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Trust Pipstrustpips.com

Investment / sanctions alert · dfpi

DFPI — Victim narrative (California)

A California resident reports losing money on the crypto asset trading platform Trustpips.com. The victim was contacted on Facebook Messenger by someone claiming to be a well-known social media influencer. The influencer convinced the victim to send money to the site for trading. However, when the victim attempted to withdraw money, the site said they needed to pay $8,700 in transaction fees and taxes. The victim paid those fees, but the platform demanded an additional $2,100 to cover the “cost of transfer” fee to send the crypto assets to their account. The victim has been unable to recuperat

Estimated loss: $8,700

Type: Fraudulent Trading Platform | Imposter Scam | Pig Butchering Scam

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What to do if you were targeted

  1. 1.Stop all transfers immediately.
  2. 2.Contact your bank or wire transfer service to attempt a recall.
  3. 3.File a complaint with the FBI IC3 at ic3.gov.
  4. 4.Report to the FTC at reportfraud.ftc.gov.
  5. 5.Report to your state securities regulator via nasaa.org.