CAFC and Winnipeg Police Service recover $17,000 in Bitcoin

On March 17, 2022, the Canadian Anti-Fraud Centre and Winnipeg Police Service (WPS) were able to recover a $17,000 fraudulent Bitcoin transfer associated to a crypto investment scam. This recovery is an example of how important it is to report to both CAFC and local police.

Investment scams were the highest reported scams based on dollar loss in 2021 for which victims reported losses of $163.9 Million to CAFC. In most of these cases, the investment opportunities offer higher than normal, or true monetary, returns which often result in investors losing most, or all, of their money.

The CAFC is warning Canadians to watch out for the following:

Protect yourself: