đ¨ CFTC Teams Up With SEC to Tackle Cryptocurrency Scams đ¨
The Commodity Futures Trading Commission (CFTC) has joined forces with the SEC, FBI, IRS, and other organizations to fight against rising cryptocurrency scams, particularly those targeting victims through fake romantic relationshipsâalso known as "pig butchering" scams. đđ¸
These fraudsters lure victims by building false trust and then convincing them to invest in fake cryptocurrency schemes. To raise awareness, the CFTC and its partners have launched new resources to help consumers recognize the warning signs and protect themselves.
đ What to Watch For:
Beware of anyone you meet online who quickly builds trust and encourages crypto investments.
Watch out for promises of high returns or âexclusiveâ opportunities.
If youâve been targeted, report it immediately and take the necessary steps to safeguard your finances.
Stay safe in the crypto space and always verify before you trust! đĄď¸
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