A recent DFPI report has identified NRG Bit (nrgbit.com) as a crypto scam. A California resident was introduced to the fraudulent platform through a WhatsApp Bitcoin trading group, where a scammer named Caroline convinced them to move the conversation to Telegram. Caroline guided the victim through setting up an account on NRG Bit, even persuading them to provide personal information such as their driver’s license, phone number, and home address. The victim deposited funds and made a small trade for $500, but when their balance dropped and they attempted to withdraw the remaining funds, they were locked out of their account. Despite reassurances from Caroline, the funds were never returned, and NRG Bit’s website is no longer operational. This is a Pig Butchering scam, where fraudsters build trust before stealing funds. If you’ve encountered NRG Bit or similar scams, report them immediately to help warn others.