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in Scam Awareness
news5cleveland.com
· 2025-12-07
A Stark County man in his 70s lost $60,000 over five years in a romance scam after connecting with someone on TikTok who posed as a woman seeking a relationship, despite never meeting in person. The scammer sent gift cards totaling 200 units while making promises to move in together, with little hope of recovery since the money was likely already dispersed. Authorities note that older adults are particularly vulnerable to romance scams due to loneliness and trustworthiness, and victims often experience significant emotional trauma alongside financial losses.
usatoday.com
· 2025-12-07
Two U.S. senators are demanding that Match Group, the parent company of Tinder, Hinge, and OkCupid, provide records of fraudulent activities on its platforms and explain its fraud prevention measures, expressing concern that the apps' algorithms are vulnerable to romance scams. Romance scams on dating apps reached a record high in 2022, with 70,000 Americans reporting $1.3 billion in collective losses, averaging $4,400 per victim, with older adults particularly targeted. The senators cited multiple FTC complaints alleging the company enabled fraud through its business practices and algorithmic design.
inforum.com
· 2025-12-07
AARP of North Dakota is conducting statewide educational events led by former prosecutor Paul Greenwood to help seniors recognize and avoid scams and fraud. The campaign addresses common threats including caregiver exploitation and impersonation scams, with a major forum scheduled for September 25 at the Fargodome expected to draw over 450 attendees.
einpresswire.com
· 2025-12-07
Kimberly Stamps, an Arizona woman, pleaded guilty to conspiracy to commit mail and wire fraud for operating a mass-mailing prize notice scheme that defrauded thousands of elderly and vulnerable consumers of over $15 million between 2012 and 2018. The scheme involved sending fraudulent notices claiming victims had won cash prizes, requiring fees of $20-$50 to claim their winnings, with victims receiving only worthless trinkets or sweepstakes reports instead. Stamps, who violated a prior postal service cease-and-desist order, is the third and final defendant to plead guilty in the conspiracy.
bostonherald.com
· 2025-12-07
Between 2023 and May 2025, the FBI's Boston Division documented 103 courier-based fraud schemes targeting elderly victims, resulting in over $26 million in losses, with 59 Massachusetts residents losing $18.6 million. Nearly all victims (98%) were over 60 years old, and the scams typically involved perpetrators posing as distressed family members, government officials, or tech support to pressure victims into purchasing gold bars or withdrawing cash for pickup by couriers. The FBI advises that the government never requests precious metals purchases and recommends victims report incidents to ic3.gov or contact the DOJ Elder Justice hotline at 1-833-
bostonherald.com
· 2025-12-07
Between 2023 and May 2025, the FBI's Boston Division documented 103 courier-based fraud schemes targeting elderly residents, resulting in over $26 million in losses, with Massachusetts victims (59 people, mostly over age 60) accounting for $18.6 million of that total. The scams typically impersonated family members, government officials, or tech support, convincing victims to withdraw cash or purchase gold bars for courier pickup. The FBI advises that legitimate government agencies never request gold purchases or large cash withdrawals, and encourages victims to report incidents immediately to ic3.gov or the DOJ Elder Justice hotline.
keysweekly.com
· 2025-12-07
Fake e-commerce websites use deceptively low prices and professional-looking designs to scam shoppers by failing to deliver products, sending counterfeit items, or stealing personal and financial information. Red flags include unbelievably low prices, suspicious URLs, lack of contact information, poor website design, and absence of legitimate reviews. Consumers can protect themselves by researching companies before purchasing, verifying website security features, using trusted retailers, paying with credit cards, and reporting scams to the FTC or IC3 if victimized.
nbcnews.com
· 2025-12-07
The content provided appears to be a news broadcast lineup rather than a complete article. While one segment titled "FBI says fake apartment ads on social media a growing scam" is listed, the full article text is not included—only a brief description stating that scammers use enticing fake apartment listings on social media to trick renters into paying upfront fees for apartments they never receive. To provide a proper summary for the Elderus database, please provide the complete article text.
statepress.com
· 2025-12-07
Online scams increased 33% in 2024 with losses exceeding $16 billion, with students being particularly vulnerable targets—Gen Z members are more than twice as likely to fall for scams compared to baby boomers. Students are targeted through various schemes including fake job opportunities, concert tickets, gift cards, and loan scams, primarily via mass emails and text messages, with most scams originating from outside the country. To stay safe, students should verify sender legitimacy, watch for red flags like unsolicited job offers, and utilize resources like ASU's Get Protected service and CISA advisories to stay informed about trending scam tactics.
