In total, Calgary residents lost more than $22.5 million in 2023 to scams involving cryptocurrencies, according to police reports. This prompted local law enforcement to issue a special warning:
“It is important for citizens to know that while cryptocurrency can be used legally, scammers continue to regularly lure their victims with the promise of a quick way to make money, allegedly through digital assets. We are committed to helping citizens identify signs of potential fraud and protect the interests of victims,” the Calgary Police Service Cyber Forensics Unit said in a statement.
The local police department has created a special blockchain investigation group that will deal with these types of crimes. The police clarified that in 2022, Calgary residents reported losses totaling $14 million as a result of 321 cases of fraud. At the end of nine months of 2023, the number of cases of fraud known to the police reached 340 cases, and losses exceeded $20 million.
Earlier, Canadian law enforcement agencies announced the start of cooperation with Chainalysis to track suspicious cryptocurrency transactions.
Source: Bits
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