According to ChainCatcher, the U.S. Commodity Futures Trading Commission (CFTC) has partnered with several agencies, including the U.S. Securities and Exchange Commission (SEC), to launch a public education program focused on combating cryptocurrency-related scams, especially the "pig killing" scam.
The CFTC, along with the American Bankers Association Foundation and federal agencies such as the FBI and IRS, launched an infographic to help consumers identify scams.
The investor alert, issued in collaboration with the SEC, the Financial Industry Regulatory Authority (FINRA) and the North American Securities Administrators Association (NASAA), reminds the public not to respond to unsolicited messages and encourages reporting of suspicious text messages.