Like a Canadian couple, almost $ 300,000 lost in a crypto fraud
Like a Canadian couple, almost $ 300,000 lost in a crypto fraud
A couple from Toronto has become the youngest victim of a cryptocurrency fraudster. They lost around $ 300,000 in a sophisticated plan.
In this case, however, the law enforcement officers managed to regain a "significant part" of the lost funds and to return them to the victims.
Another crypto fraud in Canada
The Toronto police service announced spaserver-spaces = "True"> At the beginning of this week, an older man and his name were not announced, the victim of a cryptocurrency chorus.
The couple was ready to create their savings somewhere when it was addressed online by an unknown person who presented itself as "professional and expert" in the investment area. After winning the family's trust, he advised them to distribute their funds on a fraudulent cryptoplay. The culprit then asked the victims to send some capital to a enveloped wallet about a legitimate cryptocurrency exchange.
The duo initially saw nothing wrong, since the value of their investment on the application provided by the fraudster "grew" considerably ". At some point they even transferred money directly to the person in question.
The victims began to feel trouble when they asked to withdraw some stocks. The fraudster insisted that they pay high fees or invest more to complete such transactions. As a result, they separated from almost $ 300,000.
The Toronto Police Service carried out an investigation and managed to regain a "significant part of the lost funds". However, the identity of the fraudster remains unclear, and the law enforcement officers assumed that they could be abroad.
Stephen Carr-a resident of Meaford, Ontario-is another Canadian who recently became the victim of a similar plan. He separated from it of his entire life savings of around $ 500,000 after being involved in a crypto fraud.
In contrast to the couple mentioned above, the police were unable to give their money back and forced Carr to offer his house for sale so that he could reorganize his life.
How to avoid crypto fraud
Several investigators and experts gave the necessary instruction after the system became known. Detective Sean Vandecamp said such methods were very popular and asked people to be extremely careful with online investments.
"It is unlikely that the funds will be reclaimed via cryptocurrency, so this is such a great success story," he added.
Andreas Park-Professor of Finance at the University of Toronto-also added his mustard and argued that crypto users were particularly susceptible:
"With this great freedom that you have, the responsibility-and the problem-is just gone when you send it to the wrong person."
Vanessa Iafolla-consultant and lecturer for fraud prevention at Wilfrid Laurier University-warned persons who are not familiar with cryptocurrencies to avoid offers in relation to this investment class.
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