thecharlottepost.com
· 2025-12-07
At a JPMorganChase-sponsored panel during the 2025 NABJ convention in Cleveland, financial and cybersecurity experts educated journalists about evolving fraud and scam tactics, noting that in 2024 the FTC received complaints totaling $12.5 billion in losses, with one in three Americans experiencing a scam in the past year. The panel distinguished between fraud (illegal account access) and scams (manipulation to extract personal information), and highlighted emerging threats including AI-generated impersonations that use social media information to create convincing fake communications from loved ones. Key prevention strategies include verifying sources, using two-factor authentication, and consulting trusted contacts before responding to suspicious requests.
cnbc.com
· 2025-12-07
Two U.S. senators sent a letter to Match Group (parent company of Tinder, Hinge, and OkCupid) demanding information about the company's efforts to combat romance scams on its platforms, which involve fraudsters creating fake profiles to extract money or gifts from victims over weeks or months. The senators expressed concern that Match's algorithmic design may enable scammers to build trust, and gave the company until October 15 to provide evidence of fraud prevention measures, citing global romance scam losses in the hundreds of millions of dollars annually. Match responded that it has invested in fraud detection, safety features, and law enforcement partnerships, and has implemented tools like "face check" to prevent fake profiles.
consumer.ftc.gov
· 2025-12-07
Job seekers are increasingly targeted by phony business opportunities, work-at-home scams, fraudulent employment agencies, and multi-level marketing schemes. The FTC, led by Chairman Andrew Ferguson, has established a Labor Task Force to combat these practices and encourages consumers to report suspected job scams at ReportFraud.ftc.gov.
franklinobserver.town.news
· 2025-12-07
Between 2023 and May 2025, the FBI's Boston Division documented 103 courier-based fraud schemes targeting elderly residents, resulting in over $26 million in losses, with Massachusetts victims accounting for $18.6 million of that total. The scams typically involved fraudsters impersonating family members, government officials, or tech support representatives who convinced victims (98% over age 60) to either transfer funds to fake accounts or hand cash and gold to couriers sent to their homes. Nationally, the same period saw at least 1,737 similar courier fraud cases with approximately $186.2 million in documented losses, though the actual total is believed to be significantly higher.
globalnews.ca
· 2025-12-07
**Summary:**
Manitoba RCMP investigated four "grandparent scams" targeting older adults in the Flin Flon area, where callers impersonated family members or lawyers claiming victims needed to send money urgently for bail or fines. Two victims lost thousands of dollars, while a third potential loss was intercepted; police emphasized that this scam variation is relatively new to northern Manitoba and urged residents to hang up and contact police directly rather than send money.
observer-reporter.com
· 2025-12-07
This letter highlights telephone scams targeting seniors, particularly the "relative-in-jail" and "arrest for missed jury duty" schemes that demand payment via gift cards or bitcoin. The author advocates for community education, suggesting that churches and trusted individuals encourage seniors to verify suspicious requests with family, friends, or police before making any financial transactions.
wral.com
· 2025-12-07
An elderly woman near Wake Forest, North Carolina was scammed out of $200 by a man claiming to represent the NC Department of Transportation who offered to pour leftover concrete on her driveway for $500 total. The scammer took the $200 cash she had available, roped off the driveway with caution tape, and promised to return the next morning with workers to complete the job, but never returned. The Wake County Sheriff's Office is investigating the incident, and NCDOT confirmed no legitimate work was occurring in the area and advised residents to verify any such offers through official NCDOT offices.
liverpoolecho.co.uk
· 2025-12-07
Evri has alerted UK customers, particularly iPhone users, about an escalating phishing scam where fraudsters send fake Evri profiles that, when downloaded, modify device settings and intercept personal information, resulting in unauthorized account withdrawals. The delivery company reports a 10% increase in phishing scams and has dismantled over 18,000 malicious scam sites and counterfeit profiles in recent months, while UK fraud victims lose an average of £765 each with 40% unable to recover any funds. Evri advises customers to watch for poor language, lack of personal details, and suspicious links when identifying delivery scams.
