Calgary Becomes One of the Targets of Crypto Scammers, Authorities Warn This!!

Canadian authorities in Calgary, Alberta have issued a special warning to its citizens regarding a significant increase in crypto asset related fraud. The reason is, during 2023 victims in this area have reported losses exceeding US$ 22.5 million due to fraudulent schemes,

This was revealed after many Calgary residents have become victims of 340 crypto frauds reported since the beginning of this year 2023, which is a significant increase from the previous year. In 2022, the city recorded 321 reported frauds, with lower financial losses of around US$14 million.

Calgary, known for its historical importance in the Canadian oil industry and its ranking as the world's third liveable city by the Economist Intelligence Unit, is currently battling a growing wave of crypto-related fraud.

Despite growing concerns, Calgary Police did not provide much when contacted by several members of the Canadian media.

However, in a mid-2023 update the company showed a global decline in crypto crime. However, this decline does not appear to be reflected in the situation in Calgary. A survey conducted in June 2023 by Toronto Metropolitan University revealed that one-third of Canadian digital asset owners have fallen victim to crypto fraud.#scammer#cryptonews #cryptocurrency