Delta Police Warns About Crypto Investment Related Scams

There has been a lot going on in the world of crypto with the valuation of bitcoin reaching unprecedented heights. Other forms of crypto like Dogecoin have also been doing great, making more and more investors interested in it. Needless to say, the number of interest people are showing in crypto is quite high. Some would even suggest that it has never been higher before.

While people have made tremendous amounts of profits by making investments in bitcoin, dogecoin, and other forms of crypto, there are still some issues. One of the biggest problems that has occurred with the rise of crypto is the increasing amount of scammers. Believe it or not, there are plenty of scammers who are leaving no stone unturned in order to capitalize on the increase in crypto investments.

These scammers have been looking for opportunities to take full advantage of the lack of knowledge that some investors tend to have these days. Police also claim that they got more than 7 complaints regarding residents getting scammed after making crypto-related investments during recent months. August, in particular, has proved to be a problematic month with people losing more than $100,000.

Dusting Classen, who happens to be a constable in the cyber crimes section of the Delta Police Department made a very massive claim. He stated that the investors who recently lost their money through scams may not be able to recover their losses. What’s more, the police claimed that a large number of the incidents that took place recently have several factors that happen to be common.

In a large number of cases, the scammers got in touch with the people planning to make investments. The scammers got in touch with them through a variety of online platforms like chat applications, dating sites etc to create a relationship online. There were two cases in which investors ended up clicking on a particular ad that redirected them to illegal organizations.

Typically, the investors were encouraged to transfer their funds electronically with the help of their bank accounts or even mobile wallets. Unfortunately, the money these investors transferred when to accounts that were unknown.

There were even cases where the scammers being talked about offered assistance in order to walk the investors through the variety of online processes to transfer the funds. Some of them even guided the victims to download the programs that eventually allowed them access to their laptops or computers.

Because of these events, the Delta police has been incredibly vigilant and sending warnings to people in order to steer clear from such scams. Sure, eliminating these scammers may take some time but it is a step in the right direction.