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A group of seven Democratic Senators, including Senator Dick Durbin and Senator Elizabeth Warren, have sent letters to ten Bitcoin ATM firms, urging them to address concerns about elderly fraud. This action follows reports of elderly Americans being coerced into depositing large sums of money into criminals' crypto wallets using Bitcoin ATMs. The Senators have asked the firms to respond to eight questions. In Houston, an 80-year-old woman lost nearly $80,000 in a crypto scam and an unrelated robbery. Houston police (HPD) are currently seeking suspects in connection with these incidents, where the woman lost $76K.
It’s an interview you'll hear only on KHOU 11 – an 80-year-old woman told @JMilesKHOU about how she was targeted by scammers before being robbed at a Bitcoin ATM. That robbery was caught on video. In total, she was taken for close to $80K. https://t.co/lM6ak1Ox0P https://t.co/b0ziZA6lpB
🚨NEW: A Group of Seven Democratic Senators (@SenatorDurbin, @SenWarren, @SenJackReed, @SenBlumenthal, @SenWhitehouse, @SenPeterWelch, @TinaSmithMN) have sent letters to 10 Bitcoin ATM firms asking a response to eight questions surrounding elderly fraud concerns https://t.co/b6qRYDAB4Z https://t.co/euhP8aYPSc
Houston police seek suspects after elderly woman loses $76K in unrelated robbery and crypto scam https://t.co/PUajoDG9tl