Scammers from Canada extort bitcoins from victims

  • Scammers demand to top up bitcoin wallet through BTC ATM

  • The police again hunt the scammers who extort bitcoins

  • Cryptocurrencies are a favorite field of activity for scammers and scammers

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Officials from the Canadian public service and the Royal Canadian Mounted Police said that cryptocurrency scams continue to take place in the country. According to law enforcement officials, unknown fraudsters contact the victims and introduce themselves as police officers.

The scammers then report that the victim’s insurance policy has been compromised and temporarily blocked.

Bitcoin mining booming in Canada

To unblock, criminals ask to deposit a certain amount in cryptocurrency using bitcoin ATMs.

Scammers from Canada extort bitcoins from victims

The police asked the citizens of Canada to be more vigilant and not send money to unknown people. Moreover, civil service employees do not ask victims to deposit money into an account using a bitcoin ATM.

Let us remind you that this is not the first case of fraud related to cryptocurrencies..

Cryptocurrencies: a field for scammers


According to research conducted by the BBB Institute, cryptocurrencies have entered the top 5 areas of fraud, displacing online commerce, fake checks and payments. Cryptocurrency trading scams and ICOs ranked second, behind only employment scams.

Several cases of fraud have been committed since the beginning of 2020. One of the largest and most audacious was the scam carried out by a group of fake traders from Ukraine, who lured several million dollars from investors in Australia and England over the phone. The exact amount of damage is still being investigated, as many victims have yet to report fraud for fear of being judged by family members.

Bitcoin scammers are also represented by the World Health Organization (WHO) Solidarity Response Fund to Fight the Covid-19 Coronavirus. Attackers posing as a WHO cell collect donations in bitcoin ostensibly to fight the Chinese coronavirus infection.

Another group of scammers extorted money from old people, promising to invest them in Gram and Libra tokens In June 2019, Facebook announced preparations for the release of the digital currency Libra. The social networking project instantly attracted attention … More at fabulous percentages.

Therefore, experts in the field of cryptocurrency urge not to trust the sky-high promises and stay away from those who promise easy money on cryptocurrencies..


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