You wake up, check your crypto wallet, and boom—your hard-earned money is gone! No trace, no refund, just an empty account and a sinking feeling.

This isn’t just a nightmare—it’s the reality for thousands of crypto investors who fell victim to scams. But there’s a new sheriff in town. 🚔💰

The California Department of Financial Protection and Innovation (DFPI) has taken a stand, shutting down 26 scam websites and exposing $4.6 million in losses. This operation, in collaboration with the Department of Justice (DOJ), is just the beginning of a larger war against crypto fraud.

🔎 What’s happening?

Over $1.2 billion was lost to crypto scams in California in 2023.

Authorities received 2,668 complaints, leading to 7 newly identified fraud schemes.

The Crypto Scam Tracker is now stronger, exposing Bitcoin mining frauds, fake job offers, gaming scams, airdrop traps, and wallet drainers.

🚹 The ‘Pig Butchering’ Playbook

Scammers aren’t just after your money—they’re playing with your trust. A new 'Pig Butchering' scam playbook has been released, showing how criminals lure victims into fake investments with emotional manipulation. The shocking part? These scams have grown by 40% year over year!

💡 Stay Safe!

✅ Never trust "too good to be true" crypto returns.

✅ Avoid unknown crypto recovery services.

✅ Report any suspicious activity to the DFPI.

Crypto scams are evolving, but so are the defenses against them. Share this post to keep your friends and fellow investors safe! 🔄💡

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