{"id":29060,"date":"2024-09-12T13:00:15","date_gmt":"2024-09-12T10:00:15","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=29060"},"modified":"2024-09-12T09:24:47","modified_gmt":"2024-09-12T06:24:47","slug":"cftc-teams-up-to-fight-crypto-scams-and-pig-butchering","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/cftc-teams-up-to-fight-crypto-scams-and-pig-butchering\/","title":{"rendered":"CFTC Teams Up to Fight Crypto Scams and Pig Butchering"},"content":{"rendered":"<p>Through new alliances, the Office of Customer Outreach and Education (OCEO) of the <strong>Commodity Futures Trading Commission (CFTC)<\/strong> seeks to provide focused information regarding crypto currency investment scams.<\/p>\n<p>A <strong>CFTC<\/strong> announcement states that the American Bankers Association Foundation, a &#8220;private regulator,&#8221; and other federal agencies are collaborating with the OCEO to design and distribute an infographic helping viewers identify and avoid &#8220;pig butchering&#8221; schemes. The OCEO is also working with other groups, including the Office of Investor Education and Advocacy of the U.S. Security and Exchange Commission, to create an investor alert concerning pig slaughtering frauds.<\/p>\n<p><em>\u201cPartnering with federal and state regulators as well as consumer protection groups and other organizations helps spread the <strong>CFTC\u2019s<\/strong> customer education message and hopefully reaches people before they can get scammed. These partnerships focus on a relationship confidence fraud the perpetrators commonly refer to as \u2018pig butchering,\u2019 that is estimated to cost Americans billions each year,&#8221;<\/em> said Melanie Devoe, Director of Customer Education and Outreach.<\/p>\n<p>In the past year, pig butchering frauds have progressively supplanted Ponzi schemes as thieves seek more focused targets to maximize benefits.<\/p>\n<p>&nbsp;<\/p>\n<p><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram,\u00a0<\/strong><\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener nofollow\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>,\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" target=\"_blank\" rel=\"nofollow noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">the latest\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" title=\"News\" href=\"https:\/\/coinengineer.net\/blog\/news\/\" data-internallinksmanager029f6b8e52c=\"7\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">news<\/a>\u00a0and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Through new alliances, the Office of Customer Outreach and Education (OCEO) of the Commodity Futures Trading Commission (CFTC) seeks to provide focused information regarding crypto currency investment scams. A CFTC announcement states that the American Bankers Association Foundation, a &#8220;private regulator,&#8221; and other federal agencies are collaborating with the OCEO to design and distribute an<\/p>\n","protected":false},"author":6,"featured_media":4651,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1281,8567,8566],"class_list":["post-29060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cftc","tag-oceo","tag-pig-butchering"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CFTC Teams Up to Fight Crypto Scams and Pig Butchering - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/cftc-teams-up-to-fight-crypto-scams-and-pig-butchering\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CFTC Teams Up to Fight Crypto Scams and Pig Butchering - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Through new alliances, the Office of Customer Outreach and Education (OCEO) of the Commodity Futures Trading Commission (CFTC) seeks to provide focused information regarding crypto currency investment scams. A CFTC announcement states that the American Bankers Association Foundation, a &#8220;private regulator,&#8221; and other federal agencies are collaborating with the OCEO to design and distribute an\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/cftc-teams-up-to-fight-crypto-scams-and-pig-butchering\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-12T10:00:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-09-12T06:24:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2023\/10\/tempory-7.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/cftc-teams-up-to-fight-crypto-scams-and-pig-butchering\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/cftc-teams-up-to-fight-crypto-scams-and-pig-butchering\/\",\"name\":\"CFTC Teams Up to Fight Crypto Scams and Pig Butchering - 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