RATE Group | Canadian Police Warn Public About Emerging Bitcoin Scams
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Canadian Police Warn Public About Emerging Bitcoin Scams

15 Dec Canadian Police Warn Public About Emerging Bitcoin Scams

Posted at 18:03h in Bitcoin News by

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Canadian police have warned the public about getting caught up in Bitcoin scams and to exercise some caution when investing their money in cryptocurrency.

It has been an interesting year for crypto scams and controversies with some of the most famous names in the world such as Floyd Mayweather and DJ Khaled getting caught up in the affray. However, it is the online crypto-hackers you have to watch.

Canadians Keeping Track on Bitcoin Scams

The police in Edmonton, Alberta, have warned their local populous in regards to the rise in Bitcoin scams that are using sophisticated methods to part potential investors and their cash. Edmonton Police informed the public on Wednesday that crypto scammers are using more unique ways than ever before so investors need to remain vigilant.

The police mentioned in their statement that reported cases of identity theft and fraud have dramatically risen between 2013 and 2017 by almost 90% with an increase of nearly 10% in 2018 alone.

While cash…

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