tristatealert.com
· 2025-12-07
Pennsylvania Attorney General Dave Sunday warned the public about potential scams exploiting donations for three Northern York County Regional Police officers killed in a recent shooting and two injured officers. The alert advises donors to verify fundraising legitimacy by checking official police department and Sheriff's Office social media pages and confirming endorsements from police associations before contributing. Individuals who suspect they've been scammed can report it to the Attorney General's Bureau of Consumer Protection.
washingtontimes.com
· 2025-12-07
Two U.S. senators requested detailed information from Match Group about its fraud-prevention measures following reports that romance scams have become a leading form of financial fraud in the U.S., costing Americans $1.14 billion in 2024. The FTC previously found that up to 30% of new Match.com members were scammers between 2013 and 2018, resulting in a $14 million settlement last month. Match Group, which owns Tinder, OkCupid, Hinge, and other dating platforms, has committed to fraud detection investments and requested a constructive dialogue with the senators, who set an October 15 deadline for the company's response
bitdefender.com
· 2025-12-07
**"Scamfluencers" on social media platforms like YouTube, Telegram, and TikTok are openly teaching followers—increasingly teenagers—how to commit online fraud, with figures like "Format Boy" providing step-by-step tutorials on romance scams, fake identities, and deepfake technology, while others like Hushpuppi glamorize fraud-funded lifestyles. These content creators use motivational language and entertainment framing to normalize scamming, putting vulnerable young people at risk of both becoming perpetrators and victims of online fraud.**
wjla.com
· 2025-12-07
A DC-area jet pilot's identity has been stolen and used in a decade-long romance scam affecting hundreds of victims across multiple states, with losses now estimated in the millions of dollars. Criminals created fake dating profiles using the real Pat Marsh's name, details, and photos to build trust with women and extract money through fabricated emergencies and requests, with individual losses ranging from thousands to hundreds of thousands of dollars. A South Carolina detective is now investigating over 60 cases using the "Patrick Marsh" persona, noting that victims over 60 lose an average of $83,000 compared to the overall romance scam average of $19,000.
wabi.tv
· 2025-12-07
Somerset County is hosting free one-hour fraud awareness workshops throughout October in partnership with AARP and local law enforcement to combat elder fraud, which costs Mainers millions annually. Maine residents over 65 lost nearly $13 million to fraud last year, with common scams including fraudulent crowdfunding pages like GoFundMe; the workshops will teach residents to identify threats, report crimes immediately, and seek help.
eagletribune.com
· 2025-12-07
Between 2023 and May 2025, the FBI's Boston Division documented 103 courier fraud scams targeting elderly residents, resulting in over $26 million in losses nationally and $18.6 million in Massachusetts alone. Nearly all victims (98%) were over 60 years old and were deceived into believing they were helping a family member or paying a government debt, after which fraudsters sent couriers to collect cash or gold bars from their homes.
kristv.com
· 2025-12-07
The "Cloud Boost" scam defrauded multiple victims in the Corpus Christi area by promising easy money for watching videos and boosting social media posts, with victims losing thousands of dollars. The scheme operated through various tactics including small initial payouts to build trust, pressure to purchase higher-level packages, fake withdrawal fees, and crypto payment requirements, with one victim, Melissa Brewer, losing approximately $15,000 after initially investing $510. The Better Business Bureau advises potential victims not to invest upfront money, to cut off contact with scammers, report the fraud to the BBB and FTC, and warn others to avoid similar schemes.
usatoday.com
· 2025-12-07
"Ghost tapping" is a tap-to-pay fraud scheme where criminals steal money directly from bank accounts without authorization. The Better Business Bureau issued a public warning about this and related contactless payment fraud methods, advising consumers on defensive measures to protect their financial accounts from this type of theft.
wyff4.com
· 2025-12-07
This article provides guidance for individuals who have fallen victim to a scam, emphasizing that quick action can improve recovery chances. Key immediate steps include: stopping all contact with the scammer and blocking them; securing finances by changing passwords and contacting banks to reverse fraudulent charges; monitoring credit reports and placing fraud alerts or freezes with major credit bureaus; updating antivirus software if devices were compromised; and reporting the incident to local police, state consumer protection agencies, and the FTC. The article notes that in 2024, the FTC received over 2.6 million fraud reports from U.S. consumers, highlighting the prevalence of scams targeting Americans.
