🚨 Big news in the crypto world! The SEC has taken its first action against "pig butchering" scams, filing lawsuits against three individuals and five companies. These fraudsters befriended victims on social media, gained their trust, and convinced them to invest in fake crypto platforms before vanishing with their funds. 💸

Two major cases involve NanoBit and CoinW6, defrauding investors of nearly $3.2M combined. The SEC warns: be cautious of investment opportunities promoted by strangers online.

What are your thoughts on these scams? Have you or someone you know been affected? Share your stories below! #CryptoScam #SEC #CryptoNews