Adrian Przelozny, CEO of Australian cryptocurrency exchange Independent Reserve, said the exchange is implementing stricter monitoring of cryptocurrency transactions by older customers, especially those over 80. When the exchange detects older customers making cryptocurrency withdrawals, they call to confirm those transactions to prevent fraud. Przelozny pointed out that according to data analytics, cryptocurrency users over the age of 65 are at high risk of being targeted by scams because they are not familiar with the internet and technology. To protect these customers, Independent Reserve has a dedicated compliance department. Once suspicious transactions are detected, team members will immediately contact customers to inquire about transaction details and determine whether there is a risk of fraud. In addition, Przelozny mentioned that people from low-income areas are also more susceptible to scams because they may be more likely to pursue quick money-making opportunities. Although certain transactions are sometimes misjudged as scams, such measures are necessary to prevent more people from being scammed. According to the Australian Federal Police, 382 million Australian dollars were lost to investment scams in 2023, of which about 47% were related to cryptocurrencies, showing the importance of strengthening fraud prevention measures.