foxnews.com
· 2025-12-07
Overpayment scams are rising in frequency and can leave victims thousands of dollars in debt by sending counterfeit checks for more than agreed amounts, then requesting the victim forward the difference to a third party before the fraudulent check bounces. Common variations include dog-walking services, online marketplace sales, mystery shopper jobs, rental deposits, and work-from-home equipment schemes, all following the same pattern of false urgency and fabricated legitimacy. Protection requires verifying payment methods, refusing third-party forwarding requests, using secure online payment systems, and reporting suspicious activity to the FTC and state authorities.
mychesco.com
· 2025-12-07
Pennsylvania Attorney General Dave Sunday warns seniors of a rising Medicare scam involving unsolicited shipments of durable medical equipment (such as oxygen machines and wheelchairs) that scammers bill to patients or Medicare without legitimate prescriptions. The scam is used as a pretext to collect fraudulent payments and reimbursements from both individuals and the state Medicare program. Seniors are advised to review Medicare claims regularly, refuse to share personal information with unknown callers, verify questionable medical bills with their doctors, and report suspected scams to Medicare (1-800-MEDICARE) or the Attorney General's office.
wbznewsradio.iheart.com
· 2025-12-07
Gloucester, Massachusetts voted to ban Bitcoin ATMs due to a surge in cryptocurrency scams predominantly targeting senior citizens, with approximately $11 million stolen from victims in Essex County during 2025 alone. Scammers use the ATMs to facilitate fraud schemes, such as emergency bail-out scams, by convincing victims to transfer money to untraceable cryptocurrency accounts. The city council unanimously approved the ordinance, giving the two existing Bitcoin ATMs in the city 30 days to cease operations, and cited a 99 percent increase in FBI complaints related to virtual currency kiosks in 2024.
yahoo.com
· 2025-12-07
The Financial Exploitation Prevention Act, reintroduced in September by Senators Bill Hagerty (R-TN) and Ruben Gallego (D-AZ), would empower financial institutions to detect and delay suspicious transactions targeting seniors, particularly those involving securities and real estate. Financial exploitation costs U.S. seniors approximately $27 billion annually, and the bill seeks to close existing protection gaps by requiring the SEC to recommend legislative and regulatory changes to combat senior financial abuse, including romance scams and fraudulent home-related transactions.
wvnstv.com
· 2025-12-07
A growing number of seniors have reported falling victim to scam attempts, prompting Congress to advance the bipartisan Financial Exploitation Prevention Act to establish resources for identifying suspected financial abuse of elderly and disabled individuals. Adults over 60 lose an estimated $28.3 billion annually to financial exploitation, with gift card scams being increasingly common—one victim lost $2,000-$3,000 after scammers obtained her credentials. Local resource organizations advise seniors to be cautious of any requests for personal information via mail, email, or text, and to contact trusted individuals or call the National Elder Fraud Hotline at 833-FRAUD-11 if they suspect fraud.
cbsnews.com
· 2025-12-07
A 22-year-old man from Pompano Beach was arrested after scamming an out-of-state senior citizen out of more than $20,000 in a bank fraud scheme where he impersonated a Wells Fargo representative and "investigator" to pressure the victim into withdrawing and mailing cash. The suspect, Omari Burke, was apprehended at Fort Lauderdale-Hollywood International Airport after posting bragging photos on social media, and investigators believe he may have targeted additional seniors using similar tactics. The victim reported the scam devastated his savings, and authorities warned the public that legitimate banks never request customers withdraw funds or share PINs with third parties.
citizen.co.za
· 2025-12-07
The Johannesburg Metropolitan Police Department (JMPD) warned the public about a WhatsApp-based recruitment scam falsely offering jobs with the department, where a person claiming to be "T Kuduza" solicited payments of R2,500 to R7,000 from applicants to skip parts of the recruitment process. The JMPD emphasized that it does not charge any fees for recruitment and that official communication never requests payment via eWallet or Cash Send, urging the public to be cautious during a period of high unemployment (33.2%). Those who received fraudulent messages or fell victim were instructed to report the scam to the department's Internal Affairs Unit.
