Wednesday, March 22, 2023
DiffrintCrypto.com
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Blockchain
  • Market & Analysis
  • ICO
  • Ethereum
  • Litecoin
  • Ripple
  • Dogecoin
DiffrintCrypto.com
No Result
View All Result
Home Cryptocurrency

Cryptocurrency fraud ‘exploding’ in Canada, according to consumer advocacy groups

diffrint by diffrint
January 25, 2022
in Cryptocurrency
0
Cryptocurrency fraud ‘exploding’ in Canada, according to consumer advocacy groups
218
SHARES
1.7k
VIEWS
Share on Facebook

Related articles

BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Cryptocurrency: White House Economic Report Says Most Crypto Assets ‘Have No Fundamental Value’ – LatestLY

March 22, 2023
BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Cryptocurrency roundup for March 22: GMX explores expansion to other blockchains, Circle Internet… – Moneycontrol

March 22, 2023


An Alberta girl has one other warning about so referred to as “digital gold” and the push to money in on cryptocurrency.

Watch:

B.C. man loses retirement savings to cryptocurrency scam

A Calgary investor — new to cryptocurrency and crypto belongings — informed World Information she is out roughly $2,500 because of what she believes is fraudulent exercise.

“I used to be being very adventurous and really unprepared for what I used to be investing in,” Isabelle Lévesque mentioned.

“I trusted them. I can’t consider I received caught.”


Calgary investor warns others after shedding $2,500 in crypto funding.


World Calgary

Lévesque mentioned she discovered firm TrueNorthBit, a cryptocurrency alternate platform, whereas trying on-line a couple of months in the past. She reached out and the corporate was fast to reply. She mentioned she continued to get calls from the corporate often over the following few weeks.

Story continues under commercial

“They saved insisting on speaking to me on the cellphone,” she mentioned. “They needed to get to know me higher.”

Lévesque mentioned firm representatives gained her belief, so she trusted them together with her cash. Particularly, she added, when she began seeing returns.

“The income simply saved rising on daily basis. At one level, simply inside two weeks, I had made $200 in revenue.”

However then Lévesque mentioned she was pressured to speculate extra — 1000’s extra. She mentioned she was informed if she didn’t put in about $10,000 complete, she can be transferred to a extra junior advisor and wouldn’t see the returns she had been seeing.

Learn extra:

More than $1 million lost to crypto scams this year: Guelph police

She refused and as an alternative determined to start out the method of taking all of her cash out — with the assistance, she mentioned, of TrueNorthBit.

“This woman referred to as me and began to direct me to do every kind of transactions that I didn’t perceive,” Lévesque mentioned.

“The stability that evening, the stability on my account that I may see on-line, was zero.”

Learn extra:

Aylmer man loses $141,000 in cryptocurrency scam: police

Story continues under commercial

Lévesque despatched electronic mail after electronic mail to the corporate, which World Information has obtained.

In a single them she asks: “What did you do to my account? You didn’t name me again as scheduled on Dec. 24 and my account with TrueNorthBit exhibits $0. I didn’t obtain my cash.”


Click to play video: 'Tips to avoid bitcoin scams'






4:17
Tricks to keep away from bitcoin scams


Tricks to keep away from bitcoin scams – Mar 1, 2018

An electronic mail response from the assist division at TrueNorthBit reads: “As we are able to see, you’ve gotten misplaced the quantity because of buying and selling actions, please test your closed positions for additional data.”

Lévesque is adamant she didn’t commerce something and added she simply did what the consultant informed her to do.

World Information tried to contact TrueNorthBit for a response to her claims. We despatched quite a few emails on to the representatives that had been in control of dealing with Lévesque’s accounts. We additionally referred to as each the Canadian and UK cellphone numbers listed on the emails, however we didn’t get any response.

Story continues under commercial


Click to play video: 'What you need to know before investing in cryptocurrency'






1:57
What you might want to know earlier than investing in cryptocurrency


What you might want to know earlier than investing in cryptocurrency – Nov 4, 2021

BBB warning

The Better Business Bureau Serving Southern Alberta and East Kootenay informed World Information it has not obtained every other complaints about this particular firm, however it has obtained eight different complaints about crypto investing.

“It’s form of the wild west within the crypto asset market proper now,” the BBB’s Wes Lafortune mentioned. “It’s an enormous drawback. It’s exploding.”

Lafortune mentioned the median loss is $600 however he added there has really been tens of millions of {dollars} of losses because of cryptocurrency schemes and fraud in Canada.

Lafortune added the laws round crypto investing are beginning to “catch up” however he mentioned actual change continues to be a great distance’s off. He advised buyers do their analysis, get funding recommendation from somebody they belief, and don’t be in a rush or really feel pressured to speculate.

Story continues under commercial

“It’s a little bit of the gold rush mentality,” he identified. “Folks wish to make a fast buck and there’s guarantees of big revenue, enormous features and people normally don’t materialize.”

“Backside line is don’t spend money on a crypto asset until you possibly can afford to lose the cash.”


Click to play video: 'Hackers walk away with $32 million in crypto-heist'






1:13
Hackers stroll away with $32 million in crypto-heist


Hackers stroll away with $32 million in crypto-heist – Jun 20, 2018

Alberta Securities Fee alert

The Alberta Securities Commission (ASC) informed World Information it is usually conscious of events participating in fraudulent funding schemes, together with some in relation to crypto belongings/cryptocurrency resembling Bitcoin.

It and the Canadian Securities Administrators (CSA) recently issued alerts to investors warning of the dangers.

