Sophisticated crypto frauds concentrating on B.C. customers through social media and online dating sites

Sophisticated crypto frauds concentrating on B.C. customers through social media and online dating sites

VANCOUVER and SURREY, BC , Nov. 3, 2021 /CNW/ – The B.C. RCMP, British Columbia Securities percentage (BCSC), Canadian Anti-Fraud Centre (CAFC) and municipal police are warning individuals about an emerging trend of fraudsters making use of social media marketing an internet-based adult dating sites to attract B.C. people into crypto-asset scams.

In the first eight period of 2021, British Columbians reported losses of $3.5 million from crypto financial frauds – a lot more than triple the quantity forgotten last year, that was simply over $one million , per CAFC information. Typically, only five percent of fraud victims document this type of events to bodies.

Scammers is adapting their methods to modern trends and technology, making use of a number of methods to defraud subjects:

  • Everyone is contacted via dating software or other social media sites.

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