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Investment and cryptocurrency fraud are on the rise, with significant financial losses reported. Last year, roughly 2,680 Floridians were victims of investment fraud, losing over $300 million. Additionally, a state regulator recently warned of crypto fraud after an investor lost $750,000. The Commodity Futures Trading Commission (CFTC) is releasing a prevention brochure in partnership with several agencies, including the FBI and the IRS, to combat these scams. Reports indicate that over 69,000 complaints of crypto-based fraud were filed last year. The FBI Miami office highlighted a growing cryptocurrency scam known as 'Pig Butchering.'
