Jimmy Patronis warns of “pig butchering” cryptocurrency scam

by | Aug 3, 2022


  • Jimmy Patronis issuing a consumer alert about a new cryptocurrency scam
  • The romance scam, known as “pig butchering,” is making rounds on dating apps and websites
  • The CFO also offered a few tips Floridians can use to protect themselves from scammers

Chief Financial Officer (CFO) Jimmy Patronis is sounding the alarm on a new cryptocurrency scam known as “pig butchering.”

In a Wednesday news release, Patronis said that the online crypto scam, also known as “pig slaughtering,” is when victims are enticed to put money into an account, essentially fattening that account up, before disappearing with large amounts of cryptocurrency. Bad actors are utilizing dating apps, websites, and social media platforms to carry out the new romance scam.

“In Florida, we embrace emerging technology and innovation, but consumers must always stay on guard for scams especially as new financial products like Bitcoin and other cryptocurrencies become increasingly popular. Reports say cryptocurrency scams have bilked millions out of unsuspecting crypto investors; many of which were scammed through online dating apps over the course of several months,” Patronis said. “Just like with any major financial decision, consumers should do research and never transfer funds to someone you think is suspicious, untrustworthy, and whose identity you haven’t verified. You may as well kiss your money goodbye. If you feel you have been the victim of a scam, report it immediately at FraudFreeFlorida.com. Always remember, if an opportunity sounds too good to be true, it is.”

The CFO also offered a few tips from the Federal Trade Commission (FTC) that Floridians could use to avoid similar crypto scams.

In particular, Patronis noted that no legitimate business will demand consumers send cryptocurrency in advance, adding that Floridians shouldn’t trust people who promise quick and easy money on the crypto markets. Patronis also added that if you meet someone on a dating site or app, and they want to show you how to invest in crypto, or asks you to send them crypto, that’s a scam.

3 Comments

  1. Kathy Pannel

    Well, if you have been scammed by any crypto investment platform or Website i advice you get a good Recovery expert to help out. I recommend you send your evidence to CryptoSwiftRecovery@ gmail. com for help. I was a victim but i was able to read about them online and contacted them through the email above and surprisingly they recovered 95% of the bitcoin and Dogecoin that i lost to scammers.

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  2. Anna

    few months ago i was reading a comment on twitter , on how a friend of mine lost her bitcoin to a fake Binary Options company who was an impostor on Facebook, they contacted her as blockchain official support and she fell stupidly for their mischievous act, this made them gain access into her bank account and blockchain wallet account, whereby 7.0938 BTC was stolen from the wallet in total. I was dumbfounded because this was all the savings she banked upon, waiting for the bitcoin rate to improve. So someone on the forum recommended an expert ( Lallroyal .org) website,She wrote directly to the specialist explaining her loss. story short, they finally helped her recover the stolen bitcoin within 18 days. They launched the recovery program, and the culprits were identified as well, all thanks to them

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  3. Gabriel Hayes

    Times have changed. Technology is evolving everyday. There are new innovations that do not only trace bitcoin addresses but find out what platform or exchange they belong to. Anyone would agree that this is a big step in recovering coins. I lost over $60000 to Binary Options Trading but thanks to a private hacker and his team for their professional and Ethical service rendered in recovering all of my money from this scam binary options company. You can mail them if you need to recover your money ..

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