The South Bruce Ontario Provincial Police (OPP) is sounding the alarm on cryptocurrency funding frauds after a sequence of native incidents have resulted in residents dropping over $190,000 since October 2024.
In line with the OPP, most scams start with misleading commercials on social media platforms, luring victims to spend money on cryptocurrency via illegitimate funding corporations. As soon as the funds are transferred, victims discover themselves unable to retrieve their cash.
The South Bruce OPP is urging residents to train excessive warning earlier than participating in cryptocurrency investments. They suggest totally researching any funding agency and consulting with a monetary establishment or the Canadian Anti-Fraud Centre (CAFC) to keep away from falling prey to those schemes.
If in case you have info associated to those scams, you’re inspired to contact the South Bruce OPP at 1-888-310-1122. For individuals who want to stay nameless, suggestions might be submitted to Crime Stoppers at 1-800-222-8477 or via a safe net tip at www.cstip.ca. Tipsters could also be eligible for a money reward of as much as $2,000.
Authorities emphasize vigilance and training as key defenses towards the rising risk of cryptocurrency fraud.
