Avoid the latest cryptocurrency scam

PANAMA CITY, Fla. (WJHG/WECP) – The most recent cryptocurrency rip-off referred to as “pig butchering” or “pig slaughtering” encourages victims to place increasingly cash right into a faux cryptocurrency funding solely to “fatten them up” earlier than a scammer disappears with their cryptocurrency.

This rip-off is mostly seen on relationship websites and social media.

Florida’s Chief Monetary Officer, Jimmy Patronis, spoke with NewsChannel 7 about what to search for and methods to keep away from these scammers.

Patronis shared the following pointers:

• Solely scammers demand cost in cryptocurrency. No respectable enterprise goes to demand you ship cryptocurrency prematurely – to not purchase one thing, and to not shield your cash. That’s at all times a rip-off.
• Solely scammers will assure income or large returns. Don’t belief individuals who promise you’ll be able to shortly and simply make cash within the crypto markets.
• By no means combine on-line relationship and funding recommendation. When you meet somebody on a relationship website or app, they usually need to present you methods to spend money on crypto, or asks you to ship them crypto, that’s a rip-off.

For extra tips about methods to keep away from cryptocurrency scams, click on right here.

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