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Cryptocurrency scammers target Vancouver Island and locals lose millions

Victims received dividends for a period of time, but their accounts were also exhausted.

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Just weeks after Saanich police reported that a cryptocurrency scam cost $ 1.4 million to local victims, Comox Valley RCMP investigated a similar scam with reported losses of more than $ 1 million. Saanich is doing.

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Cryptocurrency is a term for digital currencies such as Bitcoin.

In two cases in the Comox Valley, victims were called and given the opportunity to invest money in exchange for dividends. Victims allowed fraudsters access to their computers and created trading accounts on certain platforms, which fraudsters also used to collect personal information.

Victims received dividends for a period of time, but their accounts were also exhausted.

Other victims who want to invest in cryptocurrencies clicked on the cryptocurrency broker’s Facebook ad, sent money to the broker, and received an online report suggesting that their investment was going well. The broker then advised the victim to invest more money before blocking the communication.

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After that, the victims lost access to their money.

“Once you receive money from a bank and send it elsewhere, you are responsible for where you go and who can access it,” Const said. Monika Terragni urged people to take the time to find out where the money is heading. “Don’t be fooled by flashy websites, online advertising, or unexpected phone calls.”

Saanich police said such cases tended to involve several layers of fraud and frequently involved foreign-based fraudsters, which could be difficult to investigate. In addition, the fraudster’s method continues to evolve.

Comox Valley RCMP has provided the following tips to protect yourself from this type of scam.

• Be aware of online and social media ads and be suspicious if you are suddenly contacted about your investment.

• Do an investigation and keep in mind that scammers often try to force you to make a decision. Make sure you are using a legitimate service.

• Do not allow anyone remote access to your computer to create an account.

• If something sounds too good to be true, remember that it is probably true.

• See the RCMP Cyber ​​Safety web page (rcmp-grc.gc.ca/en/cyber-safety) for more information.

Cryptocurrency scammers target Vancouver Island and locals lose millions

Source link Cryptocurrency scammers target Vancouver Island and locals lose millions

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