Crypto Cults Are Scamming The Life Savings You Worked Years For

At 60+, you’re the preferred target with the highest loss of roughly $83,000 per victim, while younger audiences remain the largest adopters.

A father of three in New York had invested his family’s entire $375,000 life savings into the Celsius cryptocurrency platform after months of reassurance from its founder, Alex Mashinsky. He urged investors to “ignore the FUD,” crypto slang for “Fear, Uncertainty, and Doubt.”

Celsius then froze all withdrawals. The money was gone, with more than 26,000 N…