PHILADELPHIA, PA – The U.S. Secret Service has launched “Operation Crypto Guard” in Philadelphia to combat the increasing prevalence of pig butchering scams.
This initiative, announced on Friday, aims to raise awareness and prevent these sophisticated financial crimes.
Pig butchering scams involve criminals grooming potential victims before financially exploiting them. The Secret Service will conduct educational outreach and post bulletins on Bitcoin ATM machines to inform the public about these scams.
Michael Centrella, Special Agent in Charge of the Philadelphia Field Office, emphasized the Secret Service’s commitment to protecting citizens from such frauds. He advised public vigilance and reporting of any suspicious activities related to cryptocurrency investments.
The operation includes educating people about the risks of illegitimate crypto exchanges and fraudulent investment schemes. The Secret Service, along with other law enforcement agencies, is dedicated to investigating these scams and aiding victims in recovering losses.