Canadian authorities warn against discussing cryptocurrency investments with online matches, advising that such conversations should be considered a red flag.
Crypto scammers are desperately trying to hit it off with Canadians on dating apps and websites this summer. However, many hopeless romantics are paying a hefty price in the process.
The Canadian Anti-Fraud Centre (CAFC) noticed an increase in two particular types of crypto scams targeting Canadian citizens — pig butchering, or romance scams, and investment scams.
The CAFC and the Canadian Investment Regulatory Organization (CIRO) jointly issued a warning about the sophisticated scams, “particularly those involving extended online communication.”
