Saturday, February 4, 2023
BitWolf
  • Home
  • Cryptocurrency
  • Blockchain
  • Nft & Metaverse
  • Market
  • Bitcoin
  • Ethereum
  • More
    • Solana
    • Litecoin
    • Dogecoin
  • Live Prices
No Result
View All Result
No Result
View All Result
BitWolf

Edmontonians lost $5.6 million to cryptocurrency investment scams

bitwolf by bitwolf
September 28, 2022
in Cryptocurrency
0 0
0
Home Cryptocurrency


Article content material

Edmonton police say native traders have misplaced greater than $5.6 million to cryptocurrency scams between fall of 2019 and the tip of final 12 months.

Article content material

EPS says it investigated 112 cryptocurrency fraud studies over that point. Complaints misplaced $50,000 on common or much less to the rip-off, however the highest loss exceeded $1 million, police say.

Article content material

“Sadly, we encountered a number of complainants who misplaced their life financial savings to this rip-off,” says Det. Dana Gehring with the EPS Cyber Crime Investigations Unit.

“Sadly, as soon as funds are invested or despatched to a different celebration utilizing cryptocurrency, there’s little we will do to retrieve them. Whereas we all the time purpose to apprehend these accountable, our greatest device with any such fraud is to teach on prevention.”

Greater than 90 per cent of the incidents referenced bitcoin, in response to EPS.

More moderen numbers for 2022 should not but obtainable.

Article content material

Police say in most incidents, traders had been satisfied to spend money on cryptocurrency through what usually gave the impression to be authentic web sites or apps however which are really managed by scammers.

Scammers befriend complainants through social media, cellphone calls, on-line commercials and on-line courting platforms earlier than encouraging them to make a small funding, police say.

Police warn that at that time, scammers would usually manipulate the info on their web site or app to offer the looks of development and inspiring victims to offer them more cash.

Finally, the web sites or apps disappear, leaving these victims with none technique of recovering their cash.

EPS says it recommends anybody contemplating investing in cryptocurrency to verify the web site or app is authentic, be cautious of anybody unknown approaching with funding alternatives, and to confirm the investor or funding firm registered with FINTRAC or the Canadian Securities Administrator.



Source link

Related

Tags: CryptocurrencyEdmontoniansinvestmentLostmillionscams
ShareTweetShare
bitwolf

bitwolf

Next Post
SEGA to Launch Blockchain Card Game on L2 Oasys Network

SEGA to Launch Blockchain Card Game on L2 Oasys Network

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
Bitcoin Holds Above $17K Despite DCG Uncertainty – CoinDesk

Bitcoin Holds Above $17K Despite DCG Uncertainty – CoinDesk

January 10, 2023
Bitcoin community not happy with Peter Zeihan’s criticisms on Joe Rogan podcast

Bitcoin community not happy with Peter Zeihan’s criticisms on Joe Rogan podcast

January 10, 2023
MULN Stock: Mullen Is the New Dogecoin… Without Any of the Fun

MULN Stock: Mullen Is the New Dogecoin… Without Any of the Fun

January 22, 2023
Why Polygon could play a key role in mass blockchain adoption despite MATIC’s…

Why Polygon could play a key role in mass blockchain adoption despite MATIC’s…

January 10, 2023
Trezor and Wasabi Join Forces To Make Bitcoin More Private

Trezor and Wasabi Join Forces To Make Bitcoin More Private

5
Bitcoin could become the foundation of DeFi with more single-sided liquidity pools

Bitcoin could become the foundation of DeFi with more single-sided liquidity pools

1
DOGE Proponents Express Hope And Concerns Related To Dogecoin-Ethereum Bridges

DOGE Proponents Express Hope And Concerns Related To Dogecoin-Ethereum Bridges

0
Petrousus Token Set to Top the Cryptocurrency Market Like Uniswap and Solana

Petrousus Token Set to Top the Cryptocurrency Market Like Uniswap and Solana

0
Did US institutions prevail over Asian retail traders?

Did US institutions prevail over Asian retail traders?

February 4, 2023
The IBM–Maersk blockchain effort was doomed to fail from the start

The IBM–Maersk blockchain effort was doomed to fail from the start

February 4, 2023
‘Crypto summer’ likely to start in Q2 2023, Morgan Creek Capital CEO says

‘Crypto summer’ likely to start in Q2 2023, Morgan Creek Capital CEO says

February 4, 2023
Why did Bitcoin price go down today? BTC traders brace for $23K retest

Why did Bitcoin price go down today? BTC traders brace for $23K retest

February 4, 2023

Recent News

Did US institutions prevail over Asian retail traders?

Did US institutions prevail over Asian retail traders?

February 4, 2023
The IBM–Maersk blockchain effort was doomed to fail from the start

The IBM–Maersk blockchain effort was doomed to fail from the start

February 4, 2023
‘Crypto summer’ likely to start in Q2 2023, Morgan Creek Capital CEO says

‘Crypto summer’ likely to start in Q2 2023, Morgan Creek Capital CEO says

February 4, 2023

Categories

  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • Litecoin
  • Market & Analysis
  • Nft & Metaverse
  • Solana
  • Uncategorized

Tags

Big Binance Bitcoin Blockchain BNB BTC Cardano Coin Cointelegraph crypto Cryptocurrency Data DOGE Dogecoin ETH Ethereum Exchange eyes FTX Heres Inu Investors Latest Litecoin LTC Magazine market merge News NFT NFTs Polygon price rally Shiba SOL Solana Today token Top Trading Tweet Web3 Week XRP

© 2022 BitWolf All Rights Reserved

No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • Nft & Metaverse
  • Market
  • Bitcoin
  • Ethereum
  • More
    • Solana
    • Litecoin
    • Dogecoin
  • Live Prices

© 2022 BitWolf All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In