PANews reported on April 14 that according to Bitcoin.com, Hawaii police issued an urgent warning that cryptocurrency "pig-killing" scams are rampant in the local area, and many elderly people have been defrauded of their life savings. Scammers pretend to be friends or partners through social platforms, and after long-term emotional cultivation, they induce victims to invest in fake cryptocurrency projects. Kauai County police said that such scams are extremely deceptive. Scammers spend months building trust and then use "high returns and zero risks" as bait to commit fraud. In a recent case, a woman in Maryland lost more than $3 million because she was lured into participating in a fake cryptocurrency investment after being trusted by scammers for weeks through communication apps. The FBI reported that such scams have resulted in billions of dollars in losses, and many victims did not realize they were deceived until it was too late. Authorities urged the public to be vigilant against unsolicited messages and verify any investment opportunities through trusted financial advisors. Warning signs include unsolicited friendship or love messages from strangers, unrealistic promises of high returns, encouragement to act quickly or secretly, and requirements to use unfamiliar cryptocurrency tools. Local police urged residents to take steps to protect themselves, especially elderly family members.
Hawaii police warn: Beware of cryptocurrency scams targeting seniors
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