Just off the phone with a close friend who's octogenarian mother was scammed into withdrawing tens of thousands of dollars in cash from her bank, then buying and sending Bitcoin to the scammers. He was hoping I could help. Beyond basic on-chain analysis, of course, I can't.

But what stuck with me is this: if a large, regional bank doesn't flag and prevent an elderly person from taking thousands of dollars in cash out over a few days from multiple local branches, what even is the point of them? Incredible.

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Oh, fuck. Banks spend gazillions on “fraud protection” and can’t do the most basic things for their most vulnerable customers. It’s shameful.

On the nose.

They are there to block your 10 dollar coffee purchase in your own neighborhood. So grateful for them.

Incredible

Who the fuck approved her KYC?

Good thing we have government to protect us

This happens all the time and it’s awful and I know that I have a friend who works at a bank and people will come in doing this kind of thing all the time and they try to warn them and tell them not to do it and they cannot get them to listen