Inside the FBI’s crypto scam stopping operation – NBC 6 South Florida
Crypto scams are difficult to spot and stop, but the Federal Bureau of Investigation’s latest operation is targeting crypto scams before they start.
“Operation Level Up” helps to identify ongoing cryptocurrency investment fraud, according to the FBI.
Zacharia Baldwin, a supervisory special agent, says the operation works to notify potential cryptocurrency scam victims before they lose money. So far, the FBI says roughly 4,300 victims have been notified with an estimated savings of more than $285 million since January 2024.
Baldwin points out many victims fall into a scam known as “pig butchering.”
“So, it’s that feeding of the pig slowly or bleeding it slowly to the ultimate slaughter. So, they are…