The ASC mentioned it’s centered on educating Albertans about investing, together with investing in crypto belongings, including they’re very excessive danger and never appropriate for all buyers. It has additionally added various sources on its website to assist buyers test which internet sites are registered.

Story continues under commercial

It additionally strongly inspired Albertans to disregard unsolicited crypto asset funding presents obtained on-line or by way of social media.

Associated Information




© 2022 World Information, a division of Corus Leisure Inc.





Source link

Tags: advocacyCanadaconsumerCryptocurrencyexplodingfraudgroups
Share87

Related Posts

BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Cryptocurrency: White House Economic Report Says Most Crypto Assets ‘Have No Fundamental Value’ – LatestLY

by diffrint
March 22, 2023
0

Cryptocurrency: White House Economic Report Says Most Crypto Assets ‘Have No Fundamental Value’  LatestLY Source link

BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Cryptocurrency roundup for March 22: GMX explores expansion to other blockchains, Circle Internet… – Moneycontrol

by diffrint
March 22, 2023
0

Cryptocurrency roundup for March 22: GMX explores expansion to other blockchains, Circle Internet...  Moneycontrol Source link

BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Cryptocurrency Price Today March 21: Bitcoin Trades Above $28,000 level; XRP Gains 3.53%, Solana Sheds 2.34% – Jagran English

by diffrint
March 21, 2023
0

Cryptocurrency Price Today March 21: Bitcoin Trades Above $28,000 level; XRP Gains 3.53%, Solana Sheds 2.34%  Jagran English Source...

BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Cardano founder says Credit Suisse denied him an account because crypto was 'too dangerous' – Finbold – Finance in Bold

by diffrint
March 21, 2023
0

Cardano founder says Credit Suisse denied him an account because crypto was 'too dangerous'  Finbold - Finance in Daring ...

BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Michael Saylor: Dollar Lost 99.88% Of Purchasing Power To Bitcoin Over Last Decade – MicroStrategy (NASDA – Benzinga

by diffrint
March 21, 2023
0

Michael Saylor: Dollar Lost 99.88% Of Purchasing Power To Bitcoin Over Last Decade - MicroStrategy (NASDA  Benzinga Source link

Load More
Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Cryptocurrency mine prospects for rural site in Bulloch County

Cryptocurrency mine prospects for rural site in Bulloch County

July 16, 2022
Guelph man loses nearly $100,000 in cryptocurrency scam: police – Guelph

Guelph man loses nearly $100,000 in cryptocurrency scam: police – Guelph

December 30, 2021
Cryptocurrency fraud ‘exploding’ in Canada, according to consumer advocacy groups

Cryptocurrency fraud ‘exploding’ in Canada, according to consumer advocacy groups

January 25, 2022
Wells Fargo, HSBC to use blockchain for interbank foreign exchange settlement

Wells Fargo, HSBC to use blockchain for interbank foreign exchange settlement

December 19, 2021
Regulators and industry join to fight ransomware

Regulators and industry join to fight ransomware

0
Crypto scoring big with European football – Cointelegraph Magazine

Crypto scoring big with European football – Cointelegraph Magazine

0
CME Bitcoin futures open interest hits 8-month high, greater than when BTC price was at $65K

CME Bitcoin futures open interest hits 8-month high, greater than when BTC price was at $65K

0
This Satellite Stock Has A Better One-Year Return Than Bitcoin Cash, Litecoin And Ripple’s XRP – Globalstar (GSAT)

This Satellite Stock Has A Better One-Year Return Than Bitcoin Cash, Litecoin And Ripple’s XRP – Globalstar (GSAT)

0
BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Hovione and Ripple Enter Strategic Partnership to Expand Epidel® Platform into Non-Ophthalmic Space – Yahoo Finance

March 22, 2023
BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Elon Musk loses interest in Dogecoin (DOGE), Cardano (ADA) Price prediction, RenQ Finance (RENQ) to Lead the … – Analytics Insight

March 22, 2023
BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Bitcoin rises ahead of key Fed decision – CNBC

March 22, 2023
BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Litecoin (LTC) and Polkadot (DOT) Thrive In The Crypto Market, Orbeon Protocol (ORBN) Emerges As A Key Player With 1988% Increase During Presale – Coinspeaker

March 22, 2023

Recent News

BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Hovione and Ripple Enter Strategic Partnership to Expand Epidel® Platform into Non-Ophthalmic Space – Yahoo Finance

March 22, 2023
BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Elon Musk loses interest in Dogecoin (DOGE), Cardano (ADA) Price prediction, RenQ Finance (RENQ) to Lead the … – Analytics Insight

March 22, 2023
BNB and Litecoin looking bullish whilst Big Eyes Coin breaks largest presale in recent times at $20.5 Million – Euro Weekly News

Bitcoin rises ahead of key Fed decision – CNBC

March 22, 2023

Categories

  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Market & Analysis
  • Ripple

Follow Us

Tags

analysis big Binance Bitcoin Blockchain BNB BTC Buy Cardano Coin Cointelegraph Crypto cryptocurrencies Cryptocurrency Data Digital DOGE Dogecoin Elon ETH Ethereum eyes finance Heres Inu Investors Latest Litecoin LTC Magazine Market million News NFT price prices Ripple SEC Shiba Solana today Token Top Tweet XRP
No Result
View All Result
  • Home
  • Cryptocurrency
  • Bitcoin
  • Blockchain
  • Market & Analysis
  • ICO
  • Ethereum
  • Litecoin
  • Ripple
  • Dogecoin

© 2021 Diffrint Crypto All Rights Reserved