Calgary Becomes One of the Targets of Crypto Scammers, Authorities Warn of This
📈Canadian authorities in Calgary, Alberta have issued a special warning to its citizens regarding a significant increase in fraud related to crypto assets. 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.
📈Reporting from Decrypt.co, authorities believe that these figures may be far from the actual number, because many victims do not report these types of crimes. Calgary Police stressed that while most crypto transactions are legal, the unregulated nature of the digital asset market has provided opportunities for fraudsters to carry out a variety of fraudulent activities.
