🚨 Crypto Scam Alert! 🚨
- The CFTC has teamed up with the American Bankers Association and federal regulators to tackle "pig butchering" crypto scams.
- These scams use fake romantic relationships to lure victims into fraudulent crypto investments.
- An infographic explains how these scams work and how to avoid them.
- The best advice? Just don't respond to unsolicited messages.
- Federal agencies like the SEC, FINRA, and FBI are spreading the word to protect consumers.
- Americans lost $5.6B to crypto fraud in 2023, with "romance" scams costing over $215M.
Stay savvy, folks! 🐷💔