**Crypto Scam Alert: "Pig Butchering" on the Rise**

The U.S. Commodity Futures Trading Commission (CFTC) has teamed up with the American Bankers Association Foundation and multiple federal regulators to combat "pig butchering" crypto scams. These scams often start on social media, where fraudsters build fake romantic relationships to lure victims into bogus crypto investments.

The CFTC's new infographic, created with the help of the SEC, FINRA, and other agencies, outlines how these scams work and offers tips on avoiding them. The FBI reports that Americans lost $5.6 billion to crypto fraud in 2023, a 45% increase from 2022. Stay vigilant and avoid unsolicited investment offers!