telecomtv.com
· 2025-12-07
Nearly 8% of ASEAN consumers fell victim to scams in the past year, with 84% of respondents believing scams are increasing, according to a GSMA-commissioned report surveying over 3,000 consumers across six Southeast Asian countries. The study found that 11% of victims suffered significant financial losses, 67% report high anxiety about scams, and 92% have changed their online behavior, while voice calls and messaging apps deliver 37% of scams. The report calls for unified action among governments, banks, mobile operators, and tech platforms to standardize security protocols, improve threat detection, and expand digital literacy to restore consumer confidence in the region's digital economy.
wcvb.com
· 2025-12-07
This article provides actionable guidance for scam victims to minimize financial and identity damage. Key steps include immediately ceasing contact with the scammer, changing passwords and notifying financial institutions to reverse charges, monitoring credit reports and placing fraud alerts or credit freezes, scanning devices for malware, and reporting the incident to police, state consumer protection agencies, and the FTC. Quick action and continued vigilance can significantly improve recovery outcomes for the millions of Americans targeted by scams annually.
azag.gov
· 2025-12-07
Arizona's new Cryptocurrency Kiosk License Fraud Prevention law took effect to combat Bitcoin ATM scams that cost Arizonans $177 million in 2024, with seniors over 60 representing two-thirds of victims. The law implements daily transaction limits ($2,000 for new customers, $10,500 for existing), mandatory warning displays, required transaction receipts, and operator refund obligations for fraud victims within 30 days. Attorney General Mayes also issued consumer protection tips emphasizing verification of caller identity, skepticism toward unsolicited requests for cryptocurrency payments, and consultation with trusted individuals before financial decisions.
inforum.com
· 2025-12-07
Hundreds of older adults attended Fraud Fest, an AARP-hosted event in Fargo designed to educate seniors on protecting themselves from scams. The program featured a former prosecutor with experience on over 750 elder fraud cases and highlighted emerging threats like AI-generated deepfakes impersonating family members, emphasizing that recognizing red flags is key to prevention. Additional Fraud Fest events were scheduled for Moorhead and Grand Forks to reach more seniors and veterans.
mhobserver.com
· 2025-12-07
Two Alabama residents were arrested in an undercover operation targeting impersonation scams targeting elderly victims, after attempting to collect a package containing $250,000 in bait money that an elderly man had been instructed to send via FedEx to Mountain Home. Josiah Kamal Smith, 25, and Briana Brittany Norwood, 33, were charged with criminal attempt to commit theft of property, conspiracy to commit theft of property, and financial identity fraud; Smith had been recruited as a "money mule" for $500 to pose as a deputy and collect the package, while Norwood drove him for the same amount. The arrests are part of a larger investigation that began in July
abc.net.au
· 2025-12-07
An Interpol-coordinated crackdown in July and August resulted in 260 arrests across 14 African countries involved in online romance and sextortion scams that targeted over 1,400 victims and caused losses of approximately $2.8 million USD. The scams involved perpetrators using fake identities and profiles to build romantic relationships, extort money through false fees, and blackmail victims with explicit images. Interpol highlighted that the proliferation of online platforms has created new avenues for criminal networks to exploit victims financially and psychologically.
interpol.int
· 2025-12-07
During Operation Contender 3.0 (July 28–August 11, 2025), authorities in 14 African countries arrested 260 suspects and seized 1,235 electronic devices in a coordinated crackdown on cybercrime networks using romance scams and sextortion schemes. The operation identified 1,463 victims with estimated losses of USD 2.8 million, dismantling 81 cybercrime infrastructures across Africa through international collaboration between law enforcement and private sector partners. Notable outcomes included Ghana's arrest of 68 suspects with USD 450,000 in identified losses (USD 70,000 recovered), Senegal's takedown
apnews.com
· 2025-12-07
An Interpol-coordinated crackdown across 14 African countries in July and August resulted in the arrest of 260 suspects involved in online romance and sextortion scams that targeted over 1,400 victims and caused nearly $2.8 million in losses. The operation focused on perpetrators who used fake identities and profiles to build romantic relationships, extract money through false fees, and blackmail victims with explicit images, with Ghana accounting for 68 arrests and Senegal for 22 arrests of suspects posing as celebrities.
fallriverreporter.com
· 2025-12-07
Between 2023 and May 2025, the FBI Boston Division documented 103 courier-based fraud schemes resulting in over $26 million in losses, with 59 Massachusetts victims (98% over age 60) losing $18.6 million collectively. The scams primarily used "grandparent," "government impersonation," or "tech support" tactics to trick victims into giving cash or gold bars to couriers, with the FBI reporting at least 1,737 similar incidents nationwide totaling approximately $186.2 million in losses during the same period.
