PANAMA CITY, Fla. (WJHG/WECP) – The latest cryptocurrency scam known as “pig butchering” or “pig slaughtering” encourages victims to put more and more money into a fake cryptocurrency investment only to “fatten them up” before a scammer disappears with their cryptocurrency.
This scam is most commonly seen on dating sites and social media.
Florida’s Chief Financial Officer, Jimmy Patronis, spoke with NewsChannel 7 about what to look for and ways to avoid these scammers.
Patronis shared these tips:
For more tips on how to avoid cryptocurrency scams, click here.
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