00:00 Speaker A
Be careful! The US Treasury identified $12.7B linked to catfish crypto scams across the country
Finally, we have our favorite segment, How not to invest. Hit it.
Yahoo Finance
Publisher
Sep 4, 2026 at 5:30 PM UTC · 1 dk okuma

Finally, we have our favorite segment, How not to invest. Hit it.
00:05 Singer
How not to invest.
00:08 Singer
How not to invest.
00:15 Speaker A
The Financial Crimes Enforcement Network right here, FinCEN, identifies nearly 13 billion linked to suspected digital asset scams operated by overseas scam centers.
00:30 Speaker A
These are those fishing people we're talking about.
00:32 Speaker A
They identified victims across all 50 states and several US territories. I've told you about this before.
00:39 Speaker A
These are the pig butchering scams that we've talked about in the past where criminals pose as romantic partners, friends or business contacts before directing victims towards fake investment websites and apps.
00:59 Speaker A
So, here's a little hint. If your new romantic partner refuses to video call you, but has a proprietary crypto platform, you're not early.
01:10 Speaker A
You are the exit liquidity.
01:13 Speaker A
And you are getting scammed. Do not send people your crypto, especially people who are catfishing you on the internet.
01:20 Speaker A
This is a global operation for tens of billions of dollars.
01:26 Speaker A
That is how not to invest.
Sourced by
Originally reported by Yahoo Finance
NewsLayer coverage based on externally reported material.
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