OPP disrupts international cryptocurrency scams, identifies 1000’s of victims worldwide
NEWS RELEASE
ONTARIO PROVINCIAL POLICE
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OTTAWA — The Ontario Provincial Police (OPP) Cyber-Enabled Fraud Workforce (CEFT) and its companions, via Challenge Atlas, have prevented greater than $70 million in cryptocurrency from being stolen by cybercriminals and frozen over $24 million in fraudulent losses. Working with regulation enforcement companions across the globe, investigators have recognized over 2,000 cryptocurrency pockets addresses linked to fraud victims throughout 14 nations, together with Canada, the USA, Australia, Germany, and the UK.
Challenge Atlas was a victim-centred initiative targeted on disrupting organized cryptocurrency fraud schemes and elevating public consciousness about cryptocurrency funding scams. The OPP thanks its companions for his or her important assist, together with the Royal Canadian Mounted Police (RCMP), Canadian Anti-Fraud Centre (CAFC), Nationwide Cyber Crime Coordination Centre (NC3), United States Secret Service (USSS), Ottawa Police Service (OPS), Sûreté du Québec (SQ), Autorité des marchés financiers (AMF) and private-sector collaborators similar to Chainalysis, Ndax, Shakepay and Coinbase.
QUOTES:
“Cryptocurrency funding frauds proceed to devastate victims in Ontario and around the globe, with these crimes changing into extra subtle every year. These engaged in fraudulent actions use manipulative social media adverts, professional-looking web sites, social engineering and more and more advanced expertise to deceive their targets. I’m happy with Challenge Atlas as an OPP-led, proactive, victim-centred strategy to combating cybercrime. I urge everybody to study cryptocurrency funding frauds and share this data with family members to assist defend them. Collectively, we are able to cut back the influence of those crimes on our communities.”
Mike Bickerton, Detective Superintendent, Director of Monetary Crime Providers, Anti-Rackets Department, Cyber-Enabled Fraud Workforce (CEFT) & Severe Fraud Workplace, Ontario Provincial Police
Members of the general public are inspired to go to opp.ca/Atlas to be taught extra about cryptocurrency funding frauds and forestall changing into a sufferer.
Bear in mind: When you have been a sufferer of fraud or suspect fraudulent exercise, instantly report it to your native police and the Canadian Anti-Fraud Centre at 1-888-495-8501, or on-line by way of the Fraud Reporting System.
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