Cryptocurrency crooks target Vancouver Island residents, locals lose millions – Vancouver Sun

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Information Native Information Crime Enterprise

The victims acquired dividends for a Time interval, By no meanstheless their acrelys have been additionally drained.

Author of the article:

Jeff Bell  •  Victoria Occasions Colonist

Publishing date:

Nov 27, 2021  •  7 hou…….

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The victims acquired dividends for a Time interval, By no meanstheless their acrelys have been additionally drained.

Author of the article:

Jeff Bell  •  Victoria Occasions Colonist

Publishing date:

Nov 27, 2021  •  7 hours in the past  •  2 minute study  •  6 Suggestions Photograph by Edgar Su/Reuters information

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Simply weeks after Saanich police reported that cryptocurrency frauds had value local victims $1.4 million, Comox Valley RCMP say they’re investigating comparable frauds with reported losses of Greater than $1 million.

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Cryptocurrency is a time period for digital currencies Similar to bitcoin.

In two Comox Valley circumstances, victims have been telephoned and launched with An alternative To take a place money in return for dividends. The victims gave the scammers entry to their private pcs to create buying and promoting acrelys on A particular platform, By no meanstheless the con artists additionally used the entry To collect private information.

The victims acquired dividends for a Time interval, By no meanstheless their acrelys have been additionally drained.

Completely different victims Eager to Pay money for cryptocurrency clicked on Fb advertisements for cryptocurrency brokers, then transferred money to the brokers and have been proven on-line reviews suggestng their fundings have been doing properly. The brokers then inspired the victims To take a place Further money, earlier than slicing off communication.

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The victims Might not entry their money after that.

“When you’ve taken your money from the financial institution and transferred it elsethe place, You are Responsible for the place it goes and Who’s in a place to entry it,” said Const. Monika Terragni, who urged people to take the time to know the place their money Goes. “Don’t get lured in by fancy internetsites, on-line advertisements or sudden telephone calls.”

Saanich police said such circumstances Might be exhausting To evaluation, since They’ve A bent To incorporate a quantity of layers of fraud And regularly contain scammers based mostly overseas. As properly as, the scammers’ strategies proceed to evolve.

Comox Valley RCMP provided The following pointers For shielding your self from This Sort of fraud:

• Be cautious of on-line and social-media advertisements and be suspicious In case You are contacted out of the blue about an funding.

• Do your evaluation and notice that scammers will typically Try and rush you Proper into a selection. Make constructive That you merely’re using respectable ­providers.

• By no means give anyone distant entry to your pc to ­create acrelys.

• Maintain in thoughts that if one factor sounds too good to be true, it probably is.

• Extra information Is out there on the RCMP cybersafety internet Website at rcmp-grc.gc.ca/en/cyber-safety.

Source: https://vancouversun.com/news/local-news/cryptocurrency-crooks-target-vancouver-island-residents-locals-lose-millions