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Police Warn Of Recent Cryptocurrency Scams — News For Finance

Police Warn Of Recent Cryptocurrency Scams

Saint John police are warning residents about recent cryptocurrency scams in the community.

Police say they have responded to at least five instances of bitcoin-related scams since early May.

According to a news release, the scams have resulted in tens of thousands of dollars in losses.

“As a reminder, banking institutions, police officers, or representatives from any other legitimate financial or government institutions, including the Canada Revenue Agency (CRA) will not ask you to withdrawal funds and send them BITCOIN or purchase gift cards,” said the release issued on Thursday.

Police also offered up several tips people should keep in mind to help avoid becoming a victim.

  • Be aware of unsolicited calls asking for your personal or banking information. If you did not initiate the call, do not assume you know who you are talking…

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