Every third Canadian Hodler has lost money through crypto fraud (study)

Every third Canadian Hodler has lost money through crypto fraud (study)

Studies by Toronto Metropolitan University (TMU) showed that 35 % of Canadians who have digital assets have become victims of crypto fraud.

also showed that about 9 % of the local cryptocurrencies or NFTs have bought, the proportion of people with university degree.

Less educated people are apparently rather cheated

The report, which was carried out on the basis of a representative survey of 2,000 Canadian residents, Preserver-Spaces = "True"> represent a serious problem in the country. According to the results, more than a third of those who have invested in digital assets were involved in any kind of fraud.

14 % (the largest proportion) stated that they were contacted by a person who spent crypto investment managers and later steel a fee for his "services". 10 % admitted to having passed on their wallet information after being asked for additional information, while 7 % digital currencies bought from a mysterious person who then disappeared.

"If users become victims of these cryptocurrency fraud, this can lead to considerable financial losses, which sometimes endanger large amounts of money from credit cards, credit cards and life savings. The result is not only financial losses, but also the risk that personal and financial information is stolen. Canada to be considerable, ”warned the authors of the study.

People from the lower layers of income and with lower education are cheated more frequently. People with an annual income of over $ 50,000 and a university degree seem to be more aware of the risks in the industry and are more careful when they are addressed by fraudsters.

also showed that most Canadians are suspicious of the exchange of cryptocurrencies. Almost 50 % have "low trust" in such companies, 25 % are "neutral" and only 9 % have "high trust".

In comparison, trust in the local banks is significantly higher. Only 12 % do not believe in domestic banking institutions, while 46 % have "high trust".

The trust of the Canadians in crypto exchanges, dais

showed that for example, one in ten Canadians jumped on the crypto train by bought Bitcoin, ether or another digital asset. The majority of investors are men between the ages of 25 and 35.

The painful lesson that a Canadian couple learned

While some frauds are not so devastating and, above all, lead to frustration with the victims, others can be of crucial importance. An example is an older man and his wife from Toronto, the separated with $ 300,000 in such a system.

The couple wanted to create their savings and was addressed online by an unknown person. After presenting themselves as "professional and expert" in the investment area, they advised the family to distribute funds on a dubious cryptocurrency platform.

At first everything seemed to be legitimate, and the duo saw how his investment grew "considerably" over time. However, the problems started when they asked to withdraw some assets. The perpetrator stated that he had to pay significant fees for the processing of such transactions. Later the couple found that their entire investment had disappeared, which showed their fears of being victims of crypto fraud.

The Toronto Police Service was able to regain a "significant part of the lost funds". However, the identity of the criminal who has withdrawn the money remained unclear, which means that it could be in another country.

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