Cryptocurrency fraud grew 400 per cent in Canada, RCMP says

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March 24, 2021 – Fraud is more prevalent than ever, according to RCMP. With the rise of cryptocurrency, criminals have opened a new avenue of taking peoples money.

“Cryptocurrency fraud is increasing dramatically in Canada, with a difference of more than 400 per cent between 2017 and 2020,” said Sgt. Kris Clark, a federal serious and organized crime RCMP officer. “Canadians lost nearly $11 million through digital currency scams alone, in the first eight months of 2020.” Global News reports. | READ MORE