🔍 Major crypto firms including Coinbase, Kraken, Gemini, and Ripple Labs, along with tech giants Meta and Match, have joined forces to launch the "Tech Against Scams" initiative. Their mission? To educate the public about common scams in the industry and how to avoid them. One scam on their radar is the "pig butchering" scheme, where fraudsters build trust with victims before swindling their money. While these scams are not exclusive to crypto, a recent report revealed that a whopping $5.9 billion was stolen via crypto-related scams in 2022. The good news? This represents only 0.34% of all crypto transactions globally. Stay safe, crypto enthusiasts! 💡