August 13, 2022

Home Bitcoin News Bitcoin Scam Keep away from the most recent cryptocurrency rip-off – WJHG

Keep away from the most recent cryptocurrency rip-off – WJHG

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PANAMA CITY, Fla. (WJHG/WECP) – The most recent cryptocurrency rip-off generally known as “pig butchering” or “pig slaughtering” encourages victims to place an increasing number of 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 courting 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 tips:

  • Solely scammers demand fee in cryptocurrency. No reliable enterprise goes to demand you ship cryptocurrency upfront – to not purchase one thing, and to not shield your cash. That’s at all times a rip-off.
  • Solely scammers will assure earnings or large returns. Don’t belief individuals who promise you possibly can shortly and simply make cash within the crypto markets.
  • By no means combine on-line courting and funding recommendation. For those who meet somebody on a courting website or app, they usually wish to present you how you can put money into crypto, or asks you to ship them crypto, that’s a rip-off.

For extra tips about how you can keep away from cryptocurrency scams, click on here.

Copyright 2022 WJHG. All rights reserved.

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