small payment — but once you send money, it’s gone.
3. Investment Scams
Scammers offer “sure thing” investment opportunities or tell you to buy a new coin. In reality, they are running pyramid schemes, “rug pulls,” or exit scams where they steal all the invested money.
4. Fake Apps and Websites
Cybercriminals create apps and websites that look like legitimate cryptocurrency companies. If you enter your details, they steal your money or personal information.
5. Blackmail Scams
Scammers threaten to release fake or real sensitive information unless you pay them in cryptocurrency.
Never share your private information, keys, or seed phrases with anyone.
Be cautious of offers that promise big returns or free money — they are almost always scams.
Verify websites and apps by checking official links before entering any information.
Use multi-factor authentication (MFA) when managing online accounts.
Ignore urgent messages or pressure tactics — real companies don’t rush you into making decisions.
If you’re unsure, search online for reviews or warnings about the website, app, or person contacting you.
If you or someone you know may have been targeted by a cryptocurrency scam:
Report it immediately to:
The Federal Trade Commission (FTC) at reportfraud.ftc.gov
The U.S. Securities and Exchange Commission (SEC) at sec.gov/tcr
Contact SMP Hawaii for additional help and resources.
Remember, most scams rely on creating panic or excitement to get you to act quickly. Taking time to think and verify can save you from losing your hard-earned savings.
At SMP Hawaii, we offer free education and counseling to help kūpuna navigate these risks and stay safe from fraud.
📞 Call us at 1-800-296-9422
📧 Email info@smphawaii.org
🌐 Visit smphawaii.org
Stay informed. Stay strong. Stay protected. Together, we can safeguard Hawaii’s kūpuna!