bbc.com
· 2025-12-07
A coordinated Interpol operation across 14 African countries resulted in the arrest of approximately 260 suspected cyber scammers involved in romance scams and sextortion between July and August. Over 1,400 victims, including many elderly individuals, lost a combined $2.8 million, with the operation also dismantling 81 cyber-crime groups and seizing numerous devices and forged documents. Ghana saw the most arrests with 68 suspects and $70,000 recovered from $450,000 in losses, while other countries like Senegal and Ivory Coast uncovered additional networks using fake profiles and blackmail tactics to defraud victims.
microsoft.com
· 2025-12-07
Researchers at University College London studied the "hi mum and dad" SMS scam, where fraudsters impersonate children to convince parents to send money urgently. Through collaboration with a UK mobile operator and undercover interactions with 711 scammers, the study identified 582 mule accounts and found scammers requested over £577,000 in a three-month period, primarily exploiting psychological principles of kindness, distraction, and time pressure. The research provides the first empirical analysis of this technique and recommends mitigations involving mobile operators and financial institutions.
cbsnews.com
· 2025-12-07
A Colorado man lost $1.4 million in a romance scam after meeting a woman online who posed as a business owner and cryptocurrency investor, convincing him to make four transactions for supposed crypto investments that he could not access. When he attempted to withdraw funds, he was told he needed to pay an additional $400,000 to access his money, prompting his sister to encourage him to contact authorities and the Colorado Bureau of Investigation. Though investigators tracked the funds to cold storage wallets, they were unable to identify the perpetrator, and authorities warn that romance scammers use grooming tactics and red flags like requesting money and refusing in-person meetings.
harris-sliwoski.com
· 2025-12-07
**Article Type:** Educational/Awareness Guide (Not a specific elder fraud case)
This guide outlines international business scams targeting companies, explaining how fraudsters use psychological tactics like urgency and false credibility to manipulate businesses into wiring upfront fees to phantom partners. The article provides prevention strategies including independent verification of counterparties, legal review of contracts, secure confirmation of banking details, team training on red flags, and rapid response protocols within 72 hours if fraud occurs, supported by real case examples ranging from fake subsidiaries to fabricated financial institutions.
diabetes.org
· 2025-12-07
The American Diabetes Association warns of scams targeting people with diabetes who are offered discounted or free blood glucose meters, test strips, and other supplies that may be unsafe, unapproved, or falsely endorsed by the ADA. The organization advises consumers to verify FDA approval, purchase only from licensed pharmacies or trusted suppliers, never share Medicare or insurance information with unsolicited callers, and consult their doctor when in doubt about products. Fraudsters often exploit seniors and vulnerable individuals by misrepresenting product endorsements or safety claims.
becu.org
· 2025-12-07
This educational article identifies the six most common financial scams in 2025, including imposter scams, online shopping scams, investment scams, job opportunity scams, carrier scams, and debt/credit scams, which are perpetrated through phone calls, texts, emails, social media, websites, and pop-ups. According to the Federal Trade Commission, scams resulted in $12.5 billion in losses in 2024, with people aged 70 and older losing significantly more money than any other age group, sometimes losing their entire life savings. The article advises consumers to avoid clicking links in unsolicited messages, verify the legitimacy of contacts before sharing personal information, and remain vigil
14news.com
· 2025-12-07
The Green River Area Development District is hosting an annual "Senior Day Out" event on September 30 to educate seniors on recognizing and avoiding fraud and scams that target their age group. The event will feature information booths, local resources, entertainment, lunch, vaccines, and door prizes to encourage seniors to socialize while learning about health and safety issues relevant to them.
states.aarp.org
· 2025-12-07
Cryptocurrency ATMs, which lack traditional banking regulations, have become a major fraud vector in Arizona and nationwide, with the FBI reporting 10,956 complaints totaling $246.7 million in losses in 2024—a 99 percent increase from 2023. Older adults over 60 are disproportionately targeted through common scams (government impersonation, investment, and romance schemes) that trick victims into withdrawing cash and converting it to cryptocurrency, which is nearly impossible to recover. In response, Arizona passed HB 2387 in 2025, which implements daily transaction caps ($2,000 for new customers, $10,500 for existing customers),