The Commodity Futures Trading Commission (CFTC) is cautioning students and job seekers about a specific type of crypto scam that falsely promises work-from-home opportunities. According to the CFTC, these scams involve criminals deceiving individuals into sending and receiving money through their bank accounts, digital wallets, or spot-market crypto trading accounts, under the guise of job responsibilities. The director of the CFTC’s Office of Customer Education and Outreach, Melanie Devoe, warns that even unknowing participants in money laundering can face criminal charges. She emphasizes that young people seeking part-time income, such as summer jobs, may be particularly vulnerable to these scams. Devoe explains that these individuals could unknowingly become accomplices to money laundering, also known as “money mules,” which could result in legal consequences. The CFTC highlights that victims may be instructed to utilize Bitcoin (BTC) kiosks or other on-ramps to convert cash into digital assets on a blockchain. They may also receive a substantial payment to a single crypto wallet and then be directed to divide and send smaller portions to various other addresses. The CFTC also warns the public to be cautious of “pig butchering” romance scams. In these scams, fraudsters establish an online relationship with a victim to gain their trust and persuade them to invest in cryptocurrency platforms that the scammers control. Once the victim has invested a significant amount of money, the con artist disappears with the funds. The scammers refer to their victims as “pigs” because they employ elaborate stories to “fatten up” the victim into believing they are in a close relationship. It is essential for individuals to remain vigilant and exercise caution to avoid falling victim to these scams.