ChainCatcher reported that according to Bitcoin.com, the U.S. CFTC and the National Cryptocurrency Enforcement Team (NCET) of the Department of Justice (DOJ) held the first Fraud Disruption meeting this week to address crypto scams such as pig-killing trays. Such scams cause billions of dollars in losses to the American people every year, making them a key law enforcement focus.

Agencies participating in the meeting include the Federal Bureau of Investigation (FBI), the Social Security Administration, the U.S. Treasury Department, the Drug Enforcement Administration (DEA), the U.S. Postal Inspection Service, the U.S. Secret Service, the U.S. Attorney's Office for the District of Columbia, the U.S. Attorney's Office for Massachusetts, and the U.S. Securities and Exchange Commission.

CFTC Chairman Rostin Behnam stressed the urgency of combating these schemes, saying, “It is alarming to hear the countless stories of Americans being targeted by scams by global criminal organizations.” He emphasized the CFTC’s commitment to strengthening customer protection initiatives against retail fraud.

The meeting focused on prevention strategies, technological disruptions of fraud and collaborative law enforcement efforts. Participants also launched an anti-fraud campaign to alert Americans to emerging fraud threats.