【Beginner Tutorial】How to Spot a Pig-Butchering Scam
Someone adds you as a friend, chats about investing, shows off their returns, and invites you to a group? This could very well be a pig-butchering scam. Remember these four steps: 1. Verify their identity—strangers who proactively recommend coins are usually shills; 2. Check the platform—only trade through official apps, and don't click links they send you; 3. Evaluate the returns—promises of guaranteed profits are almost always fake; 4. Slow down transfers—before making a large transfer, take a day to think it over. Be careful: don't deposit money on the other person's platform, and never reveal your recovery phrase or verification codes. Have you encountered a similar scam?
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(Source: Basic Trading Knowledge)
⚠️Risk Warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risks; please exercise caution when entering the market.