Calgarians have lost more than $22.5 million to cryptocurrency scams so far in 2023.
Tokens for three different cryptocurrencies are pictured in this undated file photo. According to Calgary police, 340 scams have been reported this year – an increase from 321 reported in 2022, with approximately $14 million lost.
"It is important for citizens to know that while cryptocurrency can be used legitimately, fraudsters often lure victims with promises of a quick way to make money," Staff Sgt. Graeme Smiley of the Calgary Police Service cyber forensics unit said in a news release. Only scammers will demand full payment up front. Legitimate businesses, organizations and government agency won’t demand payment in advance, especially in cryptocurrency, or threaten you if payment is not received;Social media friend requests or messages on online dating apps that want to show you how to invest in crypto or ask you to send them crypto are likely scams; and
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