BitoGroup Returns to the Senior Expo and Maps Out New Crypto Fraud Traps

BitoGroup, a Taiwan-based virtual asset company, is back at the Senior Health Industry Expo for the third year in a row and is using the booth to focus on scam prevention for older users. The company said the Aug. 7-9 event features an online campaign called the “Anti-Scam Quiz,” along with booth activities designed to push members to complete platform security settings and enter a draw for crypto blind boxes. Visitors can also take part in anti-scam interaction games and win prizes including gold coin blind boxes and Whoscall Premium redemption codes. BitoGroup said its analysis suggests people aged 55 and above often fit a “high assets, long dormancy” profile. Many hold major assets such as bitcoin but trade only rarely. If a dormant account suddenly becomes active, the company said, that can be a warning sign that the user has already fallen into a fraud scheme. Founder and CEO Ted Chung said: “Active anti-fraud is BitoGroup’s top task and corporate responsibility. Through technology defense and cross-sector joint prevention, we have seen notable blocking effects. Many scams start when victims are led into illegal platforms and non-custodial wallet traps. BitoGroup will continue to strengthen financial accessibility and anti-fraud defenses, and help older users enter the digital finance era with confidence.” The company said it reviewed a broad set of recent scam cases from the past six months and grouped them into three common patterns targeting older users. The first is fake loans and credit-assessment traps, where scammers impersonate legitimate financial institutions, use money-management or investment needs as bait, and ask victims to open crypto accounts and buy USDT as a so-called credit-assessment asset. In practice, BitoGroup said, the goal is to turn the account into a money mule. The second pattern is fake romance and fake investment extortion. Scammers spend months building trust, then push victims to move funds to a fake exchange. When victims try to withdraw their principal, fake customer service agents demand more money under the labels of account risk controls, unpaid taxes, late fees, or network conversion charges. The third is second-stage fraud by impostors posing as experts. When victims search online for help, fake lawyers or fake anti-scam groups claim they can recover on-chain assets through technical means and take advantage of the victim’s urgency to get the money back. BitoGroup said it is building protection on two fronts: technology defense and financial literacy. On the technical side, the platform offers Passkey, 2FA, anti-phishing codes, identity verification, suspicious transaction monitoring, and cross-sector coordination with banks and law enforcement. Its customer service team also reaches out to high-risk users. On the education side, BitoGroup regularly holds anti-scam seminars and case briefings. It has also partnered with Whoscall, the anti-fraud app from Gogolook, to offer a one-minute test for Whoscall Premium redemption codes during the expo. Booth activities include anti-scam quizzes, gold coin blind box giveaways, and a BTC collectible coin set for social followers. BitoGroup said the goal is to stop scam contact routes as early as possible and make anti-fraud knowledge part of everyday life. (The above content was provided by BitoGroup.)