Calgarians Lost $22.5 Million in 340 Reported Crypto Scams This Year, City Police Warns
Citizens of the Canadian city of Calgary have fallen victim to 340 crypto-related scams, losing over $22.5 million in this year alone, claims report.
The Calgary city police service said in a report Monday that the city residents have so far lost more than $22.5 million in cryptocurrency scams, up from approximately $14 million last year.
“We are educating citizens about the red flags of these scams during the third week of Cyber Security Awareness Month.”
The Calgary city report highlighted that common scams include those that promise high-profit returns, convince victims to keep sending more funds, romance scams, and scammers impersonating representatives from the government or financial institutions. These reports have hit high records in the recent past.
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