Canadian police have issued a targeted warning to citizens in Calgary, Alberta, to be wary of employment scams, romance scams, and other related to cryptocurrency after victims there lost over $22.5 million this year. Alberta officials revealed on Monday that its residents have run afoul of 340 reported crypto scams since the start of the year, up from $14 million across 321 reported scams in 2022. The police believe even these figures are “vastly underreported.” The most common forms of scams noted are investment scams—those promising victims more money if they send the scammer some funds first. The police also warned against people online promising large returns in the crypto markets, and of users on social media and online dating apps mentioning crypto investments. According to Chainalysis, scams continue to comprise the bulk of the volume transferred in crypto-related crimes. A June survey of 2,000 Canadians conducted by Toronto Metropolitan University found that one-third of digital asset owners in Canada have fallen victim to crypto scams. Besides scams alone, the RCMP published a warning in July regarding several Canadians whose crypto was being stolen directly from their homes. This news means that citizens in Calgary, Alberta must be aware of the increasing number of cryptocurrency scams in the city as it has caused victims to lose over $22.5 million this year. It is important to stay vigilant and not trust people online promising large returns in the crypto markets, or on social media and online dating apps mentioning crypto investments. #CryptoScams #Calgary #CryptoCrime #StayVigilant
You can read more about this topic here: Decrypt: Canadian Citizens In This City Have Lost $22.5 Million to Crypto Scams
