AARP Washington St.
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@AARPWA
AARP's Washington State office in Seattle serves our state's over 860,000 members.
With the legislative clock ticking, a bill in Olympia that would tighten rules on crypto kiosks is headed for a key House hearing as supporters warn the machines are increasingly being used to steal money from older adults. Senate Bill 5280 targets crypto kiosks — devices that resemble ATMs and allow users to exchange cash for cryptocurrency. Backers say the measure would help curb financial fraud that they say disproportionately affects seniors. An FBI report from 2024 found the agency received nearly 11,000 complaints involving crypto kiosks, with reported losses of nearly $250 million. People 60 and older accounted for the majority of the losses, according to the report. One Olympia woman said she was among the victims. Fearing retaliation, she asked KOMO News to conceal her identity and to call her Jane, which is not her real name. MORE: bit.ly/3ZYdZeb
Olympia retiree scammed $17K w/this bogus arrest warrant. Scammers had her SS#, and private info, even called from local number w Caller-ID that said ‘Public Service’ scared her into depositing cash into crypto kiosks/now supporting SB5280. Hearing Tuesday More at 5pm @komonews
