Calgary Residents Lose Over $22 Million to Crypto Scams Amid Bear Market

The Calgary Police Service issued a warning to residents to beware of fraudsters who promise high returns on crypto investments, noting that Calgary victims have lost more than $22 million mostly to investment scams so far in 2023.Calgary Police Receive More Crypto Scam Reports in 2023

With the steady rise in fraud cases, the CPS has asked Canadian investors to exercise caution, asking them to be wary of the various means that scammers use to steal their money. The statement by Staff Sergeant Graeme Smiley of the Calgary Police Service Cyber Forensics Unit reads:

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