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.

37 Comments

  1. Kathy Pannel

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  2. Anna

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    • Sue Fairweather

      Thank you for this

    • Marie Wasr

      I sent them an email and so for everything has been going well, i have gotten over 70% returned so far and they have told me that’s not all.

  5. Anold Saxon

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  9. Nancy barry

    I was introduced to a fake binary broker by an Asian friend I met on Instagram. Only to find out that they are working together to scam me. They succeeded in ripping me off about $35,000, which I could not withdrawal despite paying ridiculous fees. I got fed up just like you and decided to search for a solution somewhere else. This was how I bumped into a recovery forensic expert, Noble-allyfinancesecurity .com who assisted me. Noble-ally finance security took up my case when I had lost hope and I’m glad I gave them a chance.

  10. Wyatt Palmer

    I have read a lot of stories about people losing money to investment scams. I too have been a victim of this scams. I lost about $30k last year, I searched around and tried to work with people ,unfortunately I was scammed as well. This happened for months until I came across cryptoretrievalexpert@gmail.com they came to my rescue and all my funds were recovered.

  11. Anold Saxon

    IF YOU’RE LOOKING FOR THE BEST WAY TO RECOVER YOUR BITCOIN OR ANY CRYPTO FROM SCAMMERS. Have you been scammed by unregulated bitcoin investor or binary options broker then you need a Recovery expert’s assistance. It actually hurts and bring tears to my eyes when I read comments of scammed victims ripped off by fake Cryptocurrency investors. Contact CryptoSwiftRecovery@gmail. com for help

  12. James

    Getting money from scam in this era is very difficult especially when it haves to do with cryptocurrency , i was called by primespotway representative via my mobile phone to explain the benefit of trading with them , after so much persuading i tried to initiate a trade with $250, after few days i keep getting calls from my account manager to keep invest more to maximise enough profit which i also obeyed as i need to make enough profit to sort my bills., some days later i tried to withdraw some of my earnings and i was asked to pay for tax which i paid , immediately this was paid i was asked you to make another payment for withdrawal fee , this is when i realized i have been scammed after i have sent a total of $133700, I tried to communicate with my bank for chargeback but they made me understand the funds has already been withdrawn from the receiver which makes it impossible for me to retrieve my funds back via chargeback. but fortunately i met a finance security named Noble-allyfinancesecurity.COM while reading an articles on business insider on google , all thanks to their team that guide me on how i recover part of the funds i sent to this fake broker

  13. Andre Moraels

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  14. Smith Williams

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  19. MICHELLE

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  20. kylie

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  21. Robert W.

    I have learned and learned the hard way. There are many fraudulent individuals pretending to be what they are not and promising what they cannot offer. I followed the instructions of online brokers and ended up losing my savings while trying to make maximum profit. I believe life gave me another chance when I reported this to Finecsolutions . c0m and they helped with a successful recoup of my loss. I am now more careful than ever.

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  23. Charles

    Once your virtual currency has been stolen it is incredibly unlikely that you will be able to recover it. In theory, it’s possible to track your stolen bitcoin by monitoring the blockchain However, money does leave a trail and you may be able to follow it to the identity of the criminal. Even if you successfully use public ledgers to trace the currency, since most cryptocurrency is decentralized there aren’t many routes you can follow to get it back. And this why you need a recovery expert/hacker to help you with the recovery process,i was once a victim of bitcoin scams until i reached out to Caltechrecovery @ GMAIL C0M. They are amazing at helping victims recover their funds and they have good customer services.

  24. Josephine Patrick

    The crypto Currency Authorities should monitor every Brokers and Account Managers activities, I lost over $230,000 to unregulated Brokers who convinced me into investing my capital. After some successful trade and my profit increased I make a withdrawal request but surprisingly all my withdrawal request was declined , I contacted their customer service unit but i was not given a meaningful Reason why my request was declined. I tried all I could to withdraw my fund but no solution , at the end I lost all my capital without a single profit return .In search for help on how to get my money back I was directed to contact Mr Terry Mack who work with crypto Currency authorities, I contacted him and explained my situation to him , he requested for some details about the broker and concerning my investment, I forwarded all the details to him. It was all like a dream , through him I was able to get back all my money , please don’t sit back and cry when you facing difficulties in withdrawing your profit or you totally lost your funds to any Broker or Account Manager , kindly contact Mr Terry with his email below terrymack780@gmail.com I assure you a successful recovery of your funds back.

  25. JOHN

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  26. Linda Epling

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  27. Keith Jennings

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  28. hailey

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  29. Destiny

    One fateful morning I was going through the internet for latest news when an ad popped in about an investment scheme. I went through their mode of operations and I saw various positive reviews about the investment project. I decided to give it a try and I earned massively. I got convinced it was a genuine investment not until I invest about $575,750 then I started having issues on the platform until their website got crashed and I couldn’t withdraw my funds. This was a hell of a period for me as I found myself in a deep shit. Fortunately for me after weeks of brooding I got referral to RecoveryBureauC @ gmail c0m through a friend he had previously assisted. I gave it a shot and contacted this real deal recovery specialist at RecoveryBureauC @ gmail c0m and within few hours I made contact he recovered my scammed fortune easily with high level recovery tools. He’s the best for all cryptocurrency recovery

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