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FC MARKETS

Markets, money and the economy, explained for American investors

Topic

Fake Exchanges

1 article

Crypto

Crypto Scams: How to Spot Pig Butchering, Fake Exchanges and Rug Pulls

Crypto fraud costs Americans heavily every year, and most of it follows a handful of recognizable scripts. Learn how pig butchering, fake trading platforms, rug pulls, impersonation and recovery scams work, the red flags they share, and where to report fraud to the FBI, FTC, SEC and CFTC.

